Why Do You Need A Bankruptcy Attorney When Filing A Case?

Filing for bankruptcy can be a difficult decision to make. Understanding what bankruptcy entails and the potential consequences of filing is essential. One of the most important decisions you will make when filing for bankruptcy is whether or not to hire a bankruptcy attorney. This article will discuss some advantages of hiring a bankruptcy lawyer when filing your case in court.

 

Can You File For Bankruptcy On Your Own?

The bankruptcy process can be complicated and confusing. There are different types of bankruptcy, and each has its own rules and procedures. Filing for bankruptcy without the help of a bankruptcy attorney can be risky. If you make a mistake, it could delay your case or even lead to your case being dismissed. 

 

An experienced bankruptcy lawyer will know how to navigate the bankruptcy system and protect your rights. An Austin bankruptcy attorney can also help you determine which type of bankruptcy is right for you and assist you in gathering the necessary documentation.

 

Advantages Of Hiring A Bankruptcy Attorney

There are several advantages to hiring a bankruptcy attorney when filing for bankruptcy. These include: 

 

Protection From Creditors

Once you hire a bankruptcy lawyer, your creditors must contact your counsel instead of you, which can help relieve some of the stress and harassment associated with bankruptcy. An experienced Austin bankruptcy attorney will also know how to deal with creditors and can negotiate with them on your behalf. 

 

File The Right Bankruptcy For Your Situation

There are different types of bankruptcy, each with different rules and consequences. An experienced bankruptcy lawyer will be able to help you determine which type of bankruptcy is right for your situation and assist you in gathering the necessary documentation. 

 

Assistance With The Bankruptcy Process

A bankruptcy attorney can help you understand the process and ensure that you file all necessary paperwork correctly. Your attorney can also represent you at your meeting of creditors, which is a hearing where your creditors can ask you questions about your bankruptcy case. 

 

Protect Your Credit Score

Filing for bankruptcy can hurt your credit score. However, an experienced bankruptcy attorney can help you protect your credit score by negotiating with creditors to have damaging information removed from your credit report. 

 

Protection Of Your Assets

An experienced bankruptcy attorney will be able to help you protect your assets during the bankruptcy process. In some cases, it may be possible to exempt certain assets from being liquidated, or sold, to pay off your debts. 

 

Peace Of Mind

Hiring an Austin bankruptcy attorney to handle your bankruptcy case can give you peace of mind. You will be assured that someone familiar with the bankruptcy process is taking your case and knows what to do to protect your rights. 

 

Disadvantages Of Filing Bankruptcy Without An Attorney

 

There are also several disadvantages to filing for bankruptcy without an attorney. These include: 

 

Potential For Mistakes

As mentioned above, the bankruptcy process can be complicated and confusing. Without the help of a counsel, you may make a mistake that could delay your case or even lead to court dismissal.

 

Less Likely To Receive A Discharge

If you file bankruptcy without a bankruptcy lawyer, you may be less likely to receive a discharge; a court order relieves you of responsibility for repaying certain debts. 

 

May Lose Certain Assets

Without the help of an experienced bankruptcy attorney, you may lose certain assets during the bankruptcy process. On the other hand, hiring one can protect your interests and certain assets. 

 

Higher Cost In The Long Run

While hiring a bankruptcy lawyer may cost you money upfront, it may save you money in the long run. An experienced bankruptcy attorney can help you protect your assets and handle your case correctly. 

 

The Lincoln-Goldfinch Law Firm

If you are considering filing for bankruptcy, it is crucial to speak with an experienced bankruptcy attorney. The bankruptcy process can be complicated and confusing, and many potential risks are involved. An attorney can help you navigate the bankruptcy system and protect your rights. 

 

The Lincoln-Goldfinch Law Firm’s bankruptcy attorneys have over 30 years of combined experience handling bankruptcy cases. They are here to help you every step and will work tirelessly to ensure your rights are protected. Contact them today for a free evaluation.