Bankruptcy Attorney in Baton Rouge

In 2016, Louisiana had the third-highest bankruptcy rate in the United States and many of those were in Baton Rouge. Many residents in Baton Rouge are in a constant battle with debt and considering bankruptcy as a solution to their financial problems.

Although bankruptcy could resolve your problems, it’s not an issue to be taken lightly. You should speak with a bankruptcy attorney in Baton Rouge to learn whether or not bankruptcy is right for you. The bankruptcy lawyers at Murray & Murray will advise you on your options and handle the bankruptcy process. Our law firm in Baton Rouge has been proudly assisting our clients with their financial concerns for years. Our practice areas include Chapter 11, Chapter 13 and Chapter 7 bankruptcy. Talk to one of our bankruptcy lawyers today.

Bankruptcy Laws in Baton Rouge

Conference Room

Although bankruptcy is a federal issue, if you’re in Baton Rouge,  there are some Louisiana state laws that will apply to your case. Before learning about those laws, you should understand the two most common types of bankruptcy.

First, there’s the Chapter 7 bankruptcy. This type of bankruptcy tends to be more popular among Baton Rouge residents. With a Chapter 7 bankruptcy, you can eliminate most kinds of debt without having to pay it back. You will emerge from a Chapter 7 bankruptcy free of all but your non-dischargeable debt, which is why bankruptcy lawyers often refer to Chapter 7 as a “fresh start bankruptcy.”

Secondly, there’s Chapter 13. If you are late on your mortgage or business payments and want to keep your property in your hands, you should consider a Chapter 13. It’s also a common option for those who make too much money to qualify for Chapter 7 bankruptcy or have non-dischargeable debt. In some cases, it can prevent foreclosures in Baton Rouge. With Chapter 13, you bankruptcy lawyers present a payment plan to the courts, and as long as you adhere to that schedule, you can later emerge from bankruptcy relatively unscathed.

Exemption Laws

Every state has unique laws regarding the various exemptions. Our experienced Baton Rouge bankruptcy lawyers will be able to tell you more about the following exemptions:

1.Homestead Exemption

This is for up to $35,000 on a property as large as five acres in city limits. If the property is outside of city limits, the maximum acreage is 200. 

2.Personal Property

There is a personal property exemption on certain goods, furniture, and pets. Additionally, there is an exemption of $5,000 on wedding and engagement rings and $2,500 on firearms. Your car has an exemption of $7,500.

3.Pension and Retirement

All of your pension and retirement funds are completely exempt.

4.Wages

As far as your wages go, you get an exemption of either 75% of your earnings or 30 times the minimum wage. You receive whichever value is greater. 

Baton Rouge Bankruptcy FAQ

Check out this FAQ list to answer all of your questions about the process.

How Long Does Bankruptcy in Baton Rouge Take?

Typically, the process takes about three or four months for you to emerge from Chapter 7 bankruptcy. However, certain issues may extend that timeline. If you hire aggressive bankruptcy attorneys in Baton Rouge, they’ll work hard to rapidly resolve your case. With Chapter 13 bankruptcy,  your bankruptcy lawyers develop a three to five year plan. 

Do You Need an Attorney to File?

While the law does not require you to work with bankruptcy lawyers when filing, you will benefit from having one. The process is complex and could significantly impact your financial future. 

Does Filing for Bankruptcy Vary by State?

It’s worth mentioning that bankruptcy is a federal process and relies on federal laws. However, your state laws matter. The exemptions in Louisiana may greatly affect the outcome of your case.

Before you decide to follow through with bankruptcy, you should speak with one of the more experienced bankruptcy lawyers in Baton Rouge. They can explain about how state laws will impact you. Call the Baton Rouge law firm of Murray & Murray.

What does a bankruptcy lawyer do?

Baton Rouge bankruptcy lawyers can help you navigate all of the federal and state guidelines that can be very confusing. While searching for a bankruptcy lawyer to support your Chapter 13 or Chapter 7 bankruptcy case, you want to look for expertise, professionalism, a fair price, and communication practices that match your own. To locate Baton Rouge bankruptcy lawyers you can ask friends, family members, or for a referral from your own attorney. The bankruptcy lawyers at our Baton Rouge law firm have an unparalleled reputation for service. Come speak to us about your financial dilemma. 

