Bankruptcy Law Firms – What You Need to Know About Declaring Bankruptcy the Right Way
Anyone considering bankruptcy as a solution to financial problems is obviously struggling to pay monthly bills. With this in mind, why in the world would you want to add to this burden by hiring an expensive attorney to assist in the process of filing for bankruptcy? Well, there are some good reasons to hire a lawyer. Also, you should consider specifically hiring one of the bankruptcy law firms to handle your case because they have the expertise to do so.
You already know this is a serious matter that should not be taken lightly, and going through the bankruptcy process without legal assistance simply is not a smart thing to do.
This is especially true when you consider that the bankruptcy law has changed significantly in the last two years, and the entire process has become more complex and requires special attention from lawyers. Even attorneys and judges have complained that the law is difficult to understand because Congress in all its wisdom created a law that was difficult to understand and apply.
So even if some of your friends claim that bankruptcy is an easy process to go through and that you don’t need a lawyer, you shouldn’t listen. It may have been feasible to do so in the past, but going through bankruptcy without adequate legal help is not a smart thing to do when you consider the complexity of the bankruptcy reform statute. You need to deal with a good bankruptcy law firm that can give you good advice such as whether you need to file for bankruptcy in the first place.
If you’re worried about the costs of hiring an attorney, that’s understandable. However, you should keep in mind that this is going to have a big impact in your financial future, so this is not the time to try to save a buck. Besides, filing for bankruptcy grants you an automatic stay which means that all creditors must temporarily stop trying to collect their debts. In addition, a successful bankruptcy case will help you deal with your previous debts, and this will make it much easier to handle your legal costs.