The benefits of having a bankruptcy lawyer by your side

The bankruptcy attorney can accurately assess your financial situation.

Financial challenges can impact your personal life! Debt collectors will try to contact you by all means. And this ongoing contact, along with the self-generated stress associated with debt, can affect your health and the stability of your family.

Many people are caught up in this battle. But you might feel like you’re all alone. Therefore, you must take the crucial steps to reduce your debts. For this, you may need the help of a bankruptcy lawyer. For more information, you can consult Lincoln–Goldfinch Act.

The benefits of getting in touch with a bankruptcy lawyer

  • Support throughout the legal process

The bankruptcy attorney can make sure that he will allow you to handle the debt settlement process properly. A lawyer with the proper expertise will know about bankruptcy and debts and can help you better navigate the process. The lawyer will provide a smart solution to the problem to resolve all legal issues.

  • You will have an assessment of the financial situation

The bankruptcy attorney can accurately assess your financial situation. An expert lawyer will spend their time assessing the current financial situation and suggesting the best course of action. If you want to file, you will get a full overview of rights and responsibilities.

  • It allows you to safeguard your heritage and your property.

You can keep whatever you choose. If you want to repay creditors, you can liquidate some assets or properties in Chapter 7 bankruptcy, but not all. You can secure the goods well in case you file your papers properly. Therefore, when there is no bankruptcy attorney to help you, it can become difficult to keep the house and other assets.

  • The lawyer can help you negotiate with creditors for you

Creditors often refuse to negotiate with debtors. However, lawyers can handle this situation to convince creditors to settle the debt. You should know that creditors can cooperate better when you are represented by a lawyer. In addition, the lawyer will also suggest a repayment strategy based on the financial situation. And to settle the debt, all lawyers can resort to legal proceedings.

  • You can opt for meticulous paperwork

When filing Chapter 7, you must add a professionally drafted bankruptcy petition and dozens of supporting documents. The bankruptcy court can also delay the case and can dismiss it if there is a minor error. However, that won’t happen if you have an expert bankruptcy lawyer on your side. A bankruptcy attorney can help you avoid daunting collection calls.

When you have an attorney representing you, all creditors will be more cautious about the collection appeal. Your attorney will advise you of the FTC’s guidelines for handling collection appeals. In addition, lawyers can force creditors or representatives not to communicate if they share a registered letter. Therefore, the bankruptcy lawyer can play the role of intermediary between the debtor and the creditor.

Janet E. Fishburn