Bankruptcy is a powerful way to get out of financial trouble. However, it has certain requirements and has consequences for your future. This is why it is so important to talk to bankruptcy lawyers before making any decisions. Lawyers can help you go through the advantages and disadvantages of filing bankruptcy. They can also help you explore all types of bankruptcies, finding the one that works best for your situation. Since different types of bankruptcies have certain requirements and consequences, you want to make sure that you don’t file for the wrong one and waste time.
A bankruptcy lawyer will get you access to bankruptcy court. Since they’re an expert in active bankruptcies, you don’t need to worry about feeling judged or ashamed of your situation. Instead, you can get yourself out of trouble and back on your feet. So, even though you may feel that a lawyer is an unnecessary expense during a stressful time, it is worth the cost. Not having a lawyer might cost you even more time and resources than the lawyer will.
Almost everyone in the United States has some kind of debt. In 2013 alone, about 2 million people filed for bankruptcy because of their unpaid medical bills.
If you’re having a hard time managing your debt, you might be considering filing for bankruptcy. There are several different kinds of bankruptcy — so you may find yourself wondering “What is Chapter 13 bankruptcy?”
Unlike a Chapter 7 bankruptcy, which forces you to liquidate essentially all of your assets in order to pay off your debts, a Chapter 13 bankruptcy allows you to hold on to your possessions and adjust your debts to create a repayment plan that you can manage.
Yet like any other type of bankruptcy, it’s always a good idea to file with the help of a local bankruptcy attorney who knows exactly how to file for bankruptcy successfully.
So why should you hire a Chapter 13 bankruptcy attorney?
Here are just a few reasons:
– The best advice:
Chapter 13 bankruptcy attorneys have specialized expertise in dealing with financial situations just like yours. In addition to advising you on whether or not a Chapter 13 bankruptcy is in your best interests, a Chapter 13 bankruptcy attorney can help you correctly fill out your paperwork and give you legal advice throughout the entire bankruptcy process.
– A less stressful experience:
When you hire a Chapter 13 bankruptcy attorney, the majority of the legal responsibilities will be lifted off your shoulders — you just have to answer your attorney’s questions openly and honestly, provide the proper documentation and information and attend all of your bankruptcy hearings.
– You can’t afford not to:
Some people are intimidated by the cost of hiring a Chapter 13 bankruptcy attorney. On average, you should anticipate paying anywhere from $2,500 to $6,000 for a Chapter 13 bankruptcy. While it’s not exactly free to hire a Chapter 13 bankruptcy attorney, the possibility that your bankruptcy won’t be approved by the court becomes higher when you don’t have legal representation. If you want to be sure that you’ll get relief from your debts, you should hire a Chapter 13 bankruptcy attorney. For more information see this.
