You might be under the impression that after your bankruptcy discharge, you will have no further use for an attorney. On the contrary, your bankruptcy attorney will continue to serve as an essential point of contact between you and the courts. Especially if your circumstances change, it is imperative that you notify your attorney. In the following paragraphs, we’ll discuss a few of the many different post-discharge services an attorney can provide.
Mortgage Mediation or Short Sale
Mortgage mediation is a great way to help mitigate your bankruptcy losses. An attorney may be able to broker a deal between you and your mortgage lender that is beneficial for both parties. Furthermore, if you decided to keep your home as part of your original bankruptcy settlement, you might eventually change your mind. A bankruptcy attorney can help you move smoothly through the short sale process.
Reopening of Your Bankruptcy Case
Did you neglect to list a debt or asset in your original case? An attorney can help you petition the court to reopen your case so you can rectify your official bankruptcy list. If you’re struggling to meet the requirements of your current bankruptcy agreement, an attorney can also help you figure out a feasible solution. One possibility could involve converting your Chapter 13 bankruptcy to a Chapter 7 bankruptcy.
Liquidation of Additional Assets
It is never a good idea to hide assets. Following your discharge, you might be forced to part with assets that you originally intended to keep. An attorney can help you through the asset liquidation process and answer questions about the stipulations of your discharge agreement regarding to your assets. If you think you can get more for your assets than the stated liquidation value, your attorney might advise you to attempt to convert your Chapter 7 bankruptcy to a Chapter 11 bankruptcy in order to maximize the value of your assets.
Even though your bankruptcy agreement is designed to ensure a discharge of your debts, it’s not uncommon for creditors to illegally attempt to collect debt even after your bankruptcy is complete. Oftentimes, when you receive collection calls post-discharge, it is because your original creditor has sold its debt to a debt buyer who is unaware of your discharge. With the assistance of your attorney, you can effectively put a stop to any misguided collection attempts. You might think that once your bankruptcy case settled you’re on your own when it comes to the logistics of your bankruptcy. Whatever the specifics of your case, an attorney can be a vital ally as you navigate life after bankruptcy. Questions about your bankruptcy case? Contact one of our skilled bankruptcy attorney today.