When you file for bankruptcy, it is important to follow all of the steps required by the court to avoid your case being dismissed. There are several things you will have to do as you prepare to file your case with the court. Your Bankruptcy Attorney in Hunters ville NC can help you understand the process and make sure you know about everything that will be required of you before the paperwork is filed.
One of the first things everyone who files for bankruptcy protection has to do is attend a credit counseling session. You must use a counselor from the list of government-approved agencies. There are strict time limits for your first counseling. It must take place within 180 days of your filing. You will have to submit your certificate of completion with your initial filing. Most organizations charge a fee for credit counseling but you can request a fee waiver if you can’t afford to pay.
After your request for debt relief has been accepted by the court, you will receive a notice of a meeting with your creditors. You must attend this meeting in person to avoid having your case dismissed. Your Bankruptcy Attorney in Hunters ville NC will represent you at the meeting and the trustee may ask you questions about your assets and income. If you have any assets that are not exempt and the trustee believes that they can be sold to pay off some of your debts, you may be required to surrender those assets.
If you want to keep your primary residence, you must be current on your mortgage payments and you must reaffirm the loan with the mortgage company. Your bankruptcy attorney at Lake Law Office PLLC can help you with those steps if you qualify. Many people who file for bankruptcy are able to keep all of their properties, with the exception of real estate and automobiles that were used as collateral for loans. Lake Law Office PLLC will be by your side throughout the process, advocating for your rights are protected and that you get to keep as much of your personal property as possible.
