Many Nebraska residents need a fresh financial start. Many think bankruptcy is not an option for them as they own a home, a car, and have a job. It is understandable to think that you cannot discharge your debt or that you will have to give up all your belongings in bankruptcy. This is simply not the case. Nebraska bankruptcy attorney Burke Smith has helped residents of Omaha and other cities in gaining financial freedom while ensuring that they do not lose all their belongings in the process. Contact our chapter 7 bankruptcy attorneys today to schedule your initial consultation.
Omaha bankruptcy lawyers who guide Nebraska residents through the Chapter 7 process
The U.S. bankruptcy code is designed to protect people who have been trying in life but have fallen on hard times. The bankruptcy discharge process allows people to gain a fresh start while not destroying their lives. You may file for a Chapter 7 bankruptcy if you pass the bankruptcy means test and have not filed a previous Chapter 7 bankruptcy in the last eight (8) years. Approximately 30 days after filing your bankruptcy petition, you are required to attend the “meeting of creditors”. In reality, your creditors almost never show up for this meeting, but it gives the trustee a chance to make sure all the appropriate schedules and other documents have been filed as well as a chance to ask follow up questions regarding any concerns they may have about your bankruptcy petition.
While it is possible for the trustee to liquidate or sell your non-exempt property, an experienced bankruptcy attorney will be able to protect most if not all of the items you own. This includes your house and car, if you own them. If there is non-exempt equity in your property, your attorney should tell you that when you met with him or her to sign your bankruptcy petition. In that event, you should be able to work out a payment plan with the trustee and keep your property. To protect your property, you use what are called exemptions. These exemptions allow you to keep certain assets and the Trustee will not claim and then sell them. When preparing your Bankruptcy Petition, our Omaha lawyers help Nebraska residents in maximizing their exemptions. Our understanding of how to maximize your exemptions allows us to guide you through the process so that a financial fresh start waits you at the end. Contact us online or by telephone to schedule your initial consultation.
Omaha bankruptcy lawyers standing up for the rights of Nebraska consumers during the Vhapter 7 process
Our Omaha bankruptcy lawyers ensure that your interests are protected during the process. When you retain our office you will be dealing with your attorneys and not with paralegals or other staff. Also, once we are retained, debt collectors will be directed to contact us directly so you no longer have to deal with them. All of our clients receive assistance with credit restoration.
There is no need for you to feel financially trapped. You have options. Call our Nebraska offices today to schedule a consultation.