If you are considering bankruptcy, you are already stretched thin financially. Maybe you think that bankruptcy cannot be that complicated and you can figure it out on your own. Besides, if you had money to pay a lawyer you would not be filing for bankruptcy any ways. It is possible to file the paperwork by yourself, in the long run you will find that hiring a Bankruptcy Law firm will save you money, time and stress.
First, you may not need to file bankruptcy at all. There are other options to lower your debt and pay affordable monthly payments. You should consult a bankruptcy lawyer to see if you even need to file for bankruptcy.
Bankruptcy attorneys are familiar with constantly changing bankruptcy laws. If your research is out dated or incorrect, you could make costly errors without even knowing it. This can lead to bankruptcy savings. For example, not every type of debt can be discharged under bankruptcy. Which debts you can get rid of will also depend upon your situation. Laws are different in each area, and a local attorney will know how local laws can work in your favor to save you money. If you are considering bankruptcy in Miami, you should hire an experienced bankruptcy attorney who knows the laws in Florida. Your lenders have a full team of lawyers on their side; shouldn't you have someone who understands the laws defending your rights?
Hiring a bankruptcy attorney can save you more than money; it can also save you from months of headaches and stress. And it will save you from those harassing phone calls from creditors demanding payments. As soon as you hire a bankruptcy attorney, your creditors are legally required to contact your lawyer not you. Removing this burden is reason enough for many people to hire a lawyer to represent you.
If you decide to file for bankruptcy on your own you can expect to fill out over 50 pages of paper work written in law terms. They must be filled out correctly and then filed on time. After you submit paper work, the courts may come back and ask for more information that you must provide to them in a timely manner. If you are late, missing papers or makes a mistake on any of your paper work, it can result in you still having to pay certain debts, or your courts and creditors may choose not to honor your request for bankruptcy and reject the proposal. If you make a mistake, you could be held legally responsible and charged with fraud for misleading the courts, even if it was an honest mistake. You need to hire a lawyer who will not make those mistakes and leave you at risk.
Filing bankruptcy is a very stressful decision to add to an already financially stressful situation. Look for bankruptcy testimonials if you are still not convinced that you really must hire a lawyer. Ask other people who have filed why they hired a lawyer and how it helped them.