Are you about to undergo bankruptcy? Not sure what to expect in this next stage of the process? If so, then you need a bankruptcy lawyer to help you out.
They do their job inside and outside of the courtroom. Inside, they’ll be the ones filing all necessary bankruptcy documents for you and your family. Outside, they’ll be advising you on different ways to get rid of your debt and pay back those you owe money to.
In other words: they’re an essential piece to the puzzle. See below for several reasons why you need a bankruptcy attorney if you’re about to undergo this life-altering event.
1. One Less Thing on Your Plate
Bankruptcy is one of the most stressful things that you’ll go through in your entire life. It has so many different moving pieces that you’ll find it difficult to keep up with on your own.
Having a bankruptcy attorney will give you something that nothing else can offer during this hectic time: peace of mind.
Not only can they help you claw your way out of the financial mess that you might find yourself in, but they will also give you instructions every step of the process.
They can help you understand each phase of bankruptcy, what it means, and how to get out of that stage as unscathed as possible.
Without one, you’ll be second-guessing every decision and wonder if you made the correct steps to appease those you owe money to. With a bankruptcy lawyer on your side, that will never be a concern.
2. Frequent Communication
As previously mentioned, there are many different stages and types of bankruptcies that you might go through.
These stages cover things like filing the bankruptcy, having a creditor’s meeting, undergoing a debtor education course, notice of discharge, and so forth.
If you choose to go down this route alone, then you’re the one responsible for remembering and getting through each phase. If you so much as miss a bankruptcy payment, then your entire bankruptcy may get dismissed.
By having a bankruptcy lawyer on your side, you have someone that’s overseeing each stage and constantly communicating the next steps to you.
They will explain each step, remind you of it, and ensure that you comply with each payment that you need to make. That way, you no longer risk your bankruptcy being terminated.
Any time that you have questions about the process (you will have several!), your bankruptcy attorney is only a phone call, email, or text message away.
3. Security from Creditors
Once you announce that you’re filing bankruptcy, all of the creditors that you owe a debt to will come calling. They all want to try and scare you into paying them back.
The bankruptcy attorney not only gives you advice for complicated legal matters but also protects you from potential harassment from your creditors. If the debt collectors want to get to you, they will have to go through your bankruptcy attorney first.
If any of the collection agencies act out of line, then your reputable attorney will take action. They’ll also help you understand what actions from a creditor are against legal rules so that you can self-identify any time a creditor harasses you.
Be sure to reach out to TL Brown Law Firm to get a trustworthy bankruptcy attorney on your side. That way, you’ll get the education and experience that you need on your side.
4. In-Depth Analysis of Your Options
Often, people consider filing for bankruptcy because they feel as if they have no other options. They believe that their debt has pushed them into a corner with nowhere else to go.
Even when it seems like all hope is lost, there are always other options. An experienced bankruptcy attorney will be able to look at your situation and identify what options you have to choose from.
You might be surprised to find out that bankruptcy isn’t necessary. For example, a bankruptcy lawyer might suggest something like credit counseling, debt consolidation, selling certain assets, or reaching a debt settlement to give you more freedom.
Whatever those options look like, your lawyer can lay them all out for you and help you set up a plan of action to get your finances back on track.
5. No Mistakes in the Process
As you can probably already tell, the bankruptcy process is a fickle beast. One false move or mistake and the entire process can be terminated out from under you.
By hiring a bankruptcy attorney, you’re ensuring that your bankruptcy process becomes free of any errors. That way, there aren’t any fines, forfeitures, or risk of termination. The long process will go as smoothly as possible.
Make no mistake about it, there will be some difficult decisions ahead. In those times, your lawyer can be the voice of reason.
If it’s in your best interest to sell one of your assets to pay back a large sum of debt, they’ll have no issues bringing that idea to the table.
Hiring an attorney for this process also ensures that you don’t receive a call from the U.S. Department of Justice down the line. By having a lawyer oversee the process, you’re eliminating the risk of accidentally performing a felony.
Hire a Bankruptcy Lawyer for Your Situation Today
Now that you’ve seen several different reasons why it’s so crucial to hire a bankruptcy lawyer for your case, be sure to do so.
Take the time to meet with your new lawyer and go over all of your options. Ask as many questions as you can about which option is best and how it can help you financially recover.
Be sure to browse our website for more articles on bankruptcy, as well as many other topics that you might find helpful.
