Posted by alex , on May, 2015
Trying to pursue bankruptcy or another debt relief solution without hiring an experienced bankruptcy lawyer beforehand can be a costly mistake. If you want to understand the options available to you, and how to take control of your financial situation, then it is imperative you hire the services of competent Bankruptcy Attorneys. The bankruptcy process is lengthy, and the laws have been amended drastically in the last few years. Additionally, the bankruptcy schedules and other paperwork involved in the process can be overwhelming. By hiring an experienced bankruptcy lawyer, you can be sure that your entire bankruptcy process will go smoothly. Here are some of the critical roles played by a qualified bankruptcy lawyer.
Examining Your Financial Situation
One of the primary roles of a bankruptcy lawyer is to evaluate your financial situation. The attorney will analyze your financial condition to help you determine what form of bankruptcy will match well with your needs. If your debts are too high and your income is too low, you may not qualify for Chapter 13 bankruptcy. If you make more than an average family in the state, then you may not be eligible for Chapter 7 bankruptcy.
Preparing and Managing Your Bankruptcy Case
A competent bankruptcy lawyer will help you plan and manage your bankruptcy case. Your lawyer will help you understand the bankruptcy process and guide you through the entire process professionally. The lawyer will help you handle the paperwork and documentation on your behalf and ensure that all the necessary documents are forwarded to the right authorities. Additionally, your lawyer will offer you reliable tips for dealing with potential legal actions from your creditors after you are discharged and how you can rebuild your finances and credits after filing for bankruptcy.
Protecting You from Your Creditors
Once you have a competent bankruptcy lawyer on your side, your creditors will stop the harassment and attempts to collect debts. Your creditors may also agree to negotiate or agree to reach a settlement when you have a bankruptcy lawyer fighting for your interests.
Bankruptcy is a long and complicated legal process, and it is never a good idea to go through any legal process blindly. By hiring a bankruptcy attorney from Chicago Debt Solutions, you can be sure that your best interests will be protected. For more information about the roles of Bankruptcy Attorneys, please visit chicagodebtsolutions.com. You can also visit their Facebook page for more information.