When you have found yourself overwhelmed by the amount of debt you have, bankruptcy might be the only way out for you. But once you’ve decided to file bankruptcy, you have a major choice: do you hire a Chapter 13 or Chapter 7 bankruptcy attorney, or do you file on your own without the help of a lawyer?
While it might seem like you’ll be saving major amounts of money by not getting bankruptcy help from a bankruptcy attorney, you might actually be doing more harm than help for yourself by not filing bankruptcy with legal representation. To learn how a Chapter 13 or Chapter 7 bankruptcy attorney can help you successfully file bankruptcy:
Guidance on how to file bankruptcy
Most of us aren’t familiar with how bankruptcy works — and as a result, you will likely have plenty of questions that need answering as you file bankruptcy. With the help of a bankruptcy attorney, you’ll have easy access to all the answers. Your attorney will even help you determine whether you should file Chapter 7 bankruptcy — which liquidates all your debts, or a Chapter 13 bankruptcy, which sets up a debt repayment plan. The advice and counsel your attorney can offer during the stressful time of a bankruptcy filing is priceless.
Protection from creditor harassment
When you have debts you can’t pay off, your creditors will let you know. Often. After a while, these constant harassing calls from creditors and debt collection agencies can take a huge toll on your psychological well-being, making you stressed and upset. As soon as you hire a Chapter 13 or Chapter 7 bankruptcy attorney, however, this harassment will stop immediately, giving you the necessary peace of mind to go forward with your filing.
Avoid mistakes with your bankruptcy paperwork
Filing bankruptcy involves filling out tons of paperwork that can seem labyrinthine in nature. When you file bankruptcy on your own, the chances of you making a mistake are significantly higher — and the bankruptcy court is much more likely to throw out your filing. To prevent this from happening, have a professional bankruptcy attorney do the work for you.
Want to know even more about the Chapter 13 or Chapter 7 bankruptcy timeline? Ask us anything related to filing bankruptcy in the comments below. See this link for more.