In 2017 alone, over 740,000 bankruptcy petitions were filed by individuals with consumer-based debt. Filing for chapter 7 bankruptcy can be a great strategy for lessening the burden of debt, and it can remove the stress of constantly being hounded for payments. However, the process of filing for bankruptcy can be daunting, especially if you have no prior knowledge of how to file. This is where a chapter 7 bankruptcy attorney can help the most.
Why You Need a Bankruptcy Attorney
Trying to file for bankruptcy on your own can be just as stressful as living under the burden of debt. A professional debt negotiation attorney can help you better understand the process, as well as advise you on if a filing is best for you. They can also help you understand if chapter 7 or chapter 13 bankruptcy is best, as well as what each option entails.
Similarly, having an attorney on your side can also help boost your chances of having your filing accepted, and most importantly, receiving a discharge of your debt. While anyone can file, the amount of paperwork required can be difficult to navigate on your own, and if you fail to fill out the documents correctly, you could risk being rejected. For these reasons alone it’s best to get a professional on your side before you start doing anything.
What You Should Expect from Your Bankruptcy Attorney
Once you have found an attorney you would like to work with, it’s important to look at what you should expect from them. During your consultation be sure to look for and ask about these specific points so that you can be sure you’re getting the best attorney possible.
- Informed Legal Advice: Bankruptcy attorneys should be able to provide you with all the advice you will need throughout your filing. As an example, you should expect them to advise you on what options are best for you, or even if bankruptcy is your best course of action. You should also expect them to tell you about any potential complications, risks, or difficulties that might be involved in your filing. Additionally, your attorney should always respond promptly to any calls or emails if you have any questions about the process. Most importantly, your attorney should be able to explain the law and your particular facts so that you fully understand your options.
- Preparing and Filing Paperwork: Another thing that you should expect from your attorney is for them to prepare and file all necessary paperwork involved in your filing. While you provide your financial information, they should compile everything and check it to ensure the highest degree of accuracy. All of this helps to ensure that there are no delays in the process and a lower risk of rejection.
- Representation at Hearings: Additionally, you should expect your bankruptcy attorney to represent you during any hearings you have to attend. After filing, all debtors must attend a mandatory hearing known as the 341 meeting of creditors; however, additional hearings might be necessary depending on your case. During all of these, your attorney should be with you to help advise and represent you so that you get the best outcome possible.
If you are struggling under the weight of crushing debt, consider how bankruptcy may benefit you. If you would like more information or counsel on your unique situation, contact the Law Office of Larry P. Karandreas for a free consultation and get a lawyer who cares on your side today.