Wednesday, October 24, 2012

Working Smarter: How and Why a Good Bankruptcy Attorney is a Good Decision

When you are in a cycle of debt with no end in sight, bankruptcy might be your only option.
You can eliminate your debt and have a fresh start. In order to make sure that the bankruptcy process goes as smoothly as possible, it is essential that you hire a bankruptcy attorney. There are several reasons why an attorney is important to have by your side. A bankruptcy attorney will:

Protect you against creditors: A bankruptcy attorney can be the mediator and negotiator with your creditors. After you file for bankruptcy, the collection calls should stop; however, your creditors could file a bankruptcy petition. A lawyer can help protect your rights and get the creditors off of your back. In some cases, the creditors will ask for a meeting to discuss the situation. They will ask you numerous questions about your finances, so you need an experienced bankruptcy attorney to help you will the inquiries. With some types of bankruptcy, you will be protected by an Automatic Stay court order. This will put a stop to collections, foreclosure proceedings, lawsuits, repossession and wage garnishments. An attorney will make sure the law is not violated.

Help you understand the bankruptcy laws: Bankruptcy laws can be complicated, so you will need a lawyer to explain the situation to you. Your lawyer will help you know what chapter of bankruptcy is right for you, and will help you through the process. Chapter 7, 11 and 13 are the three most common forms of bankruptcy. Bankruptcy laws vary among states, so a bankruptcy attorney can help you understand the laws in your state. An attorney will help you know the qualifications for each type of bankruptcy, and will tell you what documentation you will need. Before you even consider filing for bankruptcy, you need to be familiar with the laws to make sure bankruptcy is your best option. You want to know exactly what you are facing and the consequences of your decision.

Allow you to relax and leave the details to the experts: Bankruptcy is a very stressful and traumatic experience. By having a bankruptcy attorney, you will not have to worry about what to do. An attorney will give you advice and tell you how to handle each situation. Your attorney will answer any questions that you have, and give you emotional support through this difficult time in your life. If you do not have a bankruptcy attorney, you will spend a lot of time fretting and worrying. An attorney can help reduce your stress level, so you can concentrate on other things. You need to find a reputable and trusted attorney, so you can feel confident that your case is in good hands. A lawyer will help give you peace of mind that things are under control.

You do not want to face bankruptcy without an experienced bankruptcy lawyer by your side. Most attorneys offer free consultations, and you can make an appointment to discuss your case with a lawyer. If bankruptcy is your best option, an attorney will help you complete the paperwork, so this painful situation is in the past.


Biljana is an online writer, exploring and publishing useful advice on personal finance and bankruptcy matters in Australia, USA, and worldwide. Biljana has received a complimentary copy of Robin's e-book Guide to Formatting and Writing Letters in appreciation of her contribution.

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1 comment:

  1. This is sound advice in today's troubled financial times.


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