So you've made the decision to file for bankruptcy, and you're wondering whether you can take care of everything on your own. First of all, I hope you have made this decision after carefully exploring all of your options and speaking with a professional such as a bankruptcy lawyer or financial advisor.
Assuming that you've already studied your options carefully and have concluded that bankruptcy is the best option for you and your family, you then have to decide how to go about doing so. If you've been thinking about trying to declare bankruptcy by yourself, let me just say that that is not a good idea.
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Why is it so important to have a good bankruptcy lawyer by your side? Well, the new bankruptcy law that Congress passed a few years ago has made the process more complex and requires additional legal understanding that most people simply do not process.
Not just any lawyer would do, however. You need someone who specializes in bankruptcy law and can help you understand how the bankruptcy code applies to your specific set of circumstances. Someone practicing general law may not be able to keep up with all the latest rules and developments, including the latest court rulings that shed additional light on the statutes.
If you're worried about how you would pay for your legal fees, keep in mind that a successful bankruptcy case will help you with all of your previous debts. This should make it much easier to pay your lawyer . Also, your lawyer will probably be able to make some arrangements with you so that you can pay off the fees gradually.
Always remember that bankruptcy is a significant financial step and should not be entered into without a lot of thought and a good legal counsel by your side.
Is Bankruptcy Right For You? Talk to Bankruptcy Attorneys Free and Confidential. Licensed bankruptcy attorneys are available. Attorneys will call you to discuss your case for free. Find out if bankruptcy is right for your situation.
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