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A Bankruptcy Attorney Will Calm The Fear Of The Trustee

One reason many Americans try to avoid filing bankruptcy is the dreaded fear of facing the bankruptcy trustee in court. First of all, the bankruptcy trustee puts on their shoes one foot at a time just like everyone. The only reason someone should fear the trustee is that they’re trying to hide something from the court while filing bankruptcy. Much of the fear about filing bankruptcy is put out there from the credit industry. The credit industry wants debtors to believe that if they file for bankruptcy, they will never see another credit card again or never be able to buy a home and so on. This is far from the truth, as long as someone can stay employed after filing bankruptcy, their debt ratios will actually be a lot better than before. This will help them quickly move their credit score up higher making credit available to them again.

One way to avoid any misconceptions and misinformation about bankruptcy is to hire a bankruptcy attorney to take the debtor through the process. One thing for sure, a bankruptcy attorney will help meeting the trustee for the first time. The debtor’s bankruptcy attorney will make sure that any misconceptions that the debtor might have will be squashed prior to the 341 meeting. The bankruptcy filing should go extremely smooth with the help of an attorney as long as the debtor is completely honest presenting information to the attorney. When using a bankruptcy attorney to file, the debtor can be rest assured that the maximum amount of property will be protected by the bankruptcy exemption laws. The untrue myth that many people have about the trustee and a chapter 7 bankruptcy is that they rollup in a big box truck to load up all the debtor’s belongings and auction them off. The bankruptcy trustee is only interested in nonexempt property that can be easily liquidated. In today’s economy, it’s a rarity to see any property taken except for liquid assets.

2 Responses to A Bankruptcy Attorney Will Calm The Fear Of The Trustee

  1. says:

    I just cduoln’t leave your website before suggesting that I really enjoyed the standard information an individual supply to your guests? Is going to be back regularly in order to check out new posts

    Reply
  2. says:

    You can srrdenuer in both 7 or 13.13 is often used to stop foreclosure or hold onto a home with significant equity. That’s why 13 is more often associated with keeping a home.

    Reply

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