Don’t be scared of filing for bankruptcy! If you find yourself owing debtors more than you can afford and you want to learn more about bankruptcy, contact the bankruptcy lawyers at Craft Law Offices in Greenville, Morehead City, or Rocky Mount, North Carolina. We want to help you figure out your best options for moving forward. Our goal is to make filing bankruptcy an easier process for you so that you can achieve financial security.
If you have decided to file for bankruptcy, but you’re unsure of the next steps you need to take, you should begin researching bankruptcy attorneys in your area. But first, do you find yourself wondering what bankruptcy lawyers even do? You’ve come to the right place!
A bankruptcy lawyer’s primary focus is assisting clients through court proceedings. Their goal is (or should be) to reduce or eliminate debt, or to proceed forward with bankruptcy. Bankruptcy lawyers can serve individuals or corporations, and they may represent individual or corporate debtors, individual or corporate creditors, creditors’ committees, and/or bankruptcy trustees.
What are the educational requirements for a bankruptcy attorney? They need to have obtained a juris doctorate as well as a current attorney license. Typically, bankruptcy lawyers will have taken courses like creditors’ rights, income taxation, negotiations, and other bankruptcy-specific courses during their educational training.
Bankruptcy lawyers work both in and out of the courtroom. Out of the courtroom, they are responsible for advising their clients in bankruptcy laws (which can be a tedious part of the job, since bankruptcy laws are quite complex). They are also responsible for counseling their clients in reducing their debt load by liquidating assets and paying creditors. Or, if they’re working for creditors, bankruptcy attorneys will attempt to extract as much money owed as possible from debtors.
In the court work, bankruptcy lawyers present a debt-reorganization plan for the court to approve for the debtor. Their greatest aim is to guide their client away from full bankruptcy, but when necessary, they also file bankruptcy documents for their clients.
A great bankruptcy attorney will have strong litigation and transaction skills, strong communication skills, and emotional intelligence as well. Because bankruptcy law cases are so intricate and can be lengthy and emotional, bankruptcy lawyers must handle their client’s affairs with seriousness and delicacy.
If you are looking for an excellent bankruptcy attorney in or around Greenville, Morehead City, or Rocky Mount, NC, look no further! Contact any of our offices at Craft Law; we can’t wait to work with you.