Technically speaking, hiring a bankruptcy lawyer is not essential – you can legally file for bankruptcy on your own, without assistance from an attorney.
However, just because you can do something doesn’t mean you should.
While handling the claim yourself and skipping the attorney fees might seem like a good idea, going that route could end up costing you more in the long run. Here are four solid reasons why working with a bankruptcy lawyer is usually in your best interest.
Is filing for bankruptcy your best course of action, or would taking an alternative approach – such as negotiating with your creditors or working with a credit counseling agency – be a smarter move? If bankruptcy is the only option, would it be better to file for Chapter 7 or Chapter 13? An experienced lawyer can give you expert answers to these questions. If you choose not to hire an attorney, you could make the wrong decisions.
Preparing a bankruptcy claim properly is no easy task. You need to apply the means test, value your assets and follow the exemption rules. Plus, some debts may only be discharged if you meet certain conditions. Hire a bankruptcy lawyer, and you’ll have professional assistance with the preparation.
If you’ve never filed for bankruptcy before, navigating the process without a problem can be a challenge. You may need to negotiate a reaffirmation agreement with a creditor in order to keep your car or home, for example, or you could end up having to demand creditor compliance with the automatic stay. Any number of issues could spring up during your case, and a bankruptcy lawyer will know exactly how to deal with all of them.
When you leave your bankruptcy claim to an experienced attorney, you’ll have an advocate looking out for you – and this can go a long way toward easing your worries. You’ll have much less stress knowing that an expert is making sure your case is on track, and you’ll always know what to expect. For many people, the peace of mind is reason enough to hire a bankruptcy lawyer!
If you’re in need of debt relief and you live in northern Utah, turn to the Law Office of Davis & Jones, P.C., for assistance. Our team of bankruptcy lawyers has a combined 40 years of legal experience, and we can put our expertise to work for you, offering personalized advice on the best way to take control of your financial future.
The Law Office of Davis & Jones, P.C., has helped more than 20,000 Utah residents resolve their debts, and we can help you, too. For more information, or to schedule a free bankruptcy lawyer consultation, contact our Salt Lake City office today.
NOTE: This blog is for informational purposes only and should not be construed as providing legal advice. Use of this site does not create an attorney-client relationship. Contact an attorney to obtain legal advice.