A bankruptcy attorney is someone who can assist you with the financial process of eliminating debt. They can help you file the necessary paperwork, negotiate balances and collateral values with creditors, and stop annoying debt collectors from harassing you.
You can technically file for bankruptcy without a lawyer, but it could cost you in the long run. Here are four reasons why you should consider hiring one:
- They are experienced
It's important to work with a bankruptcy attorney who knows what she or he is doing. This is because filing for bankruptcy is a complex legal process and it can have long-term financial consequences.
To start, you should ask the attorney about their experience and how many bankruptcy cases they have handled. Also, find out if they practice in your jurisdiction. Moreover, make sure the lawyer is familiar with the local bankruptcy laws and judges.
You should also look at the attorney's reputation by examining their reviews on Avvo and Martindale-Hubbell. In addition, search for the attorney on your state or local bar association website to see if they have any disciplinary records. Also, you should inquire about the fees that are associated with a bankruptcy case.
- They are knowledgeable
The most common reason to hire a bankruptcy attorney is to have someone knowledgeable to guide you through the complex paperwork process. The process of filing for bankruptcy involves answering many questions about your finances and assets. These questions are typically asked under oath, so untruthful answers could land you in serious legal trouble.
Bankruptcy attorneys are also skilled negotiators who can help you resolve your financial issues through less drastic measures like debt settlement or a repayment plan. This can save you time, money and stress while helping you get back on your feet financially.
To find a qualified bankruptcy attorney, start by making a list of potential candidates in your area. Then, check their qualifications by visiting their websites and looking for references.
- They are committed
Bankruptcy attorneys understand that people file for bankruptcy for all sorts of reasons. They do not judge the reason behind your filing, but instead work with you to get you back on your feet financially.
Throughout the process, they communicate with creditors on your behalf to stop the
harassment and make debt payments, if applicable. They also help to protect your assets by ensuring that all paperwork is completed properly and accurately. This includes attending meetings with the trustees, which require that you disclose all of your assets and debts.
They are familiar with the questions that trustees will ask and have the knowledge to answer them in a professional manner. This will save you the stress, anxiety and expense of having to attend such meetings without legal representation.
- They are dependable
A good Harrisburg PA bankruptcy attorney will protect you from creditor harassment and find a way to free you from your debt obligations. They will also explain the process and laws involved in filing bankruptcy so you can make informed decisions. They will also be able to respond to any questions and concerns that you may have during the process.
Bankruptcy is a complicated process that requires specialized knowledge of the law. While it is permissible to file bankruptcy without a lawyer, statistics show that individuals who do so have a much lower success rate than those who hire an attorney. Also, bankruptcy paperwork is incredibly detailed and only an attorney can provide legal advice about the contents of that paperwork. Beware of so-called “bankruptcy mills” that use an assembly-line approach to their clients’ cases.
- They are affordable
It is important to be honest with your bankruptcy attorney when it comes to the amount of debt you owe and who you owe it to. They will ask you for documentation such as billing statements, pay stubs, and tax returns. The more honest you are, the better advice they can give you.
A good bankruptcy lawyer can help you save money by filing for bankruptcy in the most efficient way possible. They can also save you from making costly mistakes like hiding assets or lying in court.
Some attorneys provide legal services to low-income clients pro bono (free of charge or at a reduced rate). You may also be eligible for free or affordable bankruptcy help through your local court or a legal aid society. Some law schools also offer free clinics where you can get legal assistance.
