Filing for bankruptcy can be a very scary process. There are a number of elements to consider and a myriad of questions that need answering. If you’re like most consumers, you’ve probably turned to the internet to help answer those questions, and have walked away more confused than when you started. Enlisting the help of a bankruptcy attorney ensures you have a sound strategy going into the process and that you thoroughly understand your rights and options. But those aren’t the only advantages.
Understanding Your Options
Your first step is to determine if bankruptcy is the right choice for you and your family. You’ll then need to identify which chapter of the U.S. Bankruptcy Code is most appropriate for your unique situation. Your current financial position, as well as long and short-term goals, will play a factor in this decision. An attorney experienced in bankruptcy law can help you review those options and offer professional advice on your legal rights and the most effective means of resolving your outstanding debts.
Ensures a Smooth Filing Process
Once you’ve determined bankruptcy is your most viable option, you’ll need to file a petition. The filing process leaves no room for error; many consumer’s petitions are denied or dismissed for the simplest of errors. Your attorney will be with you every step of the way, protecting your interests and ensuring no errors occur during the bankruptcy and debt discharge process. Additionally, it’s their job to halt those harassing phone calls and defend you if you’re being threatened with foreclosure. Bankruptcy is an intimidating and complicated process. If you’re considering this next step in achieving financial freedom, enlist the help of a knowledgeable bankruptcy lawyer. They can help you understand the tax implications, long-term effects on your credit, and what’s required of you throughout the process. Remember, knowledge is power.