If you are struggling financially and cannot make the minimum payments on various debts, you have enough to worry about without complicated legal proceedings, too. Fortunately, a seasoned bankruptcy lawyer from Pray Law Firm PA in North Little Rock, AR, will help you explore the various debt relief options that could provide a fresh financial start. Once you decide which approach is best, a compassionate attorney will guide you through the filing process and help you avoid unnecessary delays and small oversights.  

3 Ways a Bankruptcy Lawyer Will Help You

Reviewing All Paperwork

If your bankruptcy petition is inaccurate or incomplete, the court will reject it. An attorney will make sure all the documents you submit contain factual financial information, including a comprehensive list of all lenders and a complete inventory of relevant assets. Your lawyer will also ensure these reports are filed with the appropriate offices on time to prevent any delays in the case. 

Devising Strategies for Retaining Various Assets

If there are certain assets that you cannot bear to part with, a bankruptcy lawyer will help you explore all possible strategies for keeping them. This might mean filing for chapter 13 instead of chapter 7 or classifying the silver you inherited from your grandmother as a family heirloom.

Regardless of your approach, you can be sure it is entirely legal and applicable if a reputable lawyer devised it. Skirting bankruptcy law by hiding assets, on the other hand, is not advised, and could have serious legal consequences.

Protecting Your Rights

An automatic stay is enacted as soon as you file. As long as it’s in place, lenders cannot take legal action against you to pursue payment. Unfortunately, some creditors ignore this and continue harassing borrowers. If you find yourself in this scenario, a lawyer will step in and ensure the stay is enforced.

If you want to hire a bankruptcy lawyer in Pulaski County, turn to Pray Law Firm PA. Their legal team will put you at ease from the moment you enter their office, and they will take a nonjudgmental approach to helping you resolve your financial difficulties. Like them on Facebook to learn more about their legal services, and call (501) 771-7733 to schedule an initial consultation today.