If you're contemplating filing for personal bankruptcy, it will be to your advantage to get a bankruptcy lawyer who can guide you through the process. For many people, declaring bankruptcy is the only recourse they have to get out of financial debt and start all over.
True, bankruptcy laws are enacted in order to allow people who have been bogged down by debts to be able to either get extensions on their loan deadlines or even better, to get pardoned from their debts. But declaring bankruptcy is not as easy as it sounds, because you would need to substantiate your petition and prove beyond unreasonable doubt that you are no longer capable of paying off your loans. This is where a good bankruptcy attorney can be of help.
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In 2005, the Bankruptcy Laws were revised by the Congress to discourage the abuse of bankruptcy and eliminate fraud. For these purposes, the laws were made more difficult and declaring bankruptcy has since become more complex.
One of the most significant changes is that a bankruptcy lawyer now has to vouch for the accuracy of his client's documents and is now personally liable if the client is proven to be guilty of fraud. The law assumes that the bankruptcy lawyer has done his own due diligence prior to assisting his client file for bankruptcy.
Choosing a capable bankruptcy attorney is critical to the success of the filing process. You will benefit from the knowledge and expertise that a good lawyer has on the field. It may result to a faster filing and a stronger case which guarantees approval of your declaration by the courts.
You can help your lawyer be successful in the case by providing him all the information that he needs and by being honest about your current financial situation. You will also benefit if you keep yourself informed so as to understand the ins and outs of bankruptcy. Try to get all your financial records ready as references for your lawyer and it will make your consultancy sessions flow smoother.
Your first dilemma of whether to file or not is the number one issue that you would need advice from your lawyer. You may get a biased opinion, because of course, your lawyer will get more fees if you continue to file for bankruptcy.
If you are looking for better chances of success in declaring bankruptcy, get a professional bankruptcy lawyer who can assist you in all the steps of the filing process. It may mean a more expensive filing, but one that has better chances of being approved by the courts.
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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