As a bankruptcy attorney, I am aware that filing for bankruptcy is challenging and needs to be handled carefully. A lot of people use inexperienced attorneys or file for bankruptcy on their own. A nightmare may be about to begin. These people misplace their inheritance, cars, tax returns, and other valuables. These problems are typically preventable with careful bankruptcy planning.
The automatic stay, which acts like a “magical” cloak when a bankruptcy petition is filed, shields the debtor and their possessions. This canopy is so powerful that it discourages almost everyone, even the IRS. Until a bankruptcy court orders differently, no mortgage company, bill collector, or creditor may intervene with the debtor or any of the debtor’s assets.
We pledge to give every client the best advice we are capable of giving. Here are some feedback from some of my clients.