Bankruptcy Law

 

 

Bankruptcy Law in the U.S.

 

If after many efforts, you still find yourself suffering from out of control debt, bankruptcy may be an option for you.

 

Although extreme with a negative connotation in multiple ways, many people have begun their journey to financial recovery after filing for bankruptcy. 

 

It's not a scenario anyone wants to face – drowning in an ocean of debt. If your financial situation has taken a turn for the worse, and the bills are starting to pile up, you've probably considered filing for bankruptcy. This includes over 1 million people within this past year alone.  Filing for bankruptcy doesn’t have to be a financial catastrophe – especially with the representation of a qualified bankruptcy attorney. Not only will they reduce the complications associated with it, but they will also protect as many of your assets as possible.

Is a Bankruptcy Attorney Really Needed?

After making the decision to move forward with your bankruptