One of the easiest ways to get out of burdensome debts is to file for bankruptcy. You can file for bankruptcy when you lose your job, incur significant medical expenses, encounter marital problems, or when you have severely extended credit. Some emergencies that lead to financial difficulties are unforeseeable, but you still need to protect yourself when they occur. You can seek relief from the debts through an order imposed by a court of law. As the initiator of the court proceedings, you can choose to represent yourself or hire a bankruptcy lawyer. This article explores several duties of a bankruptcy lawyer and helps you decide whether you need one.
After filing for bankruptcy, you will often wonder which of your assets are safe from creditors. Other problems you may encounter include losing your credit cards, housing and job stigma, non-dischargeable debts, loss of real estate and property, and difficulties getting a loan or mortgage. Therefore, you should file your case in a way that best represents your interests. A bankruptcy lawyer helps you convey the facts of the case in a way that protects you. The lawyer also helps persuade the court about the authority it grants to the trustee. Bankruptcy lawyers advise you on the proceedings' possible outcomes, which ensures you make all the necessary arrangements to protect yourself financially. Therefore, this advisory role in complicated cases makes bankruptcy lawyers invaluable in the proceedings.
Handling Your Paperwork
The process of filing for bankruptcy requires you to fill a lot of forms. This process is tedious, and you can easily make mistakes. However, bankruptcy lawyers use specialized programs that prepare and file all the required paperwork. You can give financial information to the lawyer, including your debt, asset, expenses, and income data, and leave them to fill out the forms. The lawyer fills the forms and confirms with you to ensure the accuracy of the details. Your lawyer also handles any information that the court or trustee requires. This timely and accurate filling of necessary forms prevents delays or dismissal of your case.
Courts may require you to attend a mandatory hearing depending on the nature of your case. Your bankruptcy lawyer represents you during these hearings, especially the confirmation hearings and reaffirmation hearings. The lawyer also represents you in any objection or motion that you, your trustee, or creditors file. A bankruptcy lawyer also prepares you and advises you regarding your conduct during these hearings.
At the end of the bankruptcy proceeding, you expect to handle your debts civilized and formal way. The negotiation skills of the lawyer are essential in achieving such an end. A bankruptcy lawyer can negotiate with the court, your trustee, or creditors and reach a settlement that suits all parties. Lawyers have numerous options to resolve a bankruptcy issue without dragging you through embarrassing processes that could ruin your reputation. The bankruptcy lawyer proposes the optimal course of action that benefits you as the client by eliminating the emotions out of the process.
Bankruptcy lawyers are essential in providing expert advice, handling your paperwork, representing you in court proceedings, and negotiating with all parties involved in the bankruptcy case.