Bankruptcy is a legal process in which a person or business can seek relief from debts under the protection of a court. When bankruptcy is filed, it will release funds to pay off other debts and let you restart your future. However, if you’re considering filing for bankruptcy, you may need an lawyer to help you through the process. A qualified lawyer will assist with the process and make sure that your rights are protected. Read on to find out more about what benefits bankruptcy attorneys offer, how they can benefit your situation, and when you might need one.
1) A Lawyer Needed For Bankruptcy Planning
The very first thing you need to do is decide what type of bankruptcy to file. There are several types of bankruptcy, and the one you should file for depends on your situation. For example, when sued for debt, you can file for Chapter 7 bankruptcy to have the lawsuit dismissed. Your lawyer can help you with this decision so you do not have to stress about choosing the wrong type of bankruptcy. If you live in Columbus, Cleveland, or Akron, you can hire professionals from Ohio bankruptcy law firm Amourgis & Associates who can help you. An experienced lawyer will know which type of bankruptcy will benefit you the most.
2) An Attorney Can Help You With Bankruptcy Preparation
You can hire an lawyer before filing for bankruptcy so they can help prepare all the required paperwork. It’s important to remember that filing for bankruptcy is not easy, so you need to find a lawyer with experience in the process. Documents that may be required include your tax returns, credit card statements and your financial situation. For example, to file for Chapter 7 bankruptcy, you’ll need to prove that you can’t repay your debts, and an lawyer will help you try this.
3) An Attorney Can Help Protect Your Assets
When filing for bankruptcy, it is crucial to protect your assets so they aren’t sold to pay back your creditors. This is where an lawyer can help you. For example, you may not need to include your car in the list of assets you are selling if it is value is less than a specific amount. An lawyer can help you determine which properties and holdings aren’t eligible for bankruptcy and which are salable.
4) An Attorney Will Be Available For Consultation And Legal Representative
You can even hire a lawyer for legal consultation and representation. They can help you with bankruptcy filings, but they will even be there for you if any legal issues arise such as creditor harassment or lawsuits against bankruptcy filings. The lawyer you hire should be available for consultation and meet with you after the bankruptcy filing to review everything.
5) An Attorney Can Help You Rebuild Credit After Bankruptcy
Another benefit of hiring a lawyer is that they can help you rebuild your credit after bankruptcy. A good lawyer will understand how to ensure bankruptcy filing runs smoothly and will not leave marks on your credit report. They can even hold creditors accountable for harassing you after bankruptcy is filed. This is finished by filing a motion in court to stop the creditor from contacting you.
6) An Attorney Will Make This A Stress Free Process
Lastly, hiring a lawyer is important because they will make this process as carefree as possible for you. They understand that this isn’t easy and will do everything in their power to help you. You can live your life while you let them handle the legal aspects of filing for bankruptcy and dealing with creditors on your behalf. A qualified lawyer will even be there to answer any questions you may have so you do not have to worry a couple of thing.
If you are considering filing for bankruptcy, hiring a lawyer is important. You should hire an experienced lawyer early in this process so they can help you through the whole bankruptcy filing. An lawyer will even be available to provide support and advice during the bankruptcy process. They can help protect your assets, stop lenders from harassing you, and rebuild your credit. Your lawyer may even be capable to offer legal advice and representation so you do not have to deal with anything yourself. We hope this article explains why you should find a bankruptcy lawyer before filing for bankruptcy.
