When someone files to absolve their debt, it is done in a federal court. However, state law has influence over exemptions, property rights and some other details. If you are seeking a way out of debt, a Jacksonville FL Bankruptcy Attorney can help you through the required procedure.
The legal fees charged by the lawyer may be paid in installments. But, the court requires filing fees at the time paperwork is submitted. This can be waived in some cases. When a client has an income lower than a certain level, he may be able to pay the filing fees in installments too.
Laws are more complex than the average person is aware of. Although some attempt to file a chapter 7 on their own, it is better to have an attorney representing you. A chapter 13 petition is exceptionally intricate and impossible to be done correctly without legal knowledge.
The chapter 13 is very complicated with many official documents to be submitted to the court. These include a B1 petition, repayment schedules, the statement of financial affairs and a means test, which is the form B22. A chapter 7 takes the petitioners possessions to be sold and pay off debtors. They will only receive partial payment.
A chapter 13 is different. The individual retains property and agrees to pay off all bills over time. Any interest on the debt is stopped and he usually is given five years for repayment. He must have an income that is sufficient to cover all payments.
In any case, the federal court must approve the petition and will not do so if it is filed incorrectly. Therefore, anyone attempting to act as their own lawyer is unwise. The chapter 13 filing is almost impossible without a legal background. Your attorney will provide all the help needed to cope with the many required details. By relying on your legal representative you will be assured of everything being done correctly and your best interests being protected.
The legal fees charged by the lawyer may be paid in installments. But, the court requires filing fees at the time paperwork is submitted. This can be waived in some cases. When a client has an income lower than a certain level, he may be able to pay the filing fees in installments too.
Laws are more complex than the average person is aware of. Although some attempt to file a chapter 7 on their own, it is better to have an attorney representing you. A chapter 13 petition is exceptionally intricate and impossible to be done correctly without legal knowledge.
The chapter 13 is very complicated with many official documents to be submitted to the court. These include a B1 petition, repayment schedules, the statement of financial affairs and a means test, which is the form B22. A chapter 7 takes the petitioners possessions to be sold and pay off debtors. They will only receive partial payment.
A chapter 13 is different. The individual retains property and agrees to pay off all bills over time. Any interest on the debt is stopped and he usually is given five years for repayment. He must have an income that is sufficient to cover all payments.
In any case, the federal court must approve the petition and will not do so if it is filed incorrectly. Therefore, anyone attempting to act as their own lawyer is unwise. The chapter 13 filing is almost impossible without a legal background. Your attorney will provide all the help needed to cope with the many required details. By relying on your legal representative you will be assured of everything being done correctly and your best interests being protected.
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