There are several reasons that you may need to hire a lawyer, and one of them is when you are going bankrupt. Most people tend to think this is a process that you need to go at alone. But it can be quite a challenge than anything you have anticipated.
When you are going bankrupt, you need an excellent lawyer to show you how to handle certain aspects of the process. There are also several other reasons you need to hire a lawyer when you are going bankrupt. Here are the reasons you need to hire a lawyer
Lawyers Know the Legal Process
The apparent reason why you need a lawyer for your bankruptcy case is that they know the legal process. Legal proceedings can be a bit tedious if you don’t know what you are doing. Chances of you messing up are also high if you don’t have a lawyer present.
In these cases, there are deadlines to be met, or else you may create even more problems. For example, you may delay your bankruptcy because of a missed deadline. You can check out this site www.amourgis.com to find a lawyer that will give you more information on what your next step should be. Hire the services of the right lawyer for you to succeed in your case.
Which Chapter Suits You
With any bankruptcy filing, there are two chapters – chapter 7 and chapter 13. A lawyer, after evaluating your situation, will know which chapter is best for you. Each chapter has its unique way of how you will deal with the debt.
Chapter 7 allows you to wipe off all unsecured debt – this is also the hardest one to get of the two. Chapter 13 will allow you to pay off your debt over time. Together with your lawyers, you can look at the pros and cons for each, plus what will work best for you.
Saves You Money
You may look at it literally and think that hiring a lawyer will only cost you money, but the opposite is true. You may end up saving some cash by hiring a lawyer for your bankruptcy case. When you get the best possible outcome from the case, you will save money.
Since lawyers have been there before, they will know how to negotiate the deals and save you a lot. You will also get through the case faster than when you do it on your own, which will save you money in the end. Paying for a lawyer will end up being less costly.
Dealing with Creditors
You don’t want to be stressed out by dealing with your case and still have to deal with creditors trying to collect. This is another reason you need to hire a lawyer for this case. The lawyer will contact your creditors and explain the situation and save you the stress.
If a creditor contacts you while you have a lawyer, all you need to do is refer them to your lawyer, and they shouldn’t contact you again. They should deal with the lawyer alone from that time on.
Better Chances of Success
A bankruptcy lawyer has been doing this all this while; they know what to do and handle the case. You will stand a better chance of success when you have a lawyer on your side. It may be something simple like the correct language to sway the court – your options are overall improved.
The lawyer you hire may also have a working relationship with the judge, which will work in your favor too. Those are some of the few things that can raise your chances of success. Their experience in the field can also not be measured, and that will come in handy.
Peace of Mind
It would help if you had peace of mind as you deal with bankruptcy. That’s what the lawyer is there for, and that’s what you will get in the end. You will be stressed out when you file for bankruptcy, and when you do it on your own, you may mess up.
A lawyer will be calm since they know what to do, which will rub off on you. Plus, since you won’t be dealing with creditors or other aspects of the bankruptcy, you will have peace of mind. The lawyer will take a massive burden off your shoulder and allow you to rest easy
When filing for bankruptcy, you need to have a lawyer to help you with the process. You likely are dealing with this for the first time; the lawyer has years of experience. That is just one of the reasons you need to hire a lawyer for this process, and you will also have peace of mind.