While filing bankruptcy can provide welcome relief from unmanageable debts, the complexity of the code often makes navigating the process confusing and extremely difficult. Seemingly minor errors in the paperwork or the timing of filing a petition may result in frustrating delays or an outright rejection by the court. Fortunately, an experienced bankruptcy attorney can provide the guidance and expertise required to achieve the best outcome possible.

3 Key Reasons to Consult With a Bankruptcy Attorney

1. Ensuring All Eligible Debt Is Included

Individuals who attempt to file a bankruptcy petition on their own often forget to include all of their eligible debts, leaving themselves liable for the amount owed after the discharge. Others attempt to claim debts, which are ineligible, often resulting in additional expenses and denied petitions. A bankruptcy attorney with an in-depth understanding of the code will review your accounts and ensure you receive the maximum benefit from filing.

2. Saving Personal Property

In exchange for discharging most unsecured debt, a Chapter 7 bankruptcy allows the trustee of the court to seize some personal property to pay creditors. However, a wide swath of assets are immune from seizure, including tools, some home equity, and even family heirlooms. Without a bankruptcy attorney, many individual petitioners inadvertently surrender property they should have been allowed to keep.

3. Enforcement of Court Orders

Every bankruptcy filing includes an automatic stay, a court order requiring all creditors to cease all collection efforts immediately. When lenders ignore this provision, a bankruptcy attorney can ensure it's enforced, putting a stop to harassing phone calls, repossession attempts, and lawsuits.

From his offices in Lexington, NC, C. Roland Krueger Attorney and Counselor at Law provides reliable guidance and personalized attention to clients struggling with debts they cannot pay. Learn more about his highly effective debt relief services online, or call (336) 248-8464 to speak with an accomplished bankruptcy attorney.