Bankruptcy is typically a highly emotional, stressful, and extremely complicated process. Although individuals can go through the process without hiring an attorney, doing so can be extremely risky. A bankruptcy attorney can help to protect your assets that could otherwise be at risk, help you to navigate the process without falling victim to the many potential pitfalls, defend you in the case of litigation, and ensure that your rights are recognized at all steps of the process.
Due to the nature of bankruptcy, it is extremely important – perhaps more so than in any other area of law – that you hire a bankruptcy attorney with whom you feel extremely comfortable. Even under normal circumstances, many people are loath to discuss their finances with anyone, including family and friends. When going through bankruptcy, though, you will need to inform your attorney about all of your assets and your full financial picture to ensure that he is able to protect you to the best of his ability. If you are any less than forthright in this regard, you are likely to lose a lot more than you should.
The bankruptcy attorneys at our firm have been through the bankruptcy process many times before. Our lawyers are not here to judge you. They fully understand that there are times when people lose control of their financial situation through no fault of their own, often due to the loss of a job, illness, or some other major event that is beyond their control. They understand that you would not be going through bankruptcy if you had another option, and that the process is the first step toward you being able to get back in control of your life with as many of your assets as possible.
In addition to being an emotionally charged process, bankruptcy can also be highly complicated. Failure to file the proper paperwork and account for all of your assets can lead to the forfeiture of assets that could otherwise be protected. One of the greatest advantages of hiring a bankruptcy attorney is having someone to help you file all of the necessary paperwork. This would include your bankruptcy petition, bankruptcy schedules, which include your assets and liabilities, executor contracts, and other documents relevant to your case, as well as a Chapter 13 Bankruptcy plan when applicable. Your bankruptcy attorney will also attend the creditor meeting with you, again ensuring that your rights are protected.
You don’t have to be alone during this difficult and intricate process. Your creditors have been through this before and are seeking to collect on the debts owed to them. They have been through the process countless times before and looking out for their interests, not yours. The bankruptcy attorneys at our Law Firm are ready and willing to protect both your rights and your assets on this first step toward taking back control of your financial life.
Give us a call today to learn more about how our bankruptcy attorneys can help you through this trying time.