When filing for bankruptcy, you need to make sure you do everything correctly. Filing the wrong paperwork can lead to a disruption in your case or having to complete an Amendment Form. You also may still have creditors after you even as you file, which can lead to stress or pressure to pay off certain debts at the last minute. A bankruptcy attorney can be helpful to you in many ways. Here are 3 reasons to hire a bankruptcy lawyer.
As you file for bankruptcy, creditors need to be alerted of your financial intentions so they know you are filing bankruptcy. Many creditors take this as a message that they will never be repaid, and may do things to try to pressure you into sending them money. Some creditors, knowing the stress you are under, may try to sue you for the money you owe them before your papers are officially filed and they have to adhere to court-ordered rules to leave you alone. Your lawyer can work with your creditors directly to keep them off your back as you file for bankruptcy so you can stay focused on your current financial situation.
When you file for bankruptcy, you must make all your belongings known, including your house, your car, any expensive equipment you have (boats, 4-wheelers, and other items), and all your current debt. Your bankruptcy attorney is there to help protect your belongings so they are not forfeited during the process. You want to make sure you can keep as many of your belongings as possible, and if you have to sell anything, you also want to make sure the money goes toward your debt so your bankruptcy can be completed successfully. Your lawyer can make sure you include all your things when filing.
Paperwork and court proceedings
If the wrong paperwork is filed during bankruptcy, you may face having to do an Amendment Form to complete your paperwork or you could face dismissal of your case. Your bankruptcy attorney is well-schooled in how court proceedings and paperwork need to be done, and will make sure the right forms are filled out and completed by the correct dates. When you go to court, you can rest assured that everything is going to run smoothly with the right lawyer by your side.
Filing for bankruptcy is a difficult process, and one you shouldn't do on your own. A bankruptcy lawyer, such as Wiesner & Frackowiak, LC, can help you with many things, from filing paperwork to keeping creditors at bay.