If you have debt that you can't seem to pay off, you may be thinking about filing for bankruptcy. Getting rid of the majority of your unsecured debts is quite freeing. However, you may wonder if you should retain the services of an attorney or handle the matter yourself.
Here are a few reasons why you should work with a bankruptcy attorney.
Bankruptcy Paperwork Is Complicated
When you first look at all the paperwork you have to fill out for your bankruptcy, you may feel shocked and overwhelmed. Since these documents contain complex legal language, it is in your best interest to hire a bankruptcy attorney. He or she will make sure you do not make errors that could delay your case.
You Will Choose the Right Type of Bankruptcy
You have the option of filing for Chapter 7 or Chapter 13 bankruptcy. Both types of bankruptcies have their own advantages and disadvantages. A bankruptcy attorney will assess your unique situation and help you select the right type of bankruptcy to file.
You Will Not Receive Calls From Your Creditors Anymore
If you want to file for bankruptcy, chances are that you have several creditors calling you on a daily basis. When these creditors are demanding payment, it can make your situation even more stressful. If you have a bankruptcy attorney on your side, he or she will put a stop to these calls right away.
You Will Not Make Costly Mistakes
If this is your first time filing for bankruptcy, you may not be aware of all the laws. For example, you might not know that you can't transfer property into a relative's name before filing. A skilled bankruptcy attorney knows all the laws and will not let you make mistakes that could jeopardize your case.
You Can Save Money
At first, you might think that hiring a bankruptcy attorney is too expensive. After all, you have a lot of debt and do not have room for extra expenses. However, hiring a skilled attorney may help you save more money in the long run. A bankruptcy attorney can speed up the process and prevent you from making errors that could delay your case.
As you can see, there are a lot of benefits to hiring a bankruptcy attorney. If you want to file for bankruptcy, you should schedule a consultation with a qualified attorney as soon as possible.
Share28 January 2021
Many people assume that when they file Chapter 7 bankruptcy, they will have to give up their homes and other property. This is not necessarily the case. I am a bankruptcy attorney, and I have helped many clients file for Chapter 7 bankruptcy without giving up homes, cars, and other property. When you file for bankruptcy, the property you are allowed to keep depends on your individual circumstances and the state where you live. Most states allow exemption for property you are currently paying for. This blog will guide you through that information and help you determine if filing Chapter 7 bankruptcy is the right choice for you.
