Filing for bankruptcy is a major step that will help you regain control of your finances and future. But, the bankruptcy process is first and foremost a legal one, and having the support of a skilled and experienced attorney is crucial. Here is a guide to how an attorney will assist you at every stage.
3 Ways an Attorney Will Help During the Bankruptcy Process
1. They Will Explore All Available Options
Bankruptcy should only be a last resort after other avenues to debt relief have been thoroughly pursued. Your attorney will discuss these options with you to ensure that bankruptcy is the next logical step. They will also help you identify what type of bankruptcy is most appropriate for your situation. Chapter 7 is ideal for individuals with high amounts of unsecured debt and a low or nonexistent income. Chapter 13 is a debt reorganization better-suited to filers with some disposable income who can commit to a long-term repayment plan.
2. They Will Handle the Paperwork
Any legal case involves considerable paperwork and documentation, but bankruptcies require even larger amounts of forms and filings. The courts need to see your financial data in detail, including inventories of assets, comprehensive lists of expenses, and evidence of recent and significant financial transactions. Your attorney will assist you in compiling all of this information, inserting it into the correct forms and documents and submitting all paperwork to the appropriate courts, agencies, and departments.
3. They Will Represent You in Court
In any type of bankruptcy, the filer must attend a mandatory court hearing. While this is no reason to stress and just a routine part of the process, it's always wise to be prepared and have legal support when going before a judge. Your lawyer will make certain you know what to expect during this experience. They will also speak on your behalf and address any specific issues the court might have regarding your case.
Bankruptcy has its complexities, but an attorney will be your biggest ally in effectively navigating them. Attorney Rafael Gil III of The Gil Law Firm is here to help. Since 2000, he has been representing Houston County clients in Chapter 7 and Chapter 13 bankruptcy cases as well as Social Security Disability and personal injury claims. Call (334) 673-0100 or visit him online to schedule a free consultation.