There are a few different reasons to file for Chapter 13. Probably the first one is if you are not qualifying for the Chapter 7.
Jan. 12, 2023
What Does Life Look Like in The Aftermath of A Bankruptcy?
For anyone who is considering bankruptcy, because they are struggling with a financial hardship: schedule a free consultation with us. You are going to save in the long run. You are going to save yourself so much time by taking an hour out of your day and getting a professional licensed attorney to sit down and talk with you and say, here are your options. Here are the pros and cons of each of those options and here is what a bankruptcy would look like for you and could do for you. Rather than avoiding the free consultation and instead spending hours and hours combing through articles getting partial information and possibly outdated or irrelevant bankruptcy information.
Remember each state law is different, so do your homework. If you want to have accurate information, specific detailed knowledge so that you can make an informed choice, you are going to get that by scheduling a free consultation with a bankruptcy attorney. What set us apart from other attorneys out there are really three things. The first one is communication. We really focus on that, because it is important to understand what the person is dealing with and what their goals are. The second thing is we post all of our fees online.
If you go to our website and on the homepage there is a link for “bankruptcy cost.” We break down all of our fees and we show you the various categories and circumstances that cause us to put you in that category. Basically we are flat fee based, and we offer you a quote based on the circumstances you have. This will show how much time and effort we have to put in your case. If you rent your home and you make less than $20,000 a year and you do not run a business, you do not have any large assets, you have not been doing any transfers to friends or relatives, your case is going to be less of a time commitment for me than a case for a married couple making $150,000 a year with three kids, one in college, three cars, a recreational real estate property, and two businesses.
We tell you what our fees are right up front before you even pick up the phone. You can see which of these really fits your circumstances, so you know what to expect before you sit down for a free consultation. You will not find another bankruptcy attorney in the twin cities metro who provides their fee list on their website.
The third factor is because of the attention we place on our clients and the care we take with each of our client’s cases. You are not going to find a better reviewed bankruptcy attorney in the Minneapolis/ St. Paul metro. If you go online and search for bankruptcy attorneys and look at reviews, you are going to find dozens and dozens of reviews for Michael Sheridan and Atlas Law Firm and they are all positive reviews. You might find about ten or twenty for the number two reviewed attorney. That speaks volumes about the customer service we provide to our clients and the care we take with each of their cases.
We make sure that the lines of communication are open, and that all of their questions are answered in a timely fashion, and we take care to make sure their case goes very smoothly. That is what really sets us apart. The focus is to give you a fresh start. From the date your case is filed, the stress of the calls and the collections, that all stops, and I cannot emphasize how important that is to our clients. There is the legal aspect of bankruptcy and there is the emotional aspect.
Obviously, as your lawyer, I would handle the legal aspect of the case. But because bankruptcy is usually the last option: most people have spent months if not years fighting this battle with the credit card companies to try and bend over backwards and be able to live and pay their creditors. This ends on the date your case is filed and you can finally take a deep breath and say, ‘I don’t have to be scared anymore or worry that my paycheck is going to disappear or that somebody’s taking a 25% bite out of my paycheck every 2 weeks”.
We also discuss steps to take after the bankruptcy is over. We talk about a strategy to rebuild your credit. Even if you do not want to use credit cards in the future, that is perfectly fine. But a lot of people need to go out there and get loans. One day you might hope to own a home. You need credit for those things, and so we walk you through this process. We offer resources to use in order to rebuild your credit. The whole goal of the bankruptcy code is to get you that fresh start so that you can move forward with your life better than the day we filed your case. If you look at some of our reviews online, it is based on what are clients are saying about our firm. “Thank you, I feel so much better. The future feels bright again. I don’t have to worry about all of these things that were plaguing me and my family 4 or 5 months ago.” It works and it is a good solution.
For more information on Aftermath of a Bankruptcy, a free initial consultation is your next best step. Get the information and legal answers you are seeking by calling today.
The three common triggers for bankruptcy are unemployment, medical expenses, and divorce. Unemployment can trigger bankruptcy, which is pretty straightforward.
The trustee has a duty to conduct due diligence, and that basically means reviewing the documents that are filed by the debtor and then holding a hearing called a Section 341 hearing in which the trustee asks some standard questions of the debtor.