Duties Of A Bankruptcy Lawyer

The term 'bankruptcy' is a legal way of referring to an individual's inability of clearing his debts die to financial shortage. It is one of the debt relief options that help an individual clear all his debts through the liquidation of his non-exempt assets.

Literally, bankruptcy is a legal process in federal court that requires liquidation of a debtor's assets. A debtor is freed from any additional liabilities hereafter. The steps of filing a bankruptcy may be sequenced as follows: :


1. As an individual files his bankruptcy appeal, the court will send a notice to all his creditors within duration of 5 days or so.

2. Tenable creditors need to be informed by the debtor himself. This can be done by mailing the copies of the Certificate of Service and Statement of Intentions to the creditors.

3. Court will notify a debtor about his eligibility to file a bankruptcy petition.

4. Creditors will be given notifications for the hearing date when the debtor is required to appear in a court.

5. In the assembly of creditors, a court-appointed trustee will be examining the debtor's petition. He may also be asked to present copies of documents like tax returns bank statements, title to motor vehicles and pay check stubs. The trustee will authenticate these details thoroughly.

6. A 'no-asset' case might not see any creditors' presence in the court proceedings.

7. Make sure to disclose all the details of your assets and debts to your lawyer in order to rule out any deceitful charges. As we can see, a bankruptcy case has complexities. It is better to hire a bankruptcy attorney to rule out all the chances of any bewilderment in filing a petition.

A bankruptcy attorney holds specialty in the different facets of this field. Be it an individual or a business firm, a specialized lawyer can help anyone. The common duties of a bankruptcy attorney are as follows:

1. Filing a petition to the court for bankruptcy.

2. Writing case reports.

3. Analyzing client's total assets and liabilities.

4. Deciding which bankruptcy alternative his client should opt for.

5. Attending client meetings.

6. Working with the court-appointed trustee and conducting proper liquidation of the client's assets.

7. Representing his client at the court hearing.

Bankruptcy can be a rather shaky case to deal with, but it can be easy to manage with the help of a competent bankruptcy lawyer. Atlanta has numerous renowned law firms.

You must do little bit of research while choosing a somekeyword. Atlanta citizens can contact Darrell L. Burrow if they need professional legal assistance.