Why Hire a Bankruptcy Attorney

Any major decision in life that can have serious legal ramifications requires the counsel of an attorney, and filing for bankruptcy is no different. While filing for bankruptcy may seem fairly straightforward, such a life-altering decision should not be attempted without the help of a professional who has the experience to provide you with legal guidance. If you are thinking about filing for bankruptcy but aren't sure where you should go from there, or even if it is a good idea to file a petition in the first place, then you truly need a Memphis bankruptcy attorney to give you the advice and guidance you need!

What a Bankruptcy Attorney Can Do for You

Many people are hesitant to hire an attorney, and this is for a variety of reasons. Namely, people feel intimidated about hiring an attorney, and they want to avoid the fees involved. Anyone with experience in legal matters will tell you that the price paid for an attorney is always worth it. Read on to learn more about what a bankruptcy attorney can do for you:

• Filing for bankruptcy can be complicated: Yes, it is possible to file for bankruptcy on your own. However, doing so puts you at risk in a variety of ways. Bankruptcy attorneys will help you to be timely with completing all you need to have your petition granted, and he or she will help you to avoid major mistakes which may result in a dismissal of your petition. 
• A bankruptcy attorney will help you determine whether or not to file. In many instances credit counseling or debt consolidation may be a better option for you than filing for bankruptcy. An experienced attorney can help you to make that decision, and will help you to inventory your finances in order to make an informed decision as to whether or not to file.
• An attorney will help you file the right chapter: There are several types of bankruptcy available to you, and an attorney can help you to choose the right one. For instance, most individuals file for Chapter 7 bankruptcy, as it allows for total debt forgiveness. Chapter 13 is also a popular option for those who do not wish to get rid of their debt but need help managing it more effectively. An attorney will educate you about your options and help you to weigh them carefully.
• An attorney will provide relief from creditors: If you are experiencing constant and persistent harassment from your creditors, an attorney will get your lenders off your back and provide the relief you desperately need. An automatic stay will be granted with your petition so that you do not have to avoid your phone or your mailbox.
• An attorney will help you avoid mistakes: There are several major mistakes that can be made before, during, and after filing a bankruptcy petition. Your bankruptcy attorney is aware of all of them, and will help you to avoid making these mistakes in ignorance. This much-needed advice will keep you on track and will result in a favorable outcome instead of a possible dismissal of your petition.
• An attorney will save you time and energy: Once you hire a Memphis bankruptcy attorney to handle your bankruptcy petition, you will no longer find yourself consumed with your financial predicament. Your attorney will not only stop your creditors from hassling you, but they will take care of all the paperwork involved in your petition, set up your creditor's meeting, and do everything else to move your petition forward so that you can be that much closer to relief from debt and forgiveness of past mistakes. 

 

Source : articlesbase.com