Personal bankruptcy is when an individual files for bankruptcy. This is contrasted with commercial or business bankruptcy, which is filed by a business organization. Personal bankruptcy is also called “consumer bankruptcy,” and generally has to do with a person’s debt due to spending.
In most cases, people file personal bankruptcy in order to wipe out their debts and obtain a fresh financial start. While this may have some negative short-term effects on credit, filing for bankruptcy can be helpful in the long run.
A personal bankruptcy lawyer may be in charge of many different tasks and responsibilities when it comes to bankruptcy filings. When hiring a personal bankruptcy lawyer, the lawyer might be expected to:
As mentioned, filing for personal bankruptcy is much different than filing for commercial or business bankruptcy. If you need to file for commercial bankruptcy, a different type of attorney may be needed, particularly one who specializes in business filings.
When hiring a personal bankruptcy attorney, be sure to:
Taking these steps can help ensure that your attorney will be the right match for you. Many conflicts of interest can be avoided through careful consideration when hiring an attorney.
Personal bankruptcy can often be a long process that requires much attention to detail. You may need to hire a qualified personal bankruptcy lawyer in your area if you need help filing a case. You lawyer can provide you with legal advice, research, and information to help you with your bankruptcy claim. Also, if you need to make an appearance in court or at a meeting, your attorney can represent you during those times.
Last Modified: 05-22-2018 06:36 PM PDTLaw Library Disclaimer
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