Why is It Important to Meet an Attorney Pre-Bankruptcy?

While many people fear having to deal with creditors and debt collectors, there are different ways to help them get caught up on payments, including bankruptcy. Bankruptcy allows you to Press The Restart Button of your life by removing your debt and giving you a new financial chance.

But, before you can file for bankruptcy, you must meet a knowledgeable and experienced bankruptcy attorney who can help protect your rights and interests.

Why is it important to meet an attorney before filing for bankruptcy? Here are just a few reasons.

  • To understand whether bankruptcy is necessary for you

Not every debt problem is a good case for bankruptcy. Your attorney can advise you about the advantages and disadvantages of filing for bankruptcy. In addition, your attorney can also explain your alternatives and help you decide what is beneficial to your financial needs. If you are unsure whether or not bankruptcy would benefit you, it is best to meet with your attorney to discuss your options.

  • To maximize the benefits of filing for bankruptcy

Proper research and meetings with an experienced attorney before filing bankruptcy are essential in order to receive the most possible benefits after you file. You cannot afford to file bankruptcy without the right information and advice. Attorneys have the knowledge necessary to provide you with the most positive outcome.

  • To prepare yourself for the process of filing for bankruptcy

Getting your affairs in order and learning about your rights and responsibilities as a debtor is a vital part of meeting with an attorney before filing. Your attorney will discuss your responsibilities in detail during this process, which will prepare you to go ahead with the rest of the legal process.

  • To choose the right type of bankruptcy

There are several different types of bankruptcy that can be filed, and you will have to choose the one that works best for you. Your attorney will decide which is most effective after a discussion with you about your financial situation and future plans.

  • To complete the paperwork

It is extremely important for you to complete the paperwork correctly. If you do not, this could put your case at serious risk. Filing for bankruptcy is a legal process, and it requires specific information and evidence in order to be effective. Eliminating this paperwork can leave some cases vulnerable, so meeting with your attorney beforehand will help you avoid errors that could jeopardize your case.