A Lawyer’s Place In Bankruptcy

Bankruptcy is a difficult thing to finally do. There are people that go months denying that they need to file for bankruptcy or putting it off because of pride, that it only winds up pushing them further into debt. At ADLI Law Group, we are extremely sensitive to our clients and recognize that while you may be seeking the guidance of a member of our team in your case, it isn’t going to be easy for you. If you know very little about bankruptcy, you may find yourself questioning where a lawyer’s place in it all is. We want to break down where our lawyers will be able to assist you in the process so that you can take a deep breath and finally find security in the choice to file bankruptcy.

What can a lawyer do for your bankruptcy case?

Filing for bankruptcy is much more difficult than you’d imagine it would be. As with most legal documents, filing for bankruptcy requires a pretty in-depth understanding of the law and where your rights fall in the mix of it all. A lawyer can provide you quite a bit of clarity as well as guidance on what will be best for you throughout the filing. Here are a few, more defined, ways that your bankruptcy lawyer will help with.

Should you be filing in the first place?

Sometimes people believe that filing bankruptcy is their only option, but that isn’t always the case. Working with a bankruptcy lawyer, you can believe that we have quite a bit of experience with the area and can provide you with a better understanding of if you should be filing for bankruptcy in the first place.

How does filing for bankruptcy even work?

If the bankruptcy attorney decides that filing for bankruptcy is something that you need to do, then it is time to gain a better understanding of what this process will look like. Understanding what the filing process requires can help you plan accordingly and be prepared for all of the documentation and results that are to come from filing. This is also a great way to get reliable answers, rather than trying to self-teach on the bankruptcy process and hurting yourself in the long run.

What are the consequences?

Filing for bankruptcy may feel like an out to a few your problems, but there are plenty of consequences that come along with it. Sitting down with a bankruptcy lawyer can provide a bit of insight into the consequence that you could be subject to by filing for bankruptcy. For instance, how will this change affect your taxes, your loans, your credit? You can gain a better understanding of what your financial future will look like by sitting down and having us analyze this.

What’s going to change?

Filing for bankruptcy can have a pretty immediate effect on various parts of your life that you may not have considered. For instance, will you be able to keep your home after you have filed for bankruptcy? What types of payment options will be available for your bills and credit loans once you’ve filed for bankruptcy? There is not one solid answer for any of these questions, so sitting with a bankruptcy attorney could provide you the insight that you need to at least get back on your feet quicker than you would on your own.

Working with a lawyer will often provide you greater results than choosing not to. This is especially the case for something like bankruptcy that will take a greater toll on you. This decision will affect your future for a foreseeable amount of time, so it’s good to
make sure that you’re making the right choice. You can count on our team to contribute to that decision all while having your best interest at hand, call today and let us guide you with your bankruptcy.