The Reasons Why You Want to Hire a Bankruptcy Lawyer
November 2, 2023 By: Carrie Weir
Why It’s Not a Good Idea to Handle Your Own Filing
You’re struggling to meet your financial obligations, either because you lost your job, you’ve been sick or injured, or you’ve gone through a divorce. You may not own a lot of property and your financial circumstances may seem simple. Should you consider handling a bankruptcy filing on your own? What are the benefits of working with a knowledgeable bankruptcy attorney?
How a Bankruptcy Lawyer Can Help You Get a Better Outcome
Though it may seem simple, the bankruptcy process can get complicated in a hurry. It’s almost always to your benefit to hire an experienced bankruptcy lawyer. Here’s why:
- A good bankruptcy attorney will help you determine whether bankruptcy is really in your best interests. Will you be able to discharge the debts that are causing most of your problems? Would it be easier to work directly with your creditors and put together a repayment plan?
- An experienced bankruptcy lawyer will be able to immediately advise you as to whether you qualify to permanently discharge debts through Chapter 7, and will help you decide the best course of action, should you have options.
- A proven bankruptcy attorney will know what assets you can keep, as well as what debts may be discharged. Though Texas has among the most liberal bankruptcy exemptions in the nation, you still want a knowledgeable person to ensure that you get to keep as much as possible.
- A knowledgeable bankruptcy lawyer can help you determine whether to file your bankruptcy petition before or after a divorce, and can help you understand the potential tax implications of a bankruptcy petition
- An experienced bankruptcy attorney can provide counsel on whether you should continue making payments to creditors
Contact an Experienced Rockwall, TX Bankruptcy Attorney
You can convert a Chapter 13 bankruptcy filing to a Chapter 7 liquidation At the Law Offices of Carrie Weir, all potential clients are entitled to a free initial consultation. To arrange an appointment, contact my office online or call 972-772-3083. I handle Texas personal bankruptcy filings in Kaufman County, Rockwall County, Collin County, Dallas County, Hunt County and the surrounding counties.