Once you have decided to file for bankruptcy, the first decision to take would be whether to file the bankruptcy case on your own or to hire a professional bankruptcy attorney to do that for you. Common first thoughts might be that why to spend money on an attorney for something which you can do yourself and are also legally authorized to do it. If this logic makes you decide to go for it on your own, this decision might haunt you at every step of the process. Here’s why!
Filing for bankruptcy is a complex task as it involves legal technicalities where minor details not taken care of can result in big problems. Yes, some background research can help you weigh the pros and cons of filing for Chapter 7 or Chapter 13 bankruptcy, but you will be more likely to miss out on some factors which might turn out to be of core importance to you as compared to when a professional bankruptcy attorney does that for you. It is their job to file such cases and hence already have all the required information and know the way to go about the case.
After studying your particular case, they can advise on which chapter to file for, chapter 7 or chapter 13, as they would know which has more benefits and fewer disadvantages over the other in your scenario. A single mistake you make due to your incomplete research or ignorance can cost you a fortune. So, it’s best to put yourself if safe hands and let the experts handle filing bankruptcy for you. A bankruptcy attorney will help you discharge all your eligible debts, keep your property and enforce the automatic say.
You can expect frequent phone calls or even unpleasant visits by people who expect you to return their debt. This can give you nervous attacks and take you peace of mind. You can escape for having to engage in any such stressful exercise as after filing for bankruptcy, you bankruptcy attorney can communicate with your financial acquaintance on your behalf and handle the situation in a more professional way for you. Instead of spending time answering phone calls from people harassing you who you owe money to, now what you can do is use that time to positively invest in ideas to make the fresh-start given by filing for bankruptcy a success.