Blog > 2021 > December > Do You Need A Bankruptcy Attorney?
Can you file bankruptcy without the help of an attorney? Yes. Is it a good idea to do so? No.
In this post, we’ll discuss the top reasons to seek professional help from a bankruptcy attorney if ever you consider filing for bankruptcy. While it is possible to take this step on your own, financial and legal experts agree that having an experienced attorney on your side can make all the difference.
While navigating bankruptcy, there are many pitfalls to watch out for. An attorney can be your guide and lifeline during this process.
Did you know there are two types of bankruptcy? There are Chapter 7 bankruptcy and Chapter 13 bankruptcy, and each one has its pros and cons. Your bankruptcy lawyer will look at your finances and current situation and help you determine which type of bankruptcy will best serve you.
The top reason you’re filing for bankruptcy in the first place is most likely because you’ve got a lot of debt and a lot of creditors.
This can be stressful. Therefore, the great thing about hiring a bankruptcy lawyer is that they will handle your creditors on your behalf. Filing for bankruptcy will mean that harassment from these companies can finally stop. You can rest easy knowing that you’re taking legal steps to alleviate your debt.
Let’s think about what it would be like to file for bankruptcy independently. Where do you think you’d start? Do you have any idea? Do you know what type of bankruptcy you’d file for or where you would go to submit the paperwork? Do you know how to deal with your creditors to negotiate reaffirmation agreements or alleviate debt completely? Do you know which debt you can erase and which debt you can’t? Bankruptcy lawyers are legal experts in bankruptcy. They know precisely how to navigate the process, and they’ll show you how.
To be sure, it costs money to hire a bankruptcy lawyer. But it also costs money to draw out the bankruptcy process, make poor decisions with your creditors, and waste your time and energy on the complex necessary paperwork. Your bankruptcy lawyer will streamline the entire bankruptcy process and ultimately help save you more money than you would have saved on your own.
SM Law Group is a bankruptcy law firm located in Encino, California. Our team has the expertise and experience you’re looking for in bankruptcy legal representation. Let us take the guesswork out of this process and help make it streamlined and efficient for your peace of mind.
For more information, please give us a call. We would be happy to sit down with you to discuss your legal and financial options.
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