Your Guide to Debt and BankruptcyYour Guide to Debt and Bankruptcy

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Your Guide to Debt and Bankruptcy

About 10 years ago, I secured my dream job with one of the largest corporations in the country. The job came with a substantial increase in pay and I soon looked for a large house for my family. After living the life I dreamed of, I was let go from my current position. I had a large amount of savings, but the economy took a turn for the worse and savings were quickly drained. I soon became stressed about finances. I could not pay the mortgage and bill collectors started to call my house. I refused to be defeated though, so I met with a bankruptcy attorney instead. I live a much simpler life now with my family, and I want you to know that financial stress does not have to affect you for years. Read my blog to learn about bankruptcy, debt laws, and how to hire an attorney.

Two Reasons Why It's Such A Good Idea To Hire A Bankruptcy Lawyer

6 June 2016
 Categories: Law, Blog

Filing for bankruptcy can sometimes help you feel that there is a light at the end of the tunnel.  You may have been dealing with financial issues for months or even years, and have finally determined that bankruptcy is the solution that you need so you can get back on your feet.  However, bankruptcy is a legal procedure that can be quite complex to understand.  That's why it's so important for you to hire a bankruptcy attorney.  Learning more about the benefits of working with a bankruptcy lawyer can help you see why it's such a good idea for you to hire one today.

Bankruptcy Attorneys Give You Representation

One of the most compelling reasons why you should hire a bankruptcy attorney is because it means that you are immediately represented.  Your attorney will have the power to act and speak on your behalf, and this can be beneficial for many different reasons.

For example, after you've filed bankruptcy, the first thing on the agenda involves letting your creditors know that it has been done.  If you don't have much experience dealing with how to inform creditors of your filing, you may feel lost concerning how to go about the process.

That's why it's so valuable to have an attorney in your corner.  They will draft documents to send to each of your creditors so that they will be informed about the filing.  They will also let your creditors know about any hearing dates that may arise so the creditor can have the option of deciding whether or not to be in attendance.  In addition, you won't have to worry about fielding harassing phone calls anymore, since your lawyer will take over that portion of the process for you as well.

Bankruptcy Attorneys Offer Another Level Of Protection

Another reason why you should work with a bankruptcy attorney is because it offers you more protection.  In the event that your attorney makes a mistake in the filing, they can draw upon their malpractice insurance to compensate you for your losses.  If you choose to file on your own, you won't have this protection and may find that you still owe creditors that you assumed were apart of the initial bankruptcy filing.

Choosing to work with a bankruptcy attorney means that you'll have an experienced lawyer on your side to accompany you on your bankruptcy journey.  Contact the Law Office of Michael Alfano for more information.