When you’re facing bankruptcy, the last thing you want to do is add additional expenses to your current debt. Many people are afraid to talk to a bankruptcy attorney, assuming it’s going to cost them a lot of money that they don’t have. And while it is going to cost you something to get adequate representation, the bankruptcy attorney you hire might make your bankruptcy go more smoothly, quickly, and successfully than it would if you attempt to file for bankruptcy on your own. Here are some of the top reasons why people hire bankruptcy attorneys.
Getting Experienced Help
The top reason why a bankruptcy attorney is a good idea is that they have experience. Nobody does their best job at anything the first time they try, and counting on beginners luck when you are going through a bankruptcy is not a legitimate strategy. Bankruptcy isn’t just a matter of filing some paperwork and giving up your debt along with your assets. You may qualify for Chapter 7 bankruptcy, or you may qualify for Chapter 11 or 13 bankruptcy. Each type of bankruptcy is going to change the way your debt is re-shuffled and forgiven, and what you lose in terms of assets.
A bankruptcy attorney will be able to look over your financial situation and determine what you best move will be. They will look into the availability of different solutions besides bankruptcy, and then they will decide just what type of bankruptcy makes sense in your case. With all that in mind, you will go forward with the process fully aware of what to expect, because your bankruptcy attorney has been here before.
An Ally with Knowledge
Another great reason to hire a bankruptcy attorney is to ensure that while going through this difficult process, you have an ally who can truly help you. Friends or family members may be supportive, but they don’t always give the best advice, especially if they aren’t experienced with bankruptcy. And many people don’t want to share their bankruptcy with everyone they know. But it is very good to have someone who essentially plays the start player on your team, dealing with the difficult side of things, managing paperwork, and ensuring that you do everything you need to do to get things rolling quickly.
Most people who file for bankruptcy hire a bankruptcy attorney, but too many do so late in the game. Don’t wait, find a bankruptcy attorney today who can help you with your bankruptcy.
North & Associates, PC offers their clients the option of evening and weekend consultations, allowing for the flexibility that people need when facing a difficult situation like meeting with a bankruptcy attorney.