The Inner Workings of a Law Firm

The Inner Workings of a Law Firm

Filing for Bankruptcy? A Few Things a Lawyer Can Probably Do Better Than You

by Jo Rodriquez

If you're considering bankruptcy, then you may thinking about whether or not you need to hire a professional lawyer for assistance. While it is true that you can file your bankruptcy on your own, you could end up biting off a lot more than you can truly chew. Therefore, it is best to weigh the pros and cons now. Here are five things that an attorney knowledgeable in bankruptcy can do for you better than you can do for yourself.

1. A Lawyer Will Know When Bankruptcy Is the Best Option and When It Isn't

For many individuals who find themselves in serious debt, they think that bankruptcy is the only possible solution. However, this is not necessary true. For one, not all debt can be discharged in personal bankruptcy. Some debts that cannot be cancelled include taxes, child support, and student loans. Therefore, if your primary reason for filing for bankruptcy is because of one of these debts that cannot be eliminated, then an alternative solution with fewer long-term penalties will most likely be more beneficial to you. A lawyer will be able to thoroughly evaluate your situation and help determine the best course of action.

2. A Lawyer Can Accurately Identify the Most Appropriate Type of Bankruptcy

For personal bankruptcy, there are two options: Chapter 7 and Chapter 13. Choosing the right one can be intimidating and difficult if you aren't sure of the differences. Ultimately, the one that is chosen will greatly depend on a number of factors, such as your primary end-goals, financial situation, and the types of debts that you want to discharge. A lawyer will be able to properly correlate your needs to the right bankruptcy type.

3. A Lawyer Can Help with the Paperwork (Which Can Quickly Get Out of Control)

With a bankruptcy filing, there is a ton of paperwork – some of which you may not even have the slightest clue as to how to fill out. These documents will need to be completed fully, accurately, and in a timely fashion in order for your bankruptcy case to move forward. A lawyer can help gather the required documentation and correctly and quickly complete your paperwork for you so that you don't have to worry about mistakes being made on your part.

4. A Lawyer Can Help You Avoid Jail Time

Some people are tempted to make false declarations on their bankruptcy paperwork. Unfortunately, this can land you behind bars. You may be charged with fraud if you attempt to hide monetary funds, which makes your entire financial situation much worse than it currently is. A lawyer will help ensure that your situation is handled properly and legally.

5. A Lawyer Will Be Able to Represent You before, in and beyond Court

When you file for bankruptcy, you will likely need to visit with the court and negotiate with creditors. Then, when the bankruptcy has been filed and completed, you will need to make sure that you comply with the terms outlined within the bankruptcy. Your lawyer can help you with all of this while also protecting you in the event that a creditor tries to collect a debt that has been discharged via your bankruptcy filing.

If you need help getting out of debt and are possibly considering bankruptcy, contact an experienced bankruptcy attorney like Attorney Joseph Aguglia to discuss your options.


About Me

The Inner Workings of a Law Firm

We all know that lawyers are professionals who help people interpret and work with the law, but do you know how a law firm works from the inside out? I am a professional paralegal, and I have worked in both large and small law firms during my career. I can tell you that a successful law firm needs more than just lawyers to keep it running smoothly, and sometimes things can get really crazy! Take a tour through a law firm in my blog, and find out what really goes on behind the scenes of an active and successful law firm.