A bankruptcy lawyer can help you ward off a bankruptcy litigation
Posted by James Schwitalla on June 12th, 2017
There may be situations in life when you might just not be in a position to service your debts. Of course, no right-minded person in the world would like to default on his loans. Availing loans and repaying the same with interest is very common. The banks and financial institutions survive on this basic concept alone. However, in spite of the best efforts on the part of the borrower to repay the loan, defaults do occur. It can be because of extraneous reasons. However, a default is a default. The law has to take its own course in dealing with the loan defaults. The banks and other creditors have to employ all the possible means at their disposal to recover the loans. This could involve seizing of security mortgaged to the bank, etc. If everything else fails, the banks and other creditors have a right to file a bankruptcy litigation petition in the courts.
You have just seen that the creditors have their rights as per the law. At the same time, debtors have their rights as well. The problem with ordinary people is that they are not aware of the law and the protection it gives them. They feel that whatever the creditor does is right and they have to abide by it. It is not always so. The best thing to do under such circumstances is to contact a bankruptcy lawyer.
Every person in the world has the right to defense. You cannot allow any person to snatch your hard-earned property and bring the same to auction without giving a fight. Of course, the courts do confer rights upon the creditors to seize the assets and take steps to dispose of them and realize the debts. At the same time, the same courts come to the rescue of the defaulters as well. The law envisages that the creditors should provide every opportunity to the defaulters to repay the loans and safeguard their properties.
What can you expect a bankruptcy lawyer to do? This question can come to the minds of people. Depending on the nature of your default, you qualify for certain debt relief concessions. The bankruptcy lawyer is the best person to judge whether you qualify for a Chapter 7 bankruptcy Florida concession of a Chapter 13 concession.
As a normal person, you might not know the implications of the Chapter 7 and Chapter 13 bankruptcy. However, you have the services of the lawyer to explain them to you. The role of the bankruptcy lawyer is to make sure that you do not suffer any kind of injustice. You should get all the concessions available to people under these circumstances. His main objective is to ensure that the creditors do not take advantage of your ignorance in such matters.
The greatest advantage of seeking the help of the bankruptcy lawyers is that you need not reply to the questions posed by the creditors. You can authorize your lawyer to respond to them in the appropriate fashion. This can give you great peace of mind as well.
Contact:
Miami Bankruptcy
Park Place II,
12954 SW 133rd Court, Miami
FL 33186,United States
3052780811
