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You may be able to go without a lawyer if your case is straightforward — for example, if you have a simple Chapter 7 bankruptcy with no assets to protect, limited income and few creditors ...
Certain types of legal documents can be drafted by a notary public in the State of Louisiana. Louisiana notaries public prepare and draft legal documents of a noncontentious nature (i.e. not for court cases) such as wills, trusts, marriage contracts, articles of incorporation, estate inventories, mortgages, real estate sales contracts, powers of attorney, etc. Aside from drafting, they are ...
A bankruptcy petition preparer is a person who is not an attorney or an employee of an attorneys who prepares a document for filing in the United States Bankruptcy Court for another person. Bankruptcy petition preparers are authorized in the bankruptcy code under 11 U.S.C. §110, [ 1 ] but are limited in the services that they provide direct to ...
The rate of non-attorney filings in bankruptcy courts by debtors, according to University of Illinois Law School's Professor Robert Lawless was 13.8% for chapter 13 cases, and 10.1% for chapter 7 cases. [citation needed] The rate was as high as 30% to 45% for major urban areas, such as California and New York City.
Key takeaways. There are two common types of bankruptcy: Chapter 7 and Chapter 13. Filing for bankruptcy is a time-consuming process that can take years to stop affecting your finances.
Chapter 13 bankruptcy offers a way to reorganize and pay off debts over three to five years without losing essential assets like a home or car. It provides a structured repayment plan and an ...
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