As a consumer, you have the right to file for bankruptcy on your own. However, there is a chance that you may lose your case when you do it on your own. Having a bankruptcy attorney by your side will ensure that you have a peace of mind as you have someone who is professional to take care of the things for you. The lawyer can give you free consultation and provide advice on available options. He can assist you in paperwork and represent you in the court if the circumstances requires.
Should You Consider Filing Bankruptcy on Your Own
You should never attempt to file it on your own because bankruptcy is a complex area of law. First of all, not all petitions get to be reviewed by the judge. You need to get your petition coded in a particular way to get the attention of the judge. Next, there is a set of paperwork you must submit. Both Chapter 7 and Chapter 13 bankruptcies require you to file a lot of paperwork. If you make a single mistake, your case will be excluded and you may not be able to refile the case.
Nowadays, you can file your paperwork online with the PDF fillable forms provided by the US court system. However, you will have to have all the required forms online in order to file it. Finally, you have to argue your case before a judge. The judge can easily dismiss your case if you don’t know how to follow the law. If you hire a bankruptcy lawyer, he will know how to argue with the judge and convince him that you are right. He knows how to submit the required documents with the paperwork by the deadline. Get more details on bankruptcy attorneys near me with payment plans.
Signs You Should Hire a Bankruptcy Lawyer
Usually, people don’t experience financial distress overnight. Rather, it happens over time with many signs appearing gradually. When you start seeing warning signs, it means that your finance is not in good condition and you should take action on it. It is never too late to declare bankruptcy if it can save you from the deteriorating financial state. Some of the signs are you can only meet the minimum payment on your credit card bill, you have a habit of maxing out your credit cards, you tend to use your credit card to pay every expenses, you are withdrawing overdraft for extra pocket money, you get collection calls regularly, you are sued by many creditors from being late on payment, and you just lose your job.
What to Expect from a Bankruptcy Lawyer
Bankruptcy lawyer has all the necessary skills to handle your case. He can evaluate your situation and tell you the facts on your case. He can guide you on what type of bankruptcy you should file. He can let you know how the bankruptcy process work and the type of risks that are involved in your case. He can work with your creditors to reduce the amount of debt you owe. Many creditors are willing to agree for a lower amount of repayment rather than not getting anything back so they can give discount on the debt you owe.