Every bankruptcy petitioner has the right to represent themselves, and all of the online do-it-yourself tools make it seem relatively easy. However, achieving the best results usually takes the expertise of a skilled attorney who fully understands the process. As Daniel R. McComb Attorney at Law in Batavia, NY, explains, having the right legal representative can be instrumental in getting your finances back on track.

Timing it Right

Deciding when to file for bankruptcy is almost as important as which petition to file. On one hand, filing too soon could mean that some debts are not included in the filing, but on the other you might use up assets you could be entitled to keep if you wait too long. Your attorney will review your situation and help you time your petition to make sure you get the most out of your petition.

Exempting Your Property

A Chapter 7 bankruptcy does discharge most of your unsecured debt, but it also allows the trustee to seize some of your property to pay off your creditors. However, both federal statues and state laws make many types of assets exempt. A bankruptcy attorney will make sure you keep as many of your belongings as possible, including your home, vehicle, trade tools, and even some valuable jewelry.

Enforcing The Automatic Stay

Every bankruptcy filing includes an “automatic stay,” which puts an immediate stop to any and all collections activities. However, sometimes creditors fail to comply, which is when a good lawyer can step in and halt harassment, repossession, and lawsuits in their tracks.

Daniel R. McComb Attorney at Law is a hardworking attorney with over 35 years of legal experience and a reputation for providing unparalleled service in a variety of practice areas. If you're struggling with debts you can't repay, visit their website now or call (585) 343-2250 to discuss your bankruptcy options today.