With all the changes to the bankruptcy code that were made back in 2005, it’s become apparent that it’s next to impossible to navigate the new law without a bankruptcy attorney. When you look at the pros and cons of having a bankruptcy attorney help you file anyways, that does strongly outweigh the cons. When you think about it, the only negative to hiring a bankruptcy attorney is a cost. If you’re filing bankruptcy under Chapter 7 that cost is really not that expensive when considering the amount of debt you’ll be wiping out in the bankruptcy discharge. If it’s the case of filing a Chapter 13 bankruptcy, that can be a little more pricey. A Chapter 13 bankruptcy case can be quite complicated and time-consuming. Because of this, bankruptcy attorney will charge a little bit more, but when you consider the value you are receiving by having a qualified attorney to negotiate a payment plan with the bankruptcy trustee there is probably no way you could go it alone.
When filing bankruptcy, it’s important to find an attorney that you are comfortable with and one that is experienced in your personal situation. It’s not a good idea to get a general practice attorney that is a jack of all trades practicing in all kinds of law. Bankruptcy has become a complex form of laws since the changes in 2005. Finding a bankruptcy attorney that you are comfortable with, will allow you to speak freely about your personal situation you’re going through. If the debtor feels intimidated by their attorney, many times they will hold back information, almost like they’re embarrassed about their failures. With a bankruptcy filing being information driven, it’s necessary to lay all your cards on the table. The bankruptcy trustee requires all debtors to be completely honest when filing bankruptcy. When the bankruptcy attorney has been given all debtors information, they truly mean all.
The first step to financial freedom is to . After filing for bankruptcy many debtors feel like the weight of the world is lifted off their shoulders. Consult the bankruptcy attorney can find out if Chapter 7 or Chapter 13 bankruptcy could help you eliminate your debt.