How Do You Defend Against An Involuntary Bankruptcy Petition?
If a person or business is in deep debt with creditors, bankruptcy can be filed against that individual or company. Sometimes, these charges are justified. In other cases, it is necessary to defend against involuntary bankruptcy petitions to avoid selling or giving up assets. Hire a bankruptcy lawyer to help defend you the day that you hear about the petition. If bankruptcy is being filed against your business, talk to your accountant about potential lawyers. Call your state’s bar association for help finding someone to defend a personal case. Gather up any supporting documents that prove the amount you owe, your net income and your expenses. If possible, try to break down your finances by month, since that’s the schedule many bankruptcy courts follow. Be sure that you have bank statements that prove your past payments to your creditors. File any complaints against your creditor within 20 days of receiving an involuntary bankruptcy petition. Sending in at least one objection will guara
