In its simplest sense, bankruptcy refers to a legal proceeding that involves an individual or business that cannot feasibly repay outstanding debts and manage credit lines moving forward. In most cases, the actual court hearings are initiated by way of a petition filed by the debtor, although creditors also have the right to file this type of requisition as well. This multifaceted, oft-complex process takes into account all of the debtor’s outstanding balances, assets, revenue streams, and running expenses. This is all in an effort to establish a reasonable repayment plan, which is why so many people turn to their local bankruptcy attorney in Charlottesville to ensure a desirable final outcome.
How Can a Lawyer Help?
As any reputable bankruptcy attorney will tell you, filing for bankruptcy essentially gives you a second chance at obtaining solvency. You’ll no longer have to struggle under the weight of constant creditor harassment in the form of incessant letters, phone calls, and emails. Your bankruptcy attorney will be able to navigate the dense, multifarious court system, fabricating a bulletproof case file to ensure you receive a favorable ruling from the judge.
Picking the Right Attorney
If you’re shopping around for the best local bankruptcy attorney, the most valuable instrument in your proverbial toolbox is actually the World Wide Web! As the most reputable legal teams tend to maintain up-to-date, intuitive web pages, you’ll be able to browse through dozens of lawyer biographies, hourly rates, and past client testimonials with a few simple clicks. To begin your research on the right foot, visit the Slayton Law, PLC website for more information.
Address: 913 E Jefferson St, Charlottesville, VA 22902