When an individual is filing for bankruptcy, one of the first questions they typically ask is, “Do I need a lawyer for this?” While you don’t legally need a lawyer to file for bankruptcy, a Euless bankruptcy lawyer can make the process much smoother and can ensure that everything is done absolutely correctly and down to every letter of the law. Consider this: when it comes to something as important as your financial future, it makes sense to work with a trusted professional that knows the ins and outs of bankruptcy law and who will work with your best interests in mind. Declaring bankruptcy can be your chance to get what is often referred to as a “clean slate, and it can make a huge impact on your life.
Working with a bankruptcy lawyer can make it easier to determine which of your debts can be discharged and which ones cannot. Whether you are filing for Chapter 7 bankruptcy (the most typically option for consumers), or the larger Chapter 11 (intended for large organizations), working with a bankruptcy makes the process easier, as not all types of debts are looked at the same way.
If you are in danger of losing your home, are seriously behind on debt payments or have other major financial hardships going on, filing for bankruptcy can be an incredibly smart path to take. By taking advantage of the credit counseling that most states now require you to take if filing for bankruptcy, and learning how to properly manage your finances once your case has gone through the court system, you’ll be well on your way to a positive financial future instead of drowning in debt and living in fear. It’s a smart path to a healthy financial outlook.