No one desires to file for bankruptcy. But circumstances in life can make it necessary for some people to do so. Filing for bankruptcy is a way to find relief from insurmountable debt and stress. But the process itself is not that simple. There are numerous legal steps and paperwork to take care of and you need to do everything right. For these reasons and more, it can be extremely helpful to hire a bankruptcy lawyer.
Given below are some solid reasons to go to a bankruptcy law firm.
Counseling and Guidance
One of the foremost reasons to visit a bankruptcy law firm is to seek expert counseling for your specific situation. Bankruptcy cases can range from simple to extremely complicated. Even simpler cases involve a lot of work. So, seeking counseling from an expert lawyer is not only helpful bur rather essential.
Without proper knowledge of bankruptcy law and how the legal process about it works, it is simply not possible to file the petition and take all the steps necessary for the case. The nature of your business, the number of properties you own, and the kind of bankruptcy you need to file (Chapter 13 or Chapter 7) are some of the factors that can determine how your case needs to proceed. These factors will also determine how easy or complicated your case is likely to get.
If you need the guidance of a bankruptcy lawyer then look for a reputed law firm in your local area. Use online searches with keywords such as bankruptcy law firm near me to find the expert and experienced lawyers in your area. Schedule a free consulting session with them to know how they can help you file for the bankruptcy.
Assistance with Paperwork
The amount of paperwork for bankruptcy cases can be huge. A bankruptcy lawyer will obtain the necessary information from you to draft the essential paperwork for your petition. Law firms use specialized software to prepare paperwork for their clients. Any error in drafting the paperwork can delay or derail your case. The judge can even dismiss your case. Delays can cause more hassle and stress for you. If you fail to disclose all assets or list the properties properly in their specific categories then there can be delays with your case.
You will need to submit several documents with your bankruptcy petition. There are so many things that can go wrong with bankruptcy petition paperwork. So, hiring a lawyer can be extremely helpful for you.
Handle the Creditors on your Behalf
Creditors can make your life difficult while you are dealing with financial stress and the hassle for filing for bankruptcy. When you have legal representation, you can ask your lawyer to handle such calls. Not all creditors are polite. Some can even threaten or bully you. Your bankruptcy lawyer can ease the burden of handling such calls on you.
Representation at Hearings
Hearings are a part of all types of bankruptcy cases. The number of hearings you will need to attend will depend on your case. There are some mandatory hearings. Then there can be objection or motion hearings that you or your lawyer will want to file. Your trustee or creditors can also file objection or motion hearings, which you will need to attend.
Offering you Peace of Mind
Your bankruptcy lawyer can ease your stress with their expert knowledge and experience. Your lawyer can guide you about the next steps to take. There is a lot to handle between multiple creditors, their representatives, trustees, and the court. It is easy to make errors when there is a lot of communication between you and these parties. But you cannot afford to make errors when dealing with bankruptcy cases. But with a lawyer by your side, you can rest easy that you will have the guidance to take the right steps. Your lawyer will keep you informed about the progress of your case. It will help you to feel at ease. Uncertainties about bankruptcy cases can make you extremely tense. But you can bypass such stress with the help of your bankruptcy lawyer.