If you’re in major financial trouble, one way to get out of it is by declaring bankruptcy. However, it can be a complicated process and all types of bankruptcies require different things. This is why you should work with a lawyer. While it might seem like just enough expense in a stressful money situation, it is worth the cost. Bankruptcy lawyers will be able to lead you through the process. A chapter 7 lawyer will be able to help you with a chapter 7 bankruptcy, providing you with the information you need in that specific situation. Likewise, other lawyers will be able to help with other types.
While bankruptcy might be new for you, your lawyer will have experience with active bankruptcies. They’ll be able to steer you through the legalities of the process without fear or judgment. There are advantages and disadvantages of filing bankruptcy and by hiring a lawyer to help you, you’ll be able to get accurate information on all of them in order to make the right decision to repair your financial health.
Filing a Chapter 7 bankruptcy or a Chapter 13 bankruptcy can be a great opportunity for you to get out of or manage your overwhelming debt and secure a fresh start with your finances. However, the average person knows little to nothing about bankruptcy law. Luckily, there are a few resources you can use to help you know how to successfully file your bankruptcy and move on with your life.
Here are four places you can go to find bankruptcy help — some for free!
1. The Internet: For general research on how to file bankruptcy, the Internet is a fantastic resource, no matter if you’re looking for Chapter 7 or Chapter 13 bankruptcy information. However, you shouldn’t rely on the web alone for bankruptcy help, as its information doesn’t take into account your own personal situation.
2. A Chapter 7 or Chapter 13 bankruptcy attorney: While you can technically file for bankruptcy without an attorney, most experts advise that you don’t. Bankruptcy attorneys are the best source of bankruptcy help because they can work with you one-on-one to assess your situation, represent you in court and help you successfully fill out the bankruptcy paperwork. If you don’t file bankruptcy correctly the first time, you could risk getting denied if you try to file a second time.
3. A pro bono lawyer directory: Not everyone can afford bankruptcy help from a paid attorney. Luckily, for people with financial hardship, there are websites that list attorneys who will represent you and give you bankruptcy help for a reduced or waived fee.
4. A pre-bankruptcy counselor: Going through pre-bankruptcy counseling is actually a requirement for people trying to file bankruptcy. While you do have to pay for it, this bankruptcy help can help you assess your finances and really take a look at whether or not bankruptcy is the right option for you. More on this.