Debt Consolidation and Credit Card Counseling

Bankruptcy attorneys know more about the law than you do

A bankruptcy filing is not an easy thing to do. It’s the last resort of someone who has been in financial trouble for years and it’s a difficult admission that the problems have become so difficult that they cannot be overcome. That said, it is not a trivial matter to file for bankruptcy and it is generally not something that should be done by a consumer with no legal experience. 

The bankruptcy laws have changed recently, making a declaration of insolvency even more complicated than ever before. What used to be a simple filing under Chapter 7 of the Federal Bankruptcy Code may or may not be that simple today. Filers who qualified for that before may not qualify now. In short, the person who decides that he or she can file for themselves may find out that they have submitted incorrect paperwork and may find their case thrown out of court or delayed unnecessarily.

The obvious solution to this problem is to hire an attorney to take care of it for you. There are certainly plenty of capable, experienced attorneys who specialize in bankruptcy law and they can help you file your best, and most efficient, case before the court.

• True, lawyers are expensive and since the new law took effect, more difficult to hire than ever. But that shouldn’t discourage you, as they can probably save you more money than they will cost. Here are a few areas where having an attorney present can help:
• They can protect you from paperwork mistakes. The new law actually holds attorneys liable for the information their clients submit in bankruptcy court, so any lawyer you hire will make doubly sure that the information you provide is correct. Double checking can only help you.
• They know more about the law than you do. It’s their job to know about bankruptcy law, including any changes to the process that may have been made recently. The last thing you want is to have your case thrown out over some technicality you didn’t know about.

They can probably protect you from your creditors. Your creditors may, by law, call you to try to get you to pay them. Your lawyer knows more than you do about how the law affects the ability of your creditors to contact you. At the very least, you can get the creditors off of the phone by telling them that you have hired an attorney and that you would prefer that they call him or her instead. Alternatively, you can have your attorney call your creditors. Either way, you should get a bit more breathing room this way.

Getting legal assistance is vital when you are about to declare that you are financially unable to meet any of your obligations. You don’t want to make any mistakes that will continue to haunt you for the next decade and the only way to be sure is to hire the services of a professional.

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