Our bankruptcy lawyers will explain everything to you.
Bankruptcy law is complicated and there are many ways you can damage your case. Bankruptcy hearings should never be left to chance. This is why you are strongly encouraged to talk to our bankruptcy lawyers in Queens right away. You probably have a million questions on your mind. We will attempt to answer some of the most common ones here. And remember, you can get a free consultation with one of our seasoned attorneys simply by calling our office at 718-461-2094.
Under normal circumstances, you have nothing to worry about. You will be able to keep your normal job. Yes, this includes self-employed people as well. However, you need to be aware that there are some professions that do not allow you to go bankrupt. For example, solicitors, accountants and charity trustees cannot go bankrupt and keep their position. Also, a recently bankrupt person may not be able to apply for a position with the armed forces or the police.
The bankruptcy case doesn't take long. In most cases it's done in two or three weeks if there are no special circumstances. However, bankruptcy itself will last for 12 months. The charges on future earnings and assets will last for up to 36 months.
Going bankrupt sometimes means you have to make tough decisions. You may need to sell your home. However, this depends on several factors, such as available equity and assets. Also, it is possible to win an annulment procedure that will help you keep your home. Our bankruptcy attorneys in Queens will do everything in their power to help you keep your home.
The trustee is a public servant that protects your assets and oversees your bankruptcy. He or she is an officer of the court. This person will not only analyze your financial situation, but also look for signs of dishonesty.
The Bankruptcy Restriction Order is an order that prevents you from declaring bankruptcy for a period of time. The length of the order can be anywhere between 2 and 15 years and depends on your conduct. If you recklessly accrued debt or have tried to hide some assets, the order will be oriented towards the maximum. It is always best to be honest with the court.
We know you probably have many more questions regarding personal or business bankruptcy. Why don't you take advantage of our free consultation and give us a quick call? One of our bankruptcy lawyers in Queens will discuss the specifics of your case with you and will answer all your questions. Dial our number and let's see how we can help you: 718-461-2094!
|
|
||
