If you are planning on declaring chapter 7 bankruptcy, it is time to find a lawyer. A legal professional may not be necessary to go through this process, but it will make it as easy as possible. Find out what an attorney will do to improve your chances of success in this procedure.
One of the first important details of declaring chapter 7 bankruptcy is ensuring that you are even eligible. If you just start the process without checking the requirements, you may end up paying a filing fee and obtaining the necessary paperwork for no reason. A good lawyer can start the case by checking to see if you qualify before you go through any trouble. In fact, most lawyers offer a free initial consultation, allowing you to find out if you have a strong case before spending any money.
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Not only should an attorney check to make sure you are eligible, but he or she should also ensure that it is the best move for you. If you have several assets you stand to lose, and not a lot of debt, you may find that you are better off taking a different route. Your legal representative can offer advice since he or she is hired to look out for your wellbeing rather than that of the court or creditors. For this reason, it is often worth it to hire an attorney, as you may find out that you do not even need to go this route.
Declaring chapter 7 bankruptcy is typically fraught with tons of paperwork, deadlines, and regulations that you must follow. A good lawyer can help you through each step, breaking down the process so that it is not so overwhelming. Having the stress lifted off your shoulders in this way is usually worth the money you will pay for an attorney. Additionally, the automatic stay that you will probably also get, which keeps creditors from calling and demanding their money, is also a stress relief.
These are just some of the main reasons that finding a legal representative prior to filing for chapter 7 bankruptcy is a good idea. If you do not have the money to take this route, you may be able to get an attorney who takes payments, or does not charge you until the end of the case. After all, most people have no money when they file, but are able to pay at least something after months of freedom from overdue bills. Thus, it is often worth it to find a good lawyer near you before filing.
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