Bankruptcy is a debt resolution option that should only be used as a last resort after all other options have failed. Debt refinancing and debt consolidation should be used first before things get worse. This is because there are several legal consequences of using bankruptcy to get rid of your debt. Ideally,you should hire a competent bankruptcy attorney when thinking about filing for bankruptcy. Below are some of the reasons why you want a- when filing for bankruptcy:
i) Competent Legal Counsel
When thinking about becoming bankrupt to get rid of your bad debts,it is recommended you hire a competent lawyer to help you out with the case. The lawyer will tell you about the pros and cons of bankruptcy as well as the different bankruptcy chapters that you can use to eliminate your debts. Your lawyer will also assess your debt situation and recommend the best bankruptcy chapter. That said,a competent lawyer will help you understand what you are about to get yourself into as well as the consequences.
ii) Help With Paperwork
A bankruptcy petition usually involves a lot of paperwork,which can be stressful for the average person to do. When you hire a -,you will not need to worry about the paperwork as your lawyer will only require you to sign the necessary forms.
iii) Legal Representation
Whenever you are not physically required to appear before court or during meetings with the trustee,your lawyer can represent you. This will make life much easier for you as you can continue with your daily routine uninterrupted.
v) Protection from Creditors and Trustee
Some trustees are usually overzealous and may break bankruptcy laws. Your attorney will ensure this does not happen. For instance,the trustee may want to sell items that are exempted from bankruptcy proceedings. Your- will prevent this from happening. If creditors try to contact you illegally,your lawyer will ensure action is taken against them.