In present day economy, when world economy is going through a tough, roller-coaster ride, an individual financial stability is of high concern. Usually people try to take the right decisions at the right time in terms of monetary matters, yet due to certain sudden, unfortunate events, one may face financial loss or instability. Everyone hopes for a recovery but at times, when it is too difficult to come of the problem, the only option that remains is to file bankruptcy. Companies, individual even states may file up for bankruptcy.
CPA, Enrolled Agent or tax return preparer may solicit some counselling and guidance related to the matter but it's only an attorney who can take you through the legal formalities. Attorney is under the oath of secrecy and hence one can be assured that whatever is discussed with him will be confidential and trustworthy. In case the IRS criminally prosecutes you, the attorney can be trusted not to testify against you in the court.
somekeyword would take care of all legal formalities required in the process. Beginning from counselling, which is the most important step before one decides to take such a big decision about bankruptcy, to the last step, the attorney always supports you! As it would affect the claimants financial records for next 7-10 yrs, first and foremost, the attorney tries to analyse the situation and extend appropriate advice. The client is made to feel at ease right from the beginning, so that he is able to discuss the matter honestly and sincerely. Throughout the process, the attorney makes sure that the client is well updated about the progress of the case.
Usually individual, file consumer bankruptcies are covered under chapter 7 and 13 of the US Bankruptcy code. Towns and cities that are a part of the municipal corporations can file for chapter 9 bankruptcy whereas farmers and fishermen can qualify for chapter 12 bankruptcy.
Usually, people who are going through a tough financial crisis are clouded with various questions such as the fee involved, harassment by the creditors, time involved in the process and many more. Depending on the client's financial background and amount of debt incurred, the attorney would plan the time-line for the filing.
When in need of any tax related consultation, one can approach an Atlanta tax attorney who would guide you through the entire process of any tax related matter. Any tax advice, representation, litigation services, to individuals and businesses can be discussed with an somekeyword who can help and guide accordingly. A good search in the state of Georgia for an experienced and knowledgeable attorney/ lawyer would be the first step once the toughest decision of filing bankruptcy has been taken.
Bankruptcy is a very serious matter; one must consider all pros and cons and try to hunt for better options before taking the irreversible decision. As the credit history would be affected for future, one must think wisely. Consumer credit counselling and negotiating with the creditors must also be considered. Whatever the matter, if it is finally decided that there is no other option, one must make sure that he approaches the right resort.
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