If you are struggling to pay mountains of debt and you don’t see a way out, bankruptcy may be the best option available to you. When you file for bankruptcy, you are given tools that help you manage or even eliminate your debts so you can begin working toward financial recovery. However, attempting to file for bankruptcy without legal guidance is not recommended. Below are some of the benefits of hiring an experienced bankruptcy attorney near Atlanta.
1. A chance to explore alternatives to bankruptcy.
Bankruptcy is not the best option for every person who has significant outstanding debt. When you work with an experienced bankruptcy attorney, he or she will typically take the time to review your situation and explain all the options available for debt relief. You will also have an opportunity to ask questions about each available option so you can make the best decision for your family.
2. Discussion of different bankruptcy options.
More than one type of bankruptcy is available to United States debtors, and each type of bankruptcy offers different advantages and disadvantages. In addition, the requirements to file differ from one type of bankruptcy to the next. Your bankruptcy attorney will explain every type of bankruptcy available to you and help you decide which approach would be most beneficial. For example, if you have enough assets to repay most of your debts over time, Chapter 13 may be the best option. If your income and resources are more limited, however, the attorney may recommend Chapter 7 bankruptcy.
If you choose a type of bankruptcy that has specific requirements for filers, such as the Chapter 7 Means Test, your attorney will review your information to make sure you can satisfy the requirement before advising you to file.
3. Guidance throughout the process.
The process of filing for bankruptcy and meeting all the court’s requirements while the case is active can be taxing for anyone. Your bankruptcy attorney has experience with this process, and he or she will be able to provide you with the guidance and assistance you need every step of the way. As you fill out paperwork, submit it to the court and work to satisfy any stipulations, your attorney will also be available to answer your questions and address concerns.
4. Peace of mind.
Filing for bankruptcy can be overwhelming, especially when you aren’t sure how to proceed or what will happen. Having the right attorney on your side eases your anxiety immediately by giving you access to wealth of information and experience. With an experienced bankruptcy attorney representing you, you won’t go through any part of the bankruptcy process alone.
If you are dealing with an overload of debt and you are interested in learning more about bankruptcy, it is time to contact a bankruptcy attorney near Atlanta. Please call Clark & Washington LLC today to schedule a consultation.