Filing Bankruptcy is a difficult decision to make. In 2010 over 1 million Americans filed personal bankruptcy in order to improve their financial situation. Bankruptcy can help you prevent foreclosure of your home, stop debt collector harrassment and get a fresh financial start.
Many people turn to a bankruptcy attorney for help. Bankruptcy Lawyers can help explain bankruptcy law and ensure that the bankruptcy process goes as smoothly as possible. If you're considering bankruptcy and need help understanding your options, BankruptcyHome.com can help. We offer a Bankruptcy Case Review form that will connect you to a bankruptcy law firm near you that will answer your questions for free.
Why Use Bankruptcy Attorneys?
It is possible to file a bankruptcy without legal help, but the process can be much longer, more complicated, and a lot riskier. There are lots of rules to follow in a bankruptcy filing, and a bankruptcy attorney can help you better understand the rules that affect you. Besides answering questions and explaining bankruptcy laws, a bankruptcy lawyer can help negotiate with creditors and prevent common mistakes that can lead to bigger problems in the long run. A bankruptcy attorney can also protect against creditor harassment, ensure that you’re not being abused, and give you tips on staying ahead financially after you are discharged.
How Can Bankruptcy Lawyers Help You?
Bankruptcy lawyers are your first line of defense against creditors. Once you’ve retained legal aid, creditors can only contact you through your bankruptcy lawyers, and they can no longer solicit payments. A Bankruptcy lawyer can also explain how bankruptcy works, what your rights are, and what your obligations are to the court and creditors. They can also help you through the means test, where your finances are assessed to see what kind of bankruptcy best suits you. Most importantly, bankruptcy lawyers give you the peace of mind of knowing you’re working with professionals who can help you come out on top.
Bankruptcy Protections – What Are They?
Personal bankruptcy offers two key legal protections – one that begins the moment that you file bankruptcy and one that take effect when your case is finished. The first is called the Automatic Stay. This is a court order that makes it illegal for your creditors to call you, send letters for payment, or garnish your wages during your case. It can also halt foreclosure and repossession efforts in their tracks. The automatic stay typically goes into effect once the bankruptcy court clerk receives your bankruptcy petition and last for the duration of your case.
