Harrisonburg Bankruptcy Lawyer
Many Virginia residents who struggle with overwhelming debt find the only solution for their situation is to file for bankruptcy. If you are considering filing, it is important to understand hat that the bankruptcy may have an impact on other legal proceedings you may be involved with. A Harrisonburg bankruptcy lawyer can evaluate your situation and advise you on the best way to proceed.
Can filing for bankruptcy affect other legal proceedings?
There are cases where financial concerns are just a portion of the legal troubles or issues a client is facing. In those cases, it is especially important to seek the guidance of legal counsel who can examine a client’s situation and determine how different legal proceedings will affect one another. Depending on the circumstances, being involved in another legal proceeding may have a significant effect on that client’s bankruptcy petition.
What types of legal cases could my filing for bankruptcy have an impact on?
The following types of cases are common ones that a bankruptcy client may be involved in while also filing a bankruptcy petition.
- Family law – It is important for anyone filing for bankruptcy who is involved in a divorce or child custody proceeding that certain debts related to these types of cases cannot be included in their bankruptcy petition. Child support, alimony payments, and any other obligations that are ordered as part of a divorce or separation agreement are all considered non-dischargeable.
- Employment – If a person filing for bankruptcy has a claim against their employer, it must be listed on their bankruptcy petition before they file. Otherwise, the individual may be prevented from litigating their claim once the bankruptcy case is closed or may be forced to turn over the claim to the bankruptcy trustee, who may settle the case for less than it is worth.
- Lawsuits with lenders or contractors – A person with an affirmative claim against a mortgage holder or contractor must list the claim within their bankruptcy petition. Otherwise, they may be prevented from bringing the claim after the bankruptcy petition is filed, much like with an employment claim as described above.
Of course, there are many other cases where a pending or soon-to-be filed bankruptcy petition may be affected. These scenarios are more common and present ordinary issues that bankruptcy lawyers are prepared to address. Issues such as these are important reminders that while the bankruptcy process may seem straightforward, in many cases, it is not. It takes an experienced professional to ensure the bankruptcy process runs smoothly and effectively in order to get a positive result for the petitioner.
Contact Our Firm for Help
Of course, being involved in another legal proceeding is not the only reason that hiring a Harrisonburg bankruptcy lawyer to handle your case is beneficial to you. The bankruptcy process can quickly become overwhelming and confusing for those not familiar with it, no matter how simple you think your case may be. If you are experiencing financial hardship and are considering bankruptcy for debt relief, the legal team at MartinWren, P.C. can help you. Contact us today to schedule a consultation.