A bankruptcy filing is a common way of letting people and other companies know that your company does not have enough capital to perform its operations. There can be various reasons for a company to file for bankruptcy and it can be done properly by hiring a Bankruptcy Lawyer.But many people don’t know about the events that can signal the dismissal or end of the bankruptcy case. And in this article, you will gain insights into some events that can signal the end of your bankruptcy case.
Ways through which bankruptcy can end
Some of the ways through which bankruptcy case can end with the help of a Bankruptcy Lawyerare given below:
Discharge is one of the most common goals of any bankruptcy filer and it is also possibly one of the common outcomes. After getting a discharge order from the court, you are not obliged to pay your remaining debt to any of the creditors. The court may relieve you from paying some debt or all of it depending upon the circumstances and no creditor can collect it from you no matter what the case.
The bankruptcy dismissalcan take place if the court finds any wrongdoings in the case. It is the action that can be taken by the judge who oversees the bankruptcy cases. Many things can trigger the dismissal of the bankruptcy cases such as failure in filing the schedules, etc. As compared to the discharge dismissals are less frequent but a judge has the full authority to go for dismissal of bankruptcy case if he/she finds anything wrong with it.
- Voluntary dismissal of the case
Voluntary dismissal refers to the termination of the bankruptcy case when a debtor himself or herself decides to terminate the case due to one or many reasons. The debtor can dismiss chapter 13 of the bankruptcy law whenever they feel like it. But the same is not the case in chapter 7. If a debtor is unable to make repayments, then the best choice for them is to dismiss the case.
Why you need a good bankruptcy lawyer?
If you are filing for bankruptcy or if you have already filed for the bankruptcy and want to get over with it as fast as possible, then it is best to hire a good and reputed bankruptcy attorney. With a good attorney, your chances of getting your desired results can increase many folds if you are not hiding any necessary information from your attorney.
The Bankruptcy Lawyer is one of the places where you can find experienced bankruptcy attorneys to represent your case. An experienced attorney is always a good choice as compared to the attorney who is a newbie is in this field. They can advise you and can also guide you to take the necessary steps to get your desired results. You can visittheir website if you are looking for an experienced bankruptcy attorney.
Don’t fall for cheap attorneys
You will also find many cheap attorneys in Bankruptcy Lawyerthat will talk to you professionally and humbly to lure you to hire them for representing you. But it is wise to don’t fall for their words and always hire an attorney who has a reputation or who have experience in dealing with these types of cases.
So, these were the few things that can end the bankruptcy case. If you are willing to file for bankruptcy and are looking for a professional law firm that can provide you with an experienced and reputed attorney than head to Bankruptcy Lawyer.