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Should I Hire a Bankruptcy Attorney?
This question is frequently asked by individuals who find themselves in deep debt, suddenly unemployed, or faced with any number of unfortunate circumstances. There isn’t one right answer to this question; however by reading this page, I hope to give you some information that may help you reach a decision. The type of person you are goes a long way in deciding whether you should hire a bankruptcy attorney, or, go it alone. While doing your research, you may determine that you shouldn’t file for bankruptcy at all, and start looking into other options. If you are the type of person who is motivated, determined and has the time to spend learning the intricacies of bankruptcy law, then you certainly could get by without a bankruptcy attorney. There is sufficient literature available in print for you to learn the details of Chapter 7 or Chapter 13 law and the procedures involved in bankruptcy court. First of all you would want to spend time comparing and contrasting Chapter 7 liquidation bankruptcy and Chapter 13, repayment bankruptcy to see which type of bankruptcy fits your situation. You would also need to find out if you qualify for either one of these bankruptcy chapters and familiarize yourself with the forms, schedules and other documentation necessary to file for any of the chapter bankruptcies. If you decide not to hire a bankruptcy attorney, you will find that you can receive some free guidance and assistance from the documentation you receive from the courts.
Official forms and instructions can be downloaded at: http://www.uscourts.gov/bkforms/index.html You may decide after researching the details of bankruptcy that you do require the services of a bankruptcy attorney. Even the most energetic among us may be deterred by the legal terminology and technical details involved in a field of study we know very little about. This was my decision some time ago and I never regretted it. The price that my bankruptcy attorney charged was minimal compared to the many hours I would have spent trying to figure every detail out for myself. If you’re worried about the cost don’t forget to shop around and use an attorney that specializes in bankruptcy law, typically Chapter 7 or Chapter 13. These bankruptcy attorneys have seen every situation and yours will not be unfamiliar to them. You may want to ask in advance about payment plans and how those payments would impact your bankruptcy case. Even with a bankruptcy attorney, filing for bankruptcy will require diligent preparation and comprehensive documentation of your financial world, but once it is over you will have the opportunity to start fresh and begin building your future with a clean slate. In any event, I hope this page has given you some useful information, it’s really my personal opinion based on my experience with bankruptcy. Good luck to you. |
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