Bankruptcy can be a great option for those who need a fresh start in order to regain control of their finances. However, serious problems can arise for those who attempt to go through the bankruptcy process without expert legal counsel. Because the process of filing bankruptcy is tedious and complex, you need the help of an attorney to understand what you are (or should be) doing and to do it correctly. If you’re not yet convinced that hiring a bankruptcy attorney is necessary for you, read on for several reasons why it will be the best investment you can make during this time.
1. When you hire legal counsel for your bankruptcy case, you’ll be able to direct all of your creditor’s calls to your attorney. If you’ve got a good attorney on your side, he or she will also be proactive in working with your creditors in an effort to get them to stop harassing you.
2. There are different types of bankruptcy options based on the goal you want to achieve and your status as an individual or business. Your bankruptcy attorney will be able to clearly explain all of the options available to you and help you select the one that aligns most closely with your own financial goals.
3. Bankruptcy laws are complex, and you need the help of an expert who can help you understand how they affect your particular case. For example, you may be able to save money if you know that a statute of limitations can keep a creditor from pursuing an old debt in court.
4. You cannot afford to make mistakes in the bankruptcy petition process. If you do, you run the risk of losing out. A bankruptcy attorney will help you understand which of your possessions to include on the petition, how and where to list each possession, and how to proceed when you receive communication from your creditors or the court.
A bankruptcy attorney in Grand Rapids is absolutely essential to getting a favorable outcome in your bankruptcy case. Not only will they be able to help you understand your available options, but they’ll guide you through the process to help you avoid costly mistakes. With the help of a good bankruptcy attorney, you’ll be able to get the financial relief you need to regain control of both your finances and your peace of mind.
