3 Reasons to Hire a Bankruptcy Lawyer

By: Thomas T. Woods

Bankruptcy filings have fallen 11.8 percent in 2020 but that doesn’t mean they are nonexistent. With the COVID-19 pandemic bringing a lot of people into financial ruin, it’s believed the number will begin to rise again in 2021.

Once you’ve decided to file for bankruptcy, you now need to start the filing process. But, before you start to file for bankruptcy by yourself, you should strongly consider hiring a bankruptcy attorney.

Keep reading to learn the three main reasons why you should consider hiring a bankruptcy lawyer.

  1. They’ll Know if Bankruptcy Is the Right Answer

The number one reason you should seek advice from a bankruptcy attorney is that they’ll be able to evaluate your situation without bias. Odds are, if you’re considering bankruptcy, you’re most likely feeling overwhelmed and just want out of the financial situation. But, bankruptcy is not the right answer for everyone.

When you seek advice from a professional bankruptcy attorney, like those at lawmoffitt.com, they’ll first go over your alternatives to bankruptcy. They’ll help you see if avoiding bankruptcy is possible and if it may be the right solution.

If they do determine that bankruptcy is needed, they can advise you on which type of bankruptcy to file. They can act as your bankruptcy Chapter 7 lawyer or guide you through a Chapter 11 bankruptcy.

  1. They’ll Have Valuable Experience

Seeking a lawyer for bankruptcy is valuable because they have helped people through the process before. By having experience in this type of law, they know all the ins and outs.

Some people may be afraid of the bankruptcy lawyer cost and choose to go the DIY route. But, this can end in them making costly mistakes or even getting their bankruptcy denied.

Experienced bankruptcy lawyers know all the ins and outs. They’ll know the exact steps of the bankruptcy court and have a working relationship with the local judges and trustees.

  1. They’ll Save You Time and Effort

Speaking of experience, not only will an experienced lawyer save you from mistakes but they’ll also save you time and effort.

Filing for bankruptcy isn’t a quick or easy process. For example, the average Chapter 7 bankruptcy takes between four and six months to finalize — and that’s with the help of an attorney. If you have to learn the process as you go, you can expect the process to last much longer.

Your attorney will handle all the hard work for you. They’ll file all your paperwork and communicate on behalf of your debts. Your main jobs will include communicating with your attorney and going through counseling.

Don’t worry about finding the most expensive lawyer in hopes that they will make the process easier. Even an affordable bankruptcy lawyer will be able to simplify the bankruptcy process.

Choose the Best Bankruptcy Lawyer for You

Know that you know why you should hire a bankruptcy lawyer, it’s time to find the best attorney for your specific situation.

You can start by doing an internet search for “best bankruptcy lawyer near me.” Then, look over the reviews for all the local options. Finally, set up an interview with the top contenders, inform them of your outstanding debts, and ask questions to see if they’re the perfect match for you.

Not sure what to expect with the bankruptcy process? Be sure to browse the other bankruptcy law articles on this site.

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