With very limited money to spend, you probably want to make sure that you are really going to get your money's worth when hiring an attorney to assist you in filing for bankruptcy. A bankruptcy attorney will do much more than simply file your paperwork with the court. Keep reading below to find out more about some of the other services you can expect your bankruptcy attorney to provide.
Assistance With Reviewing Debt Relief Options
There are a variety of programs that are designed to help people get out of debt. Bankruptcy is one of these options, however, it may not be the best option for you. To help ensure you are making the best possible decision for your financial future, you can expect your bankruptcy attorney to assist you in reviewing all of the options that are available to you. After carefully looking at your specific financial situation, this attorney will be able to advise you regarding your best course of action for becoming debt-free.
Assistance With Notifying Debt Collectors
The moment that you officially begin the process of filing for bankruptcy most debt collection efforts will need to stop under the law. This can mean an end to phone calls from debt collectors, wage garnishments, and even a pause on any foreclosure proceedings. However, in order to enjoy these benefits, you will need to inform your creditors of your intention to file bankruptcy. Your bankruptcy attorney will be able to help with this by sending a letter of intent to each of your creditors. Your attorney may also be able to assist you in filing a formal complaint against any creditors who fail to cease their debt collection efforts.
Assistance In Collecting Documentation Pertaining To Debts And Assets
In order to get the most relief out of your bankruptcy judgment, you will need to provide the court with accurate information concerning all of your debts and assets. If you fail to report a debt at the onset of your case, you will not be able to try and have this debt discharged at a later date. The same is true of your assets. If you fail to take action to protect a specific asset when filing your bankruptcy petition, this asset cannot be added to your documentation later on. This is why it is so important to ensure your bankruptcy petition is complete and accurate before filing it with the court. Your bankruptcy attorney can be expected to assist you with this task.Share
19 April 2022
If your mountain of debt has grown so tremendous that you can't imagine a way out, then you need to contact a bankruptcy attorney. Even though filing bankruptcy can seem like cheating, it is sometimes the only option when you have consumer or medical debt that is consuming your paycheck and then being left unpaid. An attorney can take a look at your finances and recommend a pathway out of debt utilizing one of the several types of bankruptcy available. Learning more about this process can make it seem more approachable. Dig into the articles on this website to get started with that learning.