Learning About Bankruptcy Proceedings

3 Things A Bankruptcy Law Attorney Will Do For You When Filing For Bankruptcy

by Seth Beck

Filing for bankruptcy could help you get out of your current financial crisis. However, the filing process is quite arduous. For this reason, you shouldn't try to handle it alone because you may make costly mistakes, complicating the situation. The process usually involves getting the right application documents or forms and filling in personal information before submitting them. And since it's usually a sensitive process, you should hire an attorney who understands bankruptcy law to help you through. Here are three things a bankruptcy lawyer will do for you when filing for bankruptcy.

They Help You Handle Paperwork

The kind of paperwork involved when filing for bankruptcy is a bit sensitive and tedious. So you must ensure you fill out all the documents properly. Making mistakes or a failure to use the right forms when filling them out has dire consequences. However, the process is seamless and error-free when a bankruptcy law attorney is involved because they know the loopholes or mistakes to avoid. The legal representative is familiar with the filing process, so they know all the documents you need and how they should be filled out. They also recheck them to ensure they meet all the legal requirements before submitting them.

They Offer Sound Advice

Filing for bankruptcy is a good idea, but you must be cautious to avoid problems. Many people file for bankruptcy to escape their financial woes but don't always choose the most suitable option. Chapter 13 might be a more appropriate option than Chapter 7, though this mainly depends on your current circumstances. However, you may not know it if you don't seek advice from a bankruptcy law attorney. The attorney assesses your financial situation and helps you make an appropriate choice. Either of the two options could be a solution, but you must first figure out if it perfectly suits your goals.

They Represent You During Hearings

In most cases, your assets and debts are analyzed when filing for bankruptcy to assess the genuineness of your situation. So you are expected to meet with the bankruptcy trustee members or officials for the assessment. Your creditors are usually asked to attend the meeting because their opinions or views matter a lot in your case. You could be required to attend other proceedings or hearings if your case is a bit complex. In such cases, things might get tougher on your side if you don't have a bankruptcy lawyer to represent you. They know what happens in these meetings and how you should respond to the questions asked.