Filing for bankruptcy can be hard and stressful possibly overwhelming but sometimes it may be the only option you have. Debt can be overpowering, and you may not be able to work out a reasonable payment plan with everyone you owe. While it may seem like there is a better way to get your finances back in order, hiring a good attorney to handle your bankruptcy might be your best choice. This protects you from making any mistakes in trying to do your own paperwork. A lawyer can help you file correctly so you can protect assets you want to keep. They can also inform you of any statute of limitations, which will also save you money. Here are a few more reasons you need to hire a good attorney to file bankruptcy.
Stopping Wage Garnishments
Debtors can request to have money you owe them, garnished from your wages. In order to stop this from happening, you may have to hire a good bankruptcy attorney. You can ask your job not to garnish wages, but there is no guarantee that they can prevent it from happening. A bankruptcy attorney can help put a stop to the garnishment By filing the correct paperwork.
Stop Harassment from Creditors
When you let your creditors know that you have retained an attorney, they can still legally contact you. They need to be made aware that you hired a lawyer and that is who they need to contact. A good attorney will contact the creditors and stop the harassing calls and mailings they send you.
Choosing the Right Bankruptcy
There are two types of bankruptcy: chapter 7 and chapter 13. Your attorney can explain the pros and cons of both chapters. You will see that the chapter 7 bankruptcy has an income limit, but is a quicker process. A chapter 13 bankruptcy has a 5 year payment plan, but allows you to keep the property you don't want to lose.
If you started researching the different bankruptcy options an experienced frederick bankruptcy attorney will also familiarize you with court procedures, the judge and the trustees. He will also help you eliminate as much debt as possible.