Economics Finance

In this day and age, most individuals and companies are very careful to keep their financial information as private as possible. Publicly held companies are required to divulge a wide array of financial results on a regular basis in order to keep their shareholders apprised of their status, but most if not all privately held companies and individual citizens would prefer to keep the state of their financial situation a closely guarded secret. However, if they run into trouble and need to declare bankruptcy, their finances matters can be made available in public record.

Most people would be surprised to learn just how much personal information is laid bare in bankruptcy court records. Companies 1 even offer to provide such information as “name and alias, address, business name, file date, county of filing, case number, social security number, and judges initials” from any bankruptcy proceeding within 1 day of receiving the request for a fee of just $23. For most people, aside from the embarrassment of being identified publicly as being bankrupt, the most troubling piece of personal information being legally sold here is the social security number.

Lawyers and those providing bankruptcy counseling would be well advised to inform their clients of the exact nature of the personal information that will be made public in the filing state to their clients as another factor to be considered when contemplating bankruptcy. In some states it may be possible to seal certain pieces of information relating to the court proceedings, or otherwise keep them out of the public record. Bankruptcy attorneys are familiar with the steps that can be taken in their state on behalf of their clients and ensure this service is a part of their services for clients involved in bankruptcy proceedings. Only an experienced bankruptcy attorney can provide absolute details on the nature of protecting your personal information during and following bankruptcy proceedings. It is important for you to request this protection. Continue reading ‘Experienced Bankruptcy Attorneys Can Protect Personal Information’ »

Bankruptcy is a stressful and exasperating process for most of us. Bankruptcy attorneys, with proper experience, skills and training, will help us through the minefield of financial uncertainties that loom large. People who are on the verge of financial ruin would find it hard to arrange for extra funds to pay a bankruptcy lawyer. Still, their best interests need to be safeguarded so the only reliable recourse is to engage a reputed bankruptcy lawyer.

Why to Hire Bankruptcy Attorneys

Bankruptcy attorneys cannot solve all your problems. Some people think it is best to file for bankruptcy on their own, especially when the money is tight. True, there is the urgent requirement to save every penny of it. However, if you shell out an amount to hire a bankruptcy lawyer, that would save you a lot of money in future. First of all, an attorney would know how to deal with those debt collectors who harass you with continuous calls. They will know how to safeguard you so that you can finally stop worrying.

Bankruptcy law is complex but with the right kind of attorneys to represent you in court, it will not be tough or stressful. In case of a mistake, you could lose the assets you are trying to protect. You could even face criminal charges if you omit some assets.

How to Hire Bankruptcy Attorneys Continue reading ‘Why Hire Bankruptcy Attorneys?’ »