Question:
The year 2008 brought regarding a financial collapse in the US that impacted citizens and caused an increase in bankruptcy and foreclosures filings. In 2009, your neighbor, Freddy is considering filing for bankruptcy after he lost his job and was unable to give the payments on his home. Freddy is appealing to you for your suggestion. He doesn't even know what bankruptcy is. Sit down with Freddy and show the subsequent:
Exactly what is bankruptcy and what are the choices available to him in view of his situation.
What does Freddy have to expect in court. What kind of relief is required to him and what can he expect from the judge.
Does Freddy need a lawyer and if so what can the lawyer do for him or can he handle this entire situation himself?