Volusia County Lawyer
If you are a resident of the Volusia County, Port Orange or the Greater Daytona area or anywhere in the surrounding areas, you should not worry about finding a lawyer. There are plenty of registered law firms in these areas who can advise you regarding various laws.
Today we will discuss about filing for bankruptcy in Volusia County. The steps included in filing for bankruptcy have been discussed here. Your bankruptcy lawyer will answer all your queries in detail and will also help you file for bankruptcy if you want them to do so.
Bankruptcy is a method where an individual or an organization that is neck deep in debt can request to be relieved from paying the debts. Or they can ask for reorganization. But in order to do so they have to file for bankruptcy first. Bankruptcy filing has different steps involved in it.
Mandatory pre-filing credit counseling
Before you can file for bankruptcy you need to get a credit counseling session certificate. The session will provide you with all sorts of information regarding bankruptcy. You can get an opinion on your financial situation from the credit counselors. The session lasts for only 90 minutes. Once the session is complete you can file for bankruptcy.
Preparing your bankruptcy papers
You need to fill out bankruptcy forms. These forms will require details about your income, expenses, assets, and your current debts. Any loans taken against any collateral and how you intend to repay them will also have to be mentioned. Secured debts, such as property, also need to be mentioned.
Meeting with Trustee and Creditors (341 Meeting)
After you have filed your papers, you will have to meet court trustees within 20 to 40 days. The trustee will ask you questions regarding the information that you have provided in the forms. You will have to meet the creditors next. They will either object to the claims that you have made or will challenge the exemptions you have requested for. You can respond to these objections by either filing a motion (request) with the court or by responding to their objections with the help of a lawyer.
Mandatory “Debtor Education” Debt Management Course
After you have completed filing for bankruptcy, you will have to attend a compulsory Debt Management Course. Only when you have completed the ‘debtor education’, will you be handed over your ‘discharge’ certificate. The certificate will officially declare that you are in debt.
Bankruptcy laws fall under the jurisdiction and supervision of United States Bankruptcy Courts but are decided in the local bankruptcy court of the particular state. Florida has 3 bankruptcy courts. Even though bankruptcy is governed by federal laws, each local court has its own set of local rules to determine a case of bankruptcy.
If you are a resident of Volusia County or your business is located here, and you need help regarding filing for bankruptcy or understanding the laws related to it, do not hesitate to contact a bankruptcy lawyer in your area today.