One of the most confusing and stressful things is to declare yourself bankrupt. For any individual or company to declare bankruptcy, it is important to hire a bankruptcy attorney. The attorney is well experienced and qualified to deal with cases involving bankruptcy. To ensure that all your paperwork is in place, you need to consult your attorney. Here is what you can expect from an attorney who will be working on your bankruptcy case.
What Type of Bankruptcy are you planning to file?
Before filing bankruptcy, it is necessary to know the type of bankruptcy that you are eligible for. There two types of bankruptcy – chapter 7 and chapter 13. To choose which one to file under, you need to understand these chapters and also abide by the requirements under them. This can be complicated and confusing if you are not sure what needs to be done. Your attorney will be the best person to help you in filing bankruptcy and choosing the right type for you.
Represent you for your Hearings and Guide you
Meeting your creditors is necessary while filing bankruptcy. While these creditors may be worried about their money, an attorney can help you in handling the situation better. You may also be required to go for hearings where you need to very careful while dealing with other lawyers or judges. Being an expert in bankruptcy, your lawyer will ensure that you are well prepared to go for hearings and meetings. He or she will also ensure that represent your case in the court to reduce your stress.
Help you with your Assets Handling
In both the bankruptcy types, certain assets are exempted and certain that need to be sold. Choosing a wrong chapter for filing bankruptcy can lead you to more problems. Hence, your attorney will help you with your assets and guide you accordingly. He or she can help you in choosing the assets that you can keep and the ones that need to be sold.
Della with all your Paperwork for Bankruptcy
While filing bankruptcy, your paperwork must be done properly and efficiently. This can be complicated as you need to declare your assets and liabilities under this category. Doing it you can take time and mistakes can be made. An attorney knows how to prepare and process the bankruptcy paperwork and hence, can do it for you easily.
Hiring a bankruptcy lawyer will be helpful in many ways as they can also help you with workers’ compensation. A worker’s compensation attorney can help you in dealing with your workers during bankruptcy.