Are you considering filing for bankruptcy? This is a significant step that can help you to regain a good financial stand. However, it won’t be a cakewalk. While you have the right to do it without a lawyer, enlisting a professional is recommendable. Finding a reliable and reputable bankruptcy lawyer in Woodland Hills isn’t such a challenge. But why would you spend more hiring a lawyer while working on getting out of a financial jam? Here are some of the reasons stressing the need to hire a bankruptcy lawyer.
Bankruptcy isn’t always the best solution. A lawyer knows this, meaning that they’ll provide you with all the alternatives you can pursue. If bankruptcy is your best option, they’ll help you understand various considerations to realize desirable results. For instance, would it be best to go with Chapter 7, or would Chapter 13 deliver better results? Chapter 7 could wipe clean all unsecured debts, but it is harder to pursue. On the other hand, Chapter 13 is easier as it lets you pay your debts over time, but this might mean you won’t significantly lower the money you owe. With such information at your fingertips, you’ll make a better decision. This stresses the need to enlist an experienced bankruptcy lawyer for professional input.
Navigating the legal procedures
The bankruptcy process is not that straightforward. The deadlines, documents; are you confident you are doing it right? Bankruptcy lawyers know the ins and out of the legal procedures. With their guidance, you’ll realize a better process, helping you to conclude it as fast as possible. Second-guessing every move won’t derail the process; you’ll have an experienced pro by your side that has gone through the process many times.
Do you dread picking the phone, checking your mails, or being at home/office? It is normal; some of the people you owe can be tough as they look to collect. Handling creditors is easier with a lawyer. All their queries are directed to the bankruptcy lawyer, giving you the peace you need to carry on. If it gets out of hand, the lawyer can pursue legal action, such as filing a restraining order, keeping the creditors in check. You are dealing with enough stress. Hiring a lawyer takes significant off your shoulders, giving you peace of mind to focus on what comes next.
Among the concerns that could land you in trouble is bankruptcy fraud. Committing bankruptcy fraud could lead to serious consequences, including serving jail time. You might not do it intentionally, but the court won’t see it that way. It might be an asset you forgot to list. With an experienced bankruptcy lawyer in Woodland Hills, such concerns are eliminated. The lawyers are thorough, ensuring that you follow the due process and do it right. This saves you time, money and delivers the best possible outcome.
After concluding the bankruptcy process, all is not done. Some creditors could violate the terms and try to collect a debt. A bankruptcy lawyer can help you deal with post-bankruptcy discharge violations and help you plan for the next steps to regain a good stand.