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Bankruptcy Process in New Hampshire

The bankruptcy process can be complex and confusing. It can be difficult to maneuver without the proper experience or guidance. It is important to understand the ever-evolving bankruptcy laws of New Hampshire and how those laws can affect your individual case. The Law Office of Joseph M. Annutto can be your resource for information, representation, and protection during the bankruptcy process.

The Bankruptcy Process

Understanding the process and knowing what to expect is half the battle when trying to decide if and what kind of bankruptcy may be right for your unique situation. The first step that is required before filing is credit counseling. This needs to be done six months prior to being able to file in New Hampshire. This is a way to help individuals and families get a handle on their financial situation and understand their position clearly.

What Type of Bankruptcy Do I Need?

The next step is to determine what type of bankruptcy may be best. A means test will be done. This determines if a person qualifies for Chapter 7 bankruptcy, the most common kind. A means test is the process of analyzing income and expenses to gauge where you are in comparison to the median income for New Hampshire. If you fall below the median, you can file for Chapter 7. If you are above the median level, Chapter 13 may be the best option. You may still qualify for Chapter 7 after a closer look into your unique situation.

After a means test narrows down what kind of bankruptcy for which you are qualified to file, the necessary paperwork needs to be gathered. This typically includes income statements, bank transactions, expenses, debts, tax returns, lists of property and deeds, and any paperwork pertaining to loans. Other documentation may be needed depending on the case.

This all opens the door to letting us help you file. Once you file, you can decide which property you wish to have declared exempt. We can help you fight for exemption for the assets and property you have worked to own. Then, a hearing before a judge will be set.

Experienced Bankruptcy Attorney Working For You!

It is important to understand the process and to have up-to-date and information. Far too many people try to navigate the bankruptcy process on their own and end up losing property they could have kept or filing for the wrong type of bankruptcy. Our firm will take the time to understand how you have gotten to where you are and we will find how best to help you. The Law Office of Joseph M. Annutto understands no one wants to be in this position. We will explain the process in terms you understand and get the process started with the compassion and honestly you need and deserve.