Filing for bankruptcy is a big decision, and you will have a lot of tough choices to make throughout the process. The easiest decision, however, is whether or not you need an attorney. While there are instances where a DIY bankruptcy is acceptable, most consumers do not realize the work that goes into a bankruptcy. In fact, most consumers become quickly overwhelmed when they dive in solo.
So, if you think you don’t need an attorney, here are a few things your bankruptcy attorney can do that you probably will not be able to do on your own.
Determining if You Should File
You may think you need to file bankruptcy, but a bankruptcy attorney may have a different solution. Often consumers try to file for bankruptcy, but the majority of their debts are not covered and cannot be discharged. By having an attorney, you have an experienced third party that can assess your debts and help you explore your options, whether that means filing or finding another means of debt relief.
Deciding the Type of Bankruptcy
As a consumer, you have the option to file Chapter 7 or Chapter 13. It is important to note that not everyone qualifies for the full discharge of a Chapter 7, especially if you have tax or student loan debt. Your attorney will assess the type of debts you have and help you match those debts with the proper type of bankruptcy.
Doing the Paperwork
There is a lot more paperwork to bankruptcy than consumers realize. In fact, those who choose the DIY route often become overwhelmed with the paperwork portion of the process. That is because there are multiple forms, petitions, and exhibits you must file to present your case in bankruptcy court. And, all of these forms must be completed by a specific time and accurately, otherwise your case could encounter significant delays. An attorney handles all of the paperwork for you, including filing the appropriate forms with the bankruptcy court.
Representing You Against Your Creditors
You have to go to court to negotiate with creditors, and you may have a creditor that contests the bankruptcy. While you could combat them alone, realize they are sending their own attorneys to fight the battle. Therefore, you want to match expertise by having legal counsel on your side. An attorney can not only negotiate with creditors, but also protect you against creditors who attempt to collect after the debts are discharged.
Contact an Experienced Bankruptcy Attorney Today
While you may think you can do it alone, a bankruptcy attorney is a valuable asset in your case. Contact Florida bankruptcy attorney at the Law Office of Kelley & Fulton today for assistance with your case. We offer no obligation consultations, so schedule your appointment at 561-491-1200 now.