The passing of a loved one is a difficult time for everyone involved, particularly when there are legal matters that need handling, such as the administering of the deceased's assets. During this process, a probate attorney can be a valuable asset to your case. This article will discuss how to use a probate attorney after a relative passes away. After reading this guide, you'll understand the basics of a probate attorney's role, and you'll know how to find one.
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One of the primary concerns for those considering Chapter 13, or repayment plan, bankruptcy is what may happen to their finances during the multi-year case. If your financial situation changes for the worse, will you still be locked into an unaffordable repayment plan? Or can you get relief from the unexpected?
In fact, you can get relief in many circumstances. To help you decide if Chapter 13 is still right for you, here are answers to some of the most important questions about altering your payment plan.
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Do you plan to file for Chapter 13, or repayment plan, bankruptcy? Then one of your biggest tasks will be to craft your proposed payment plan for the three to five years required. And the underlying principle of any bankruptcy repayment plan is known as the 'best effort' requirement. What should you know about this? Here are answers to your questions about this important factor.
What Is the Best Effort Requirement?
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Bankruptcy and debt relief issues can be confusing when in financial distress. Yet, this is the time you require legal protection to maintain a sense of normalcy even as you try to seek solutions to regain your financial status. Filing for bankruptcy is legal protection you can use, but you need to do it right to get the maximum benefits. A good bankruptcy attorney can make all the difference in bankruptcy proceedings.
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As you look at your debts and finances, you might decide to do something about the issues you have. Bankruptcy is an option you can turn to when you need help with your financial state, but which branch should you pursue? The main two options are Chapter 7 and Chapter 13, but one option will likely be better for you than the other. Here is a brief description of each branch to help you understand the differences.
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