If you are wondering why you want a lawyer when filing for bankruptcy,the process can be more complex and time consuming than many people first think. An experienced lawyer can guide you through the process and eliminate much of the stress and confusion.
One reason a bankruptcy lawyer can help you is by advising you which type of bankruptcy is best for your personal financial situation. There are actually several types,and most individuals opt for Chapter 7 or Chapter 13. And you may have other options that avoid having to file bankruptcy,such as consolidating your debts,and an attorney can advise you which of these options might be best for you.
Filing for bankruptcy involves plenty of often confusing paperwork,as well as gathering together various financial information and records,and your attorney’s role is to guide you through the often complicated process. Your lawyer will file the required paperwork with the court and represent you at any hearing; they will also meet with your creditors and negotiate with them so that you don’t have to and will also do everything possible to help you keep your home. And your attorney will make a point of being familiar with the bankruptcy rules and regulations in your state.
It’s actually possible to file for bankruptcy without the assistance of an attorney,but if the process isn’t handled correctly,it can lead to complications and slow down the overall process. Having the expertise of an attorney means that every step is handled correctly,and the end result is what you want it to be. Filing for bankruptcy is a huge financial step,and can affect your credit score and the rest of your life for several years. It’s not something you want to take on without proper expertise and guidance.