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Bankruptcy is Just Filling Out Some Forms, Right?
Bankruptcy |
2021/06/22 14:25
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| Nothing could be further from the truth! My job as a Bankruptcy Attorney is to help clients understand the process, and how to navigate all of the complexities of Bankruptcy Law. My job is also to educate the public about common misconceptions of the Bankruptcy Process, and how it works.
You may think, well, if the client is broke, how can they afford to hire a lawyer? That is a legitimate question. But, in reality, if you are having financial troubles, as a business owner, or as a consumer, you can’t afford NOT to hire an attorney.
Many people might do a google search “how to file Bankruptcy”, and get some results, and with a bit of hunting, find some forms to fill out. What are the forms exactly? When a person or business files for Bankruptcy Protection, they are required to file a “Petition for Bankruptcy Relief”. They are literally asking the Court for Relief from their Creditors (companies they owe). Even if you think your case is simple, what you don’t know can hurt you.
When you Petition the Court for Relief, you are required to tell the Court in the Forms all about your financial life. The Petition asks you to list everything in the world that they own (Yes, the world!). So, if you own a timeshare in Florida, that goes on the list. If you own a plot of land in Europe, that goes on the list too! And, you have to list what you own such as cars and valuable items in your house. You also have to list EVERYONE YOU OWE. Every company, every person, no exceptions! These are just some examples.
There are approximately 60 pages of questions that every person or business owner has to answer UNDER THE PENALTY OF PERJURY. Full, accurate disclosure is the only way you can get relief from the Court. And how you disclose everything on the Petition is very important! This means that if anything is left off, you could be denied your Bankruptcy Discharge (completion document) or worse, be sentenced to Prison for Bankruptcy Fraud.
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Class action or a representative action is a form of lawsuit in which a large group of people collectively bring a claim to court and/or in which a class of defendants is being sued. This form of collective lawsuit originated in the United States and is still predominantly a U.S. phenomenon, at least the U.S. variant of it. In the United States federal courts, class actions are governed by Federal Rules of Civil Procedure Rule. Since 1938, many states have adopted rules similar to the FRCP. However, some states like California have civil procedure systems which deviate significantly from the federal rules; the California Codes provide for four separate types of class actions. As a result, there are two separate treatises devoted solely to the complex topic of California class actions. Some states, such as Virginia, do not provide for any class actions, while others, such as New York, limit the types of claims that may be brought as class actions. They can construct your law firm a brand new website, lawyer website templates and help you redesign your existing law firm site to secure your place in the internet. |
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