Are you considering a Chapter 7 filing? When you file for Chapter 7 bankruptcy to get out of debt, one of the first steps you should take is to hire a bankruptcy attorney.
Navigating the complexities of bankruptcy law can be overwhelming. You need a skilled bankruptcy attorney to help you answer critical questions or correctly complete the process. A bankruptcy attorney has the experience you need to make your Chapter 7 filing as smooth as possible. While this might be your first time filing for bankruptcy, your attorney has been there and done that and has learned how to approach various situations best to give you the best outcome possible.
Learn more about the role of a bankruptcy attorney and how they can help you in a Chapter 7 filing.
Evaluate Your Financial Situation
One of the first steps a bankruptcy attorney will take is to evaluate your financial situation. They will do this for a variety of reasons, including:
· Make sure you’re eligible: An attorney will determine if you qualify to file for Chapter 7 bankruptcy. You must pass a means test to ensure your financial situation meets the criteria.
· Determine your exemptions: Your bankruptcy attorney will take inventory of your assets and determine what can be marked as exempt.
· Analyze your debt and income: They will review your finances to understand your financial picture and create a comprehensive strategy.
Prepare Documents for Your Bankruptcy Filing
A Chapter 7 filing involves a lot of paperwork that must be completed correctly and on time. A bankruptcy attorney will help you by performing the following tasks:
· Gather financial information: They will collect the necessary documentation for the bankruptcy filing. This can include financial documents, account information, tax returns, investments, retirement accounts, and more.
· Complete the legal forms: A bankruptcy attorney will accurately and thoroughly complete all bankruptcy paperwork. This will help you ensure you complete the paperwork on time and that it is filed correctly, helping you avoid delays or dismissal.
· Compile creditor information: An attorney will help you compile a detailed list of creditors and debts.
Represent You in Court
A Chapter 7 filing involves working with the court. A bankruptcy attorney will help in the following ways:
· Attend hearings: They will represent your interests during bankruptcy proceedings.
· Communicate with creditors: Your bankruptcy attorney will interact with creditors on your behalf.
· Address legal challenges: Attorneys will handle any objections or disputes that may arise throughout the bankruptcy process.
Provide Post-Bankruptcy Guidance
You might need your bankruptcy attorney to help you even after your bankruptcy is finalized. They can help you:
· Develop a financial plan: A bankruptcy attorney can provide advice on rebuilding your credit and financial stability.
· Address legal concerns: After your bankruptcy is finalized, an attorney can provide support if you have any lingering legal questions or need additional legal advice.
Hiring a qualified bankruptcy attorney gives you assurance that your bankruptcy can be completed accurately. It also gives you a resource to ask questions and provide guidance throughout the complicated process. Each Chapter 7 bankruptcy case is unique, and it’s essential to have an expert who is fighting for you and your best interests and who can take the time to evaluate your circumstances and desired outcomes.
Let Us Help You With Your Chapter 7 Filing
If you are filing for Chapter 7 bankruptcy, hiring an experienced and qualified bankruptcy attorney is essential. Let our lawyers at the Law Offices of Alexzander C.J. Adams, P.C. help. We work for you, the people, and not institutions. Contact us for a free case evaluation or no-obligation consultation. We are dedicated to helping you overcome this minor bump and get on with your life.
