People file for bankruptcy when they are under burdensome debt, and once the bankruptcy case finalizes they feel a great sense of relief. But filing out the bankruptcy forms and going through the whole process can be unnerving.
Hiring a bankruptcy lawyer can save you the trouble. You do not necessarily have to hire an attorney, representing yourself might even save you a few bucks. However, filing for bankruptcy without having professional help on board isn’t always a good idea.
Hiring an accomplished lawyer will benefit you in several different ways, the biggest benefit is that the experienced lawyer will be quick to recognize potential issues. And thereby, an attorney will plan your case accordingly. Furthermore, a bankruptcy attorney will take care of the paperwork.
Now, you may be wondering how can a bankruptcy lawyer help you? What does a bankruptcy lawyer do? To answer your questions, we have listed down some of the services you can expect to get from a bankruptcy lawyer.
Competency And Adequate Knowledge:
Even though bankruptcy cases are not too complicated, they aren’t all easy either. Your bankruptcy lawyer will have the skills necessary to handle your case. Your lawyer’s knowledge and competency will benefit you.
However, before hiring an attorney, understanding your case is pivotal. Generally, The difficulty of bankruptcy depends on :
- If you have filed for Chapter 7 or Chapter 13 bankruptcy.
- Whether you have filed for an asset or no-asset bankruptcy case (if any of your property will be sold by the bankruptcy trustee)
- If you are a small business owner
- The overall facts of your case
- The degree of involvement of bankruptcy litigation.
Get Sound And Legal Advice
An attorney will help you decide which type of bankruptcy should you file. Your lawyer will lay out a plan and educate you about the different goals and purposes of chapter 7 and chapter 13. Your lawyer’s job will be to give you competent advice throughout the process.
The retainer agreement will summarise all of the services your bankruptcy lawyer will provide. Your attorney will explain and prepare you for what’s ahead, so you should expect your lawyer to answer your calls and emails if you have any questions.
Prepare and File Your Paperwork
Filing for bankruptcy is a tiring process. It requires you to fill a hundred lengthy packet of forms. But an attorney can make things easier for you. The majority of bankruptcy lawyers have specialized software that files and prepares the paperwork required for your case with the court.
Your attorney will ask for your financial information, such as assets, income, expenses, and debt. This information will be used to prepare your paperwork and official forms. They will go over the finalized paperwork in your presence to make sure it is accurate.
All in all, bankruptcy lawyers help their clients to take full advantage of their fresh start. You can contact Michael H. Schwartz, P.C. – Bankruptcy lawyer to make sure your case gets through the process smoothly.