WHY IS IT IMPORTANT TO HAVE A BANKRUPTCY ATTORNEY

 

Why Is It Important To Have A Bankruptcy Lawyer?

 

When it comes to bankruptcy proceedings, you are under no obligation to hire a lawyer to help you prepare your bankruptcy filings or to help you through your bankruptcy proceeding. But it is important to be advised that having a lawyer with experience handling bankruptcy law cases is going to be to your benefit. Bankruptcy law can be very complicated, dense, and meticulous (meaning that the rules have to be followed precisely). The average person who has no experience filing for bankruptcy can get lost and confused in bankruptcy law very quickly.

 

While the idea of hiring a lawyer when you are considering filing for bankruptcy might seem ridiculous (presumably since you feel like you have no disposable income to pay an attorney with), the costs associated with not hiring a bankruptcy lawyer might outweigh the potential cost savings of not hiring a lawyer.

 

If you take on your bankruptcy on your own, you need to understand that it will take a lot of time to research what you are doing and learn about how to complete forms and make filings correctly. You will have to try and develop an understanding of bankruptcy law, and mistakes can cause you serious problems in your bankruptcy proceeding. For instance, missing a deadline could bar your case or could damage your position.

 

Hiring a lawyer might be expensive, especially in a time when money is tight, but the value you can get from working with a qualified and experienced bankruptcy lawyer can be well worth it. This is especially true if your bankruptcy is complicated, you have a number of assets that either you want to protect or are legally protected from bankruptcy, or if you don’t have a firm understanding of your finances or of finance in general. If you are uncomfortable, or feel overwhelmed by the prospect of handling your own bankruptcy case, you should strongly consider hiring a bankruptcy lawyer.

 

Why Would A Bankruptcy Lawyer Be Beneficial For Me?

 

A bankruptcy lawyer is going to know the law inside and out. He or she will be able to review your situation, and evaluate it for what legal options are available to you. When your situation warrants a choice in how you can proceed (say, for example, you qualify to file for Chapter 7 or Chapter 13, but you must choose one or the other), your lawyer can apprise you of the pros and cons associated with each of your legal options and can provide legal guidance on how to proceed based on your specific circumstances.

 

Your lawyer will know:

 

  • How to complete your bankruptcy forms and how to file them,
  • What additional information and documents you need to provide to the court,
  • How to navigate through any potential pitfalls that might be present in your case, and
  • How to represent you in your bankruptcy proceeding from start to finish.

 

If you are interested in speaking with a bankruptcy lawyer about your situation, please contact an experienced bankruptcy lawyer at the Hathaway Law Center.

 

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