When you are struggling financially, you might be hesitant to spend money on legal fees. However, hiring a bankruptcy lawyer may be the best decision you make during this difficult time. Here are four reasons why you should hire an attorney instead of filing a pro se case:
1. You may not know all of your options for filing.
Facing financial difficulties can be overwhelming, and it can be difficult to know what options are available to you. A bankruptcy attorney will be able to review your unique situation and help you determine which type of bankruptcy is right for you. Some filers benefit from Chapter 7 bankruptcy, while others only qualify for Chapter 13. If you're a business owner, you may need to file for Chapter 11 bankruptcy. Your bankruptcy lawyer can help you figure out which option is best for your situation.
2. You may not fully understand the complex legal process for bankruptcy.
The bankruptcy process is complicated, and it requires a lot of paperwork. If you make even one small mistake, your case could be delayed or dismissed. An attorney can ensure that all of the necessary paperwork is filed correctly and promptly.
Your lawyer will also be able to represent you in court if necessary, such as during your 341 Meeting of Creditors. Your attorney can help you navigate the complex bankruptcy process and ensure that your rights are protected every step of the way.
3. You could make costly mistakes that could jeopardize your case.
Bankruptcy paperwork must be completed correctly, and sometimes, you have a tight deadline if your trustee needs additional information. If you make a mistake on your paperwork, it could cost you dearly. An experienced lawyer will know how to avoid these costly mistakes and protect your interests - not just those of the court or trustee.
4. An experienced bankruptcy lawyer can help you maximize your exemptions.
Can you keep your house? What about your car or your motorcycle? These are just a few of the questions a bankruptcy attorney can answer. If you're filing on your own, you may not know which property is exempt and end up losing your treasured assets. An attorney can also help you negotiate with your creditors and restructure your debt so that you can get a fresh start.
Filing for bankruptcy is a difficult and stressful decision, but it doesn't have to be made alone. Hiring an experienced bankruptcy attorney can give you peace of mind and ensure that you are taking the best possible steps to protect your assets. If you are considering filing for bankruptcy, contact a bankruptcy attorney such as Harold S. Entes Esq. for guidance.
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