Why Choosing the Right Bankruptcy Law Firm Could Make a Huge Difference

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When you make the decision to file for bankruptcy, it’s wise to work with a bankruptcy law firm that can represent you and handle the legal process on your behalf. There may be many bankruptcy lawyers in your area to choose from. Picking the right attorney could make a significant difference in the outcome in your case and your overall satisfaction.

Bankruptcy is a complex area of law. You want an attorney who focuses on this specific field and has handled every aspect of consumer debt negotiation and litigation. An experienced bankruptcy attorney will be able to tell you if bankruptcy is the right choice for you. If so, they can create a long-term, achievable plan that meets your goals.

It’s also crucial that you find an attorney you’re comfortable with – someone who responds to your concerns and can explain your options in terms you understand.

At Loan Lawyers, we have helped over 6,000 clients in Florida manage their debt. We offer free consultations to discuss your options and see if we’re the best fit for you. Contact us now to find out more about our foreclosure defense, debt defense and bankruptcy law firm.

Plan Your Bankruptcy to Protect Your Assets

A successful bankruptcy petition requires careful planning to ensure that you can exit bankruptcy with as many of your assets intact as possible. The right bankruptcy law firm can first help you explore alternatives to bankruptcy for resolving debt issues – such as applying for debt consolidation loans, mortgage loan modifications, or negotiating a debt settlement agreement.

If you and your attorney decide that bankruptcy represents the best option in your case, your attorney can help you decide between Chapter 7 and Chapter 13 bankruptcy, including determining which form of bankruptcy will best help you achieve your financial goals.

If you choose to file for Chapter 7 bankruptcy, a knowledgeable bankruptcy attorney can help you protect as many of your assets as possible through available bankruptcy exemptions. Even if you choose to file for Chapter 13 bankruptcy, your attorney can also help you navigate the repayment plan process to ensure that you’ve protected important assets, such as your vehicle or your home.

Prepare All Your Petitions, Schedules, and Local Forms for Filing

The paperwork required to file for bankruptcy can seem incredibly complex to a layperson. Filing for bankruptcy requires you to provide detailed financial information about your assets, debts, and income. Making even a small, unintended oversight in your paperwork can lead to the dismissal of your case, extending the time it may take you to get bankruptcy relief. In certain circumstances, making errors in your filings may even expose you to allegations of bankruptcy fraud.

Having an experienced bankruptcy attorney to fill out all the paperwork required for your bankruptcy proceedings will help reduce the risk of errors in your paperwork that can delay the proceedings or even result in the dismissal of your case. If you decide to pursue Chapter 7 bankruptcy, a bankruptcy lawyer can walk you through the complex means test, which determines your eligibility to file for Chapter 7.

Represent You in Bankruptcy Court

Bankruptcies are heard in federal bankruptcy courts, which have particular rules and procedures. Although litigants representing themselves are granted a bit of leeway by courts, they are still expected to adhere to court rules and procedures. Failing to do so can lead to sanctions including the dismissal of your bankruptcy petition. A bankruptcy attorney will have familiarity with court rules and procedures and know what needs to be done to move your case along.

A bankruptcy case also requires you to work with the trustee handling your case, as well as with your creditors, who have a right to be heard or participate in certain proceedings during the bankruptcy case. Having a bankruptcy attorney to handle communications with the bankruptcy trustee and with your creditors can help ensure that your rights and interests are protected, especially if your creditors object to some part of your bankruptcy case. The right bankruptcy law firm can help take the stressful aspects of your case off your shoulders.

The Right Bankruptcy Law Firm Can Advise You Every Step of the Way

Your bankruptcy attorney can explain the entire process to you so that you will know what to expect throughout the proceedings, including:

  • Making sure you understand what goes on during the creditors’ meeting and during court hearings
  • What assets you will get to keep or may have to give up in bankruptcy
  • How long the process should take
  • When you should expect to receive a discharge of your debts
  • What debts you may still be responsible after your bankruptcy case.

Going into bankruptcy court can seem intimidating, but the right bankruptcy law firm will fully prepare you and put you at ease.

The right bankruptcy lawyer will advise you at every stage of your bankruptcy case, especially when filing for Chapter 13 bankruptcy and having to work through a three-to-five-year repayment plan. It can prove helpful to have responsive, skilled lawyers to turn to if, for example, your circumstances change and you need to seek a modification of your Chapter 13 repayment plan.

A helpful bankruptcy law firm will also make themselves available even after you’ve received a discharge from the bankruptcy court. Bankruptcy attorneys can help if creditors whose debt has been discharged still attempt to pursue collection of that debt. Your attorney can seek injunctive relief to prevent those creditors from contacting you, reporting that debt to the credit bureaus, or filing legal actions against you.

Most importantly, a good bankruptcy attorney will also prepare you for life post-bankruptcy, including providing advice and resources to help you rebuild your credit after your case. They can help you if you face difficulties securing credit, housing, or employment due to having a bankruptcy on your credit report. Bankruptcy should provide you with a fresh start on a path to financial health. The right bankruptcy law firm will work to make sure you don’t fall back into financial trouble after bankruptcy.

Contact Loan Lawyers Today

If you are considering filing for bankruptcy or are looking for legal assistance with debt problems, the foreclosure defense, debt defense, and bankruptcy law firm of Loan Lawyers wants to help.

Contact us today for a free consultation to speak to one of our knowledgeable attorneys about your case. Don’t hesitate to learn more about your legal rights and options and how our firm can help you pursue the outcome you are looking for in your case.