Filing for bankruptcy can be confusing because of all the requirements to meet and paperwork to fill out. Regardless of what led you to this financial solution, it’s important to work with a licensed bankruptcy lawyer. If you try to handle your case on your own, you could end up in a more complicated situation. A bankruptcy lawyer offers essential services to streamline your case and see to every detail.

4 Important Roles of a Bankruptcy Lawyer

Creditor Management

Once you retain an attorney, your creditors will have to deal with them instead of contacting you. All you need to do to end calls from bill collectors is confirm you have a bankruptcy lawyer. If they call you after you file your case, you can take legal action against them.

Petition Preparation & Case Filing

The biggest thing a bankruptcy attorney does is prepare the paperwork for your case and file the necessary documents in court. Depending on the number of creditors you have, petitions can be 50 pages long or more. Your lawyer will go over everything with you to ensure nothing is missing or inaccurate. Once the bankruptcy attorney submits the documents, you will be under an automatic stay and creditors won’t be permitted to collect the debts you owe.

341 Meeting Readiness

A 341 meeting of creditors, which is mandated by that section number of the bankruptcy code, takes place 30–45 days after your lawyer files the paperwork. Before you attend this meeting, your attorney will go over everything so you know what to expect and are prepared.

Reaffirmation Agreements

If you have debts you want to continue to pay off, such as a vehicle loan or mortgage, your lawyer will draw up a reaffirmation agreement outlining the new terms. It will take the place of your original contract and allow you to keep the item in question.

If you are considering a Chapter 7 or Chapter 13 bankruptcy case or are ready to file, an attorney at Pearce Law Firm in Foley, AL, can help. Contact them online or call (251) 971-2676 to schedule a consultation with a bankruptcy lawyer and visit their website for more information about their services. Like them on Facebook for tips and insight from the law firm.