With unemployment and the economy in the dumpster, many Americans are coming to the conclusion that they might be facing bankruptcy. Going through a bankruptcy filing on your own can be a daunting and stressful task. That’s why if it’s even just for peace of mind a bankruptcy attorney is well worth the cost you pay them. When answer all the plaguing questions making you rest assured that you’re doing the right thing. With all the do-it-yourself books and software out there many individuals would like to attempt to go it alone. But since the changes to the bankruptcy code in 2005, it’s not advisable.
When the code changed in 2005 it added a means test to qualify for Chapter 7 bankruptcy. Many individuals, attempting to use a do-it-yourself service, find themselves at the meeting of creditors, being told that they do not qualify for Chapter 7. At this point, the individual might be forced into a Chapter 13 bankruptcy that they can’t afford. If they had the help of a bankruptcy attorney, they might have been able to postpone the filing a few months so they would qualify. Most people don’t understand it, but when it comes to filing bankruptcy, timing is an important factor.
Recently, creditors have been getting more and more aggressive with the large number of bankruptcy filings. Having the help of a bankruptcy attorney to ward off the threats of these aggressive creditors can make the filer sleep well at night knowing they have some recourse. When a debtor is buried under a pile of bills and then stressed for a long period of time the last thing they need to do is to worry about whether their bankruptcy will go through. Before making the decision to file, consult a bankruptcy attorney to have them layout all your options that will best fit your situation.