How a lawyer can help ...
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Do you need a bankruptcy attorney? New bankruptcy laws now make it even more complicated to understand your options and make the choices that are best for your particular situation. An experienced bankruptcy attorney can help you navigate the new requirements for Chapters 7 and 13 bankruptcy filings and help you determine which is best for you. If you are considering filing on behalf of your business, a bankruptcy lawyer can also counsel you on Chapter 11 bankruptcy.
A bankruptcy attorney can help…
- Assess your legal and financial situation. A bankruptcy lawyer will take stock of your financial difficulties, help you understand your rights and responsibilities under the bankruptcy laws, and recommend a course of action. Whether you are filing for business (Chapter 11 reorganization) or personal bankruptcy (Chapter 7 or Chapter 13 bankruptcy), a specialist can help you sort through the numbers, formulas, tests and exemptions to help you get back on track.
- Provide legal coaching. You can find do-it-yourself personal bankruptcy books and forms at your local bookstore, but given the challenges involved with the implementation of new bankruptcy laws, you would be wise to hire a bankruptcy attorney as a coach if you decide to go it alone. New credit counseling and financial management course requirements, new paperwork, new formulas and calculations and new standards for Chapter 7 eligibility are a few of the changes that you will have to work through. An attorney can function both as an advisor to provide you the legal framework to help you decide on whether to file yourself and as a representative if the impact of the new procedures and guidelines prove too difficult for you to handle alone.
- Suggest alternative strategies to work things out. An attorney can suggest ways to make your personal or business debts more manageable, deal with hounding phone calls from creditors, and help you work out a solution with your creditors yourself.
- Represent you in a bankruptcy proceeding. Filing for and going through bankruptcy proceedings can be a draining process. Your attorney can help take some of the heat off of you while you work on plans to move forward. Your lawyer can file your petition and monitor the proceedings all the way to the final court declaration of bankruptcy.
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