Bankruptcy Petitions

The attorneys at LPO have been extensively trained for preparing detailed petitions on Chapter 7 (liquidation of assets), Chapter 11 (company or individual "reorganizations"), and Chapter 13 (debt repayment with lowered debt covenants or payment plans). Outsourcing to LPO allows client’s to focus on other projects and study new areas of law.

LPO is the Law Firm which is the most appreciated worldwide or at least we like to think so, when clients come to an attorney seeking debt relief, they want someone who will be immediate into their actions and assure them that they have rights. With clients, attorneys, values and traditions, the Firm holds a place of its own in most directories of legal enterprises. Count on us for that level of representation. We immediately get to work on gathering the facts and unique aspects of your Chapter 7 or Chapter 13 bankruptcy filing.

Bankruptcy Petitions and Schedules :
1. The bankruptcy petition service fails to include all eligible debts. This leads to certain unsecured liabilities not being written-off and collection agency pursuance for the outstanding balance following discharge.
2. Failure to fill in the appropriate forms to stop foreclosure. Even if the client is able to find enough money to make a contribution towards clearing any outstanding arrears, it will be too late to save the property. It will be repossessed and sold for fair market value at auction.
3 Not reaffirming secured debts, such as car loans, leads to any collateral being repossessed. It will then be far more expensive to get a loan to buy a car with bad credit which could lead to affordability issues in the future.
4. Clients being advised to file bankruptcy when their debts aren't eligible for inclusion, such as attempting to eliminate student loan debt. This simply leads to chapter 7 bankruptcy showing on a credit report for the next 10-years without any benefit to the client.
5. Listing exempt assets as non-exempt assets when filing bankruptcy. These assets will then needlessly be sold and the proceeds disseminated to creditors.

Filing for Bankruptcy is a big decision, Sometimes it is beneficial to people to file for bankruptcy and for others it's not. Before you make any decision I highly suggest you read more about bankruptcy. Find out as much as you can about bankruptcy before you make any decisions. For Bankruptcy petition Services visit www.legalprocessoutsourcing.com