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We are a debt relief agency. We help people file for relief under the bankruptcy code.

Monroe Bankruptcy Law

The choice to file for bankruptcy is a difficult one for anyone to face, especially those who consider themselves responsible, hardworking citizens. However, there should be no shame attached to filing for bankruptcy. It is a perfectly legal means to find your way out of financial difficulty when no other means are available.

However, you must be certain you follow the proper steps when filing for bankruptcy, as the slightest misstep or omission could be construed as an attempt to defraud the legal system. If you are considering navigating the complicated bankruptcy laws in Monroe, Louisiana, start by contacting an experienced bankruptcy attorney.

Bankruptcy law in Monroe

So how should one go about filing for bankruptcy in Monroe under complex bankruptcy laws?

First and foremost, make sure you have no other viable alternative. A bankruptcy stays on your credit file for up to ten years. However, your credit rating is probably already compromised, since you are considering bankruptcy. Your experienced Monroe bankruptcy attorney can help you make this decision.

Next, consider which type of bankruptcy makes the most sense for you or your business and file the appropriate petition:

Then refer all of your creditors to your attorney, who speaks on your behalf from this point forward. Once your attorney files your bankruptcy proceedings, an automatic stay goes into effect, meaning none of your creditors can contact you directly.

You are soon notified by mail of a meeting of creditors. This meeting lets the bankruptcy trustee involved in the case confirm that you filled out your bankruptcy petition truthfully. You must also divulge all of your assets at this meeting, which generally lasts about ten minutes.

Your creditors now have 60 days to file suit challenging any aspect of your bankruptcy. If no such suits are filed, then shortly after 60 days pass you receive a notice regarding the discharge of your debt, assuming you filed for Chapter 7 bankruptcy. If you filed Chapter 13 bankruptcy, debt is not discharged until 30 to 60 days after your final payment under your approved bankruptcy repayment plan.

Personal bankruptcy in Monroe

Debt is a fact of life, and when it becomes unmanageable you have nothing to be ashamed of.

Attorney E. Orum Young will help you work out your debts confidentially. If you need Monroe bankruptcy advice, please contact us, the bankruptcy law firm of E. Orum Young Law Offices.