Hire a Bankruptcy Attorney?
Individuals filing for bankruptcy have the right to do so without an attorney. If your case is straightforward, representing yourself might save you fees. However, it isn’t always a good idea. Filing without an attorney could cost you more than you’d save doing it yourself.
Why a Bankruptcy Attorney is Worth the money
The biggest benefit to you is that an experienced attorney quickly recognizes any potential issues that could arise during your case and will plan accordingly. Here’s some examples of the value a qualified bankruptcy counselor will bring to the table for you.
- Consider alternatives to bankruptcy. Bankruptcy might not be the only way to achieve financial peace. If bankruptcy is not the best choice, your attorney will suggest an appropriate bankruptcy alternative.
- Decide which type of bankruptcy to file. Different types accomplish different goals and serve different purposes. Your attorney will carefully consider your wants and needs and will recommend a course of action to help you achieve your goals.
- Bankruptcy Counselors will understand how to use any special circumstances you present and advise accordingly.
- Value assets. Do you know how to put a value on your assets? Your lawyer will make sure that you disclose and value your assets realistically and properly.
During Your Bankruptcy:
- Complete all the appropriate paperwork.Your attorney will know what you must disclose, information about assets you might have, income (if any), your expenses, and a host of other issues.
- Bankruptcy counselors will guide you through your case. Your attorney will explain and prepare you for what's ahead.
- Provide accurate and complete testimony. Your attorney will guide you so your testimony is correct and complete.
- Negotiate with your creditors (if necessary). Depending on the type of bankruptcy you have filed, some attorneys’ can negotiatewith your creditors to achieve the best possible outcome for you.
Rebuilding your credit after bankruptcy
Bankruptcy counselors are good at making sure that your case gets through the process smoothly, thereby allowing you to take full advantage of your fresh start. If anything occurs afterward that needs attention, you have someone that can lean on.
Ask your attorney if they provide you with guidance on rebuilding credit. If so, they can give you a helping hand after your case comes to a close.
Disclaimer: While every effort has been made to ensure the accuracy of this article, it is not intended to provide legal advice as individual situations will differ and should be discussed with an expert and/or lawyer.
For all questions regarding your specific circumstance, call an experienced bankruptcy attorney in our directory today - Http://www.Bankruptcycounselors.net/