It is legal to file for bankruptcy without a lawyer, but those who do so can often wind up losing property or not getting the debt relief they need. In addition, debtors represented by lawyers have much higher success rates than those filing pro se (on their own). When choosing a bankruptcy attorney, it is important to look at online reviews.
They know the law
Many people hire bankruptcy lawyers after a financial setback that can be difficult to overcome, like divorce, job loss, or a major medical event. Trying to tackle bankruptcy on your own can be very stressful and you might make mistakes that can have serious consequences, such as criminal charges for false statements or fraud.
Bankruptcy lawyers in Harrisburg PA will help you determine whether bankruptcy is the right solution for you and will file error-free paperwork. They will also ensure that you are using the correct exemptions to protect your assets and property.
They will also be able to stop creditors and debt collectors from harassing you. Once you tell them you have a lawyer, they are legally required to stop calling or writing to you. This helps you to get the rest you need to get back on track.
They have the experience
When it comes to bankruptcy filings, a lawyer can make the entire process easier, faster, and more successful. A skilled attorney can help you get a fresh start and rebuild your credit.
An experienced bankruptcy attorney will know all of the ins and outs of bankruptcy filings, including how to complete the necessary paperwork, what to do at the 341 meeting, important deadlines, and court fees involved. They will also be able to advise you as to whether or not bankruptcy makes sense for your particular situation.
Be wary of attorneys who dabble in different areas of law and only file bankruptcies on the side. You want an attorney who specializes in bankruptcy law and is genuinely interested in helping clients overcome their financial challenges.
They know how to deal with creditors
Bankruptcy lawyers know how to negotiate with creditors, including getting the best deals on debts owed by individuals and businesses. They can also help clients avoid illegal actions by educating them on what they should and shouldn’t do to protect their assets.
They will be able to advise you on which debts can be lowered, erased or reorganized and what you should do with your credit cards. They can also recommend less drastic remedies like debt settlement, which is a way to resolve
your financial problems without filing for bankruptcy.
When hiring a bankruptcy attorney, be sure to ask plenty of questions. Look for one who is receptive to your concerns and answers them in detail. Also, make sure you interview several lawyers before making a decision.
They know the court system
Bankruptcy lawyers have relationships with the courts, judges and trustees. They are familiar with courtroom etiquette and can help you understand the process better. They can also take care of all the paperwork on your behalf, which is a huge relief when you are going through a stressful time.
Filing for bankruptcy is complicated, and there are lots of deadlines to meet. If one form is incorrectly filled out or turned in late, it can jeopardize your whole case. Bankruptcy attorneys ensure that all forms and paperwork are submitted on time, correctly and completely.
A good bankruptcy attorney knows which assets are exempt and can legally protect them from creditors. They can also stop harassing phone calls and letters from debt collectors by letting them know they are representing you in court.
They know the paperwork
In bankruptcy cases there is a lot of paperwork to fill out. You need to show the court how much you owe and who you owe it to. A good attorney can help you make sure that all information is accurate and complete.
They also know what exemptions to use and how to value assets. They will help you determine if bankruptcy is right for you.
When you meet with a lawyer for your free consultation bring all the paperwork that you have together, including recent collection notices, pay stubs, bank statements, alimony/child support payments and tax returns. This will help the attorney give you a better assessment of whether bankruptcy is your best option or if you would be better served by another type of debt solution.