When it comes to filing for Chapter 7 bankruptcy, you have two options available to you: filing on your own and seeking help from an attorney. While it is possible to file for bankruptcy yourself, there are a host of benefits that you’ll miss out on if you do so -; some of which can help you avoid making your bad financial situation worse. If you’re seriously considering representing yourself during your bankruptcy case, read on to discover why you may want to change your mind about doing so.
1. Failing to complete your paperwork or filing procedures correctly could end up costing you more than your attorney’s fees would have. Those who don’t have an expert understanding of bankruptcy laws are much more likely to make mistakes in the process. Unfortunately, the bankruptcy courts are not usually forgiving of these mistakes. Without the help of an attorney, you may be putting yourself at risk for losing your tax refund check, precious belongings, or even your home.
2. Filing for Chapter 7 in Casa Grande AZ is not a one-size-fits-all approach. Generic forms and advice is dangerous when it comes to bankruptcy because they don’t provide you with instructions that are specific to your case. With all of the decisions that you will have to make (for example, which assets to include or whether to sign a reaffirmation agreement), you’ll need the help of a lawyer to ensure that you don’t make the wrong one and negatively impact your financial future.
3. Those who are filing for Chapter 7 bankruptcy need to realize that what they do with the money they have matters in the bankruptcy filing process. If you have income from a legal settlement or an IRS refund, the courts will want to know how you’ve spent it. When you rely on the help of a knowledgeable attorney, they will show you how to protect these assets so that they aren’t taken from you during the bankruptcy proceedings.
Once you decide that you’re ready to file for Chapter 7 bankruptcy, the next step is to speak with a bankruptcy attorney who has the necessary experience to ensure that your case is successful. Click Here to find out how you can get in contact with someone who will work with you to get your finances back on track so that you can get back to focusing on what really matters in your life.
