If you have been into this kind of situation before, filing for bankruptcy can still surely be an intimidating and scary experience. For you who are still new to this kind of situation, this may also be mind-boggling as you likely don’t know what to do and how to start.
Actually, one of the most important things to do is to reach out for help and to get the service of an expert — a bankruptcy lawyer.
While bankruptcy lawyers can really be expensive, they can play a huge role in getting you back on the right track. They can help you go through the stressful process of filing a bankruptcy as quickly and as smoothly as possible.
What are the Things You Can Expect from a Bankruptcy Attorney
Competent legal advice
A bankruptcy attorney is competent enough to determine if bankruptcy is really in your best interest. As an expert, he or she can tell you about so many things like:
- the type of bankruptcy that needs to be filed
- how you can use this to achieve your goals financially
- the rigorous processes you can expect
- the things you can do to alleviate the stress brought by filing for a bankruptcy
- the risks and difficulties involved
Ability to handle bankruptcy
Your bankruptcy lawyer is very familiar with federal bankruptcy laws, local court laws, procedures, etc. He can help you determine which chapter to file for and which chapter of bankruptcy can help you most in your situation.
Preparation of paperwork
Your lawyer can help you complete a long list of forms. Almost often, bankruptcy lawyers already have specialized software that can quickly help them prepare and file bankruptcy paperwork with the court. Expect them to ask for information about your income or profits, expenses, debts, assets, and much more. As a bankruptcy lawyer, they’ll prepare forms based on the information they got from you. It’s, therefore, important that you provide them information as accurately as possible.
Timely filing of necessary documents
Filing for bankruptcy may involve filing forms one after another. Your attorney will have to file more forms with the local court or give documents to your trustee by a specific deadline. If you’ll miss a deadline, they’re likely to cause delays in the bankruptcy process or could cause the dismissal of your case.
Therefore, your bankruptcy lawyer should be very knowledgeable of all the local rules and procedures in your area.
Represent you at bankruptcy hearings
Expect yourself to be attending mandatory hearings which are also called the meeting of creditors. In some cases, you won’t have to personally attend a particular hearing. In some instances, you may also need to participate in additional hearings. In addition to the lengthy meeting of creditors, expect your attorney to represent you at Chapter 7 reaffirmation hearings, Chapter 13 confirmation hearings, and several other motions or objections filed by yourself, the trustee, or your creditors.