How can I find bankruptcy attorneys in Baton Rouge?

If you’re interested in finding the right Baton Rouge law firm to represent you in a Chapter 7 bankruptcy, then here are some resources that can support your search:

  • The American Bar Association website lists bankruptcy lawyers and law firms for all practice areas that meet their standards. The ABA site lets you screen all the results to find bankruptcy lawyers. 
  • The National Association of Consumer Bankruptcy Attorneys exclusively lists bankruptcy attorneys and is dedicated to supporting consumers and attorneys through their Chapter 7 bankruptcy process.  The NACBA has lenient membership criteria so it’s important to check the reputation of all the law firms you encounter before hiring bankruptcy attorneys. 

How can I hire bankruptcy lawyers to represent my case?

First, you’ll want to contact bankruptcy lawyers who seem qualified and arrange a free consultation. Lots of bankruptcy lawyers in Baton Rouge offer free consultations and some may charge a fee of $30 per hour or more. You won’t be able to assume the quality of your future bankruptcy lawyer based on their fees and meeting with free attorneys can help you get more comfortable asking the right questions like these:

  • What expertise do you or your law firm have that can help my financial situation?
  • What are your fees and what do they cover?
  • How can your law firm make my Chapter 7 bankruptcy as comfortable as possible?

Why should I work with an attorney with Chapter 7 bankruptcy expertise?

The Chapter 7 bankruptcy code requires a deeper level of understanding and is a specialized practice area. Each state has its own Chapter 7 bankruptcy codes in addition to the federal codes. Louisiana Bankruptcy isn’t the same as California Bankruptcy. It wouldn’t be in your best interest to see an eye doctor for a toothache just like it wouldn’t be in your best interest to work with a defense attorney while you file for Chapter 7 bankruptcy. 

When you’re consulting with Chapter 7 bankruptcy lawyer candidates, ask them what types of specializations they have with bankruptcy. You can also inquire if they have bankruptcy certification from the American Board of Certifications, proving that they have an adept understanding of Chapter 7 bankruptcy as well as Chapter 13. You can also check to see if they’re affiliated with the NACBA. More importantly, ask them how many Chapter 7 bankruptcy code cases they’ve handled and how many Chapter 13 bankruptcies they’ve filed. Keep in mind that adept attorneys know that there are other options besides bankruptcy and they’ll discuss alternative options with you as well. 

How much does a bankruptcy lawyer charge? 

There is no definitive value that all bankruptcy attorneys have to charge, so it will vary case by case. A bankruptcy attorney in New Orleans may have completely different fees than one in Baton Rouge. Chapter 13 bankruptcy cases tend to be a bit more intricate so they’re more expensive.  The more complicated your case the more expensive it will be. People can pay anywhere between $500 to $2500 so it’s important to meet with different Baton Rouge bankruptcy attorneys and compare prices and services. 

Each bankruptcy case is very unique and you’ll want to choose a particular lawyer based on what you have to gain or lose. If you don’t have many assets, then you may not need the most expensive attorney but if you have a lot to lose that could alter the trajectory of your quality of life, then you want someone with experience and influence to represent you. 

How will I know I chose the right bankruptcy lawyer?

Getting the best deal for your financial situation during your bankruptcy is not going to be easy. It’s going to require lots of difficult conversations between you,  your attorney, and the law firm. Having open and clear communication is going to be of utmost importance to being properly represented in your case. An attorney that is honest, firm, yet welcoming and understanding will be able to help you process your bankruptcy as smoothly as possible. 

Full Service Law Firm – Baton Rouge

The bankruptcy lawyers at the Baton Rouge law firm of Murray & Murray, LLC have been representing clients in Chapter 7, Chapter 13, and the less common Chapter 11 bankruptcies for years. When you contact our office, you will speak with a designated attorney about your case. We will walk you through your finances and help you decide which chapter you should file under. Located in the state capital of Baton Rouge, the law firm of Murray & Murray, LLC can help you through these difficult times.

Related Practice Areas

Other Practice Areas