Many people, when faced with the decision to file for bankruptcy, would rather go it alone than have to spend more money hiring a bankruptcy attorney. However, bankruptcy law is very complex. There are many rules and requirements that must be met to have your petition granted by a court. If you are still thinking of whether or not to hire a bankruptcy attorney Topeka, KS the following factors may help you come to a quicker decision.
A bankruptcy attorney will help you in the evaluation of your financial situation. Many people considering bankruptcy are often under a lot of stress. They may therefore not be able to look at their financial situation objectively. An experienced attorney will assess your finances for the long term and short term and advise you on other options you may want to consider apart from filing for bankruptcy. They will be able to guide you through your options and help you decide if bankruptcy truly is the best solution to your current financial situation.
The primary function of a bankruptcy attorney Topeka, KS is to provide you with legal assistance throughout the petition process. This means that the attorney will help you determine which type of bankruptcy will be best suited for your situation and what your legal rights are under the United States Bankruptcy Code.
Many people think that bankruptcy law is like any other law and will be easy to interpret on their own. However, the many requirements and rules under the law make it hard for an inexperienced lay man to correctly interpret. Many people going it alone especially find the exemption laws in bankruptcy difficult to interpret. However, a bankruptcy attorney Topeka, KS will tell you exactly what you can exempt from the bankruptcy petition.
Filing for bankruptcy is not an easy decision to make. The process of filing the petition is also strenuous on the individual’s emotions. It is important to have someone who understands what you are going through with you. Your attorney can be the shoulder you lean on throughout the process. With their knowledge and experience they are better placed to answer your questions and guide you. They understand the emotional strain involved in these cases and will offer you advise when needed.
If your creditors are especially persistent in the collection of their debts, you can always refer them to your bankruptcy attorney. He or she will be able to explain your situation and what is being done about it. Most creditors will be satisfied with this and won’t bother you thereafter.
Many people who go it alone to save money and time find that their petitions fail. This is because courts believe that they have not followed all the requirements of the law. This wastes time and money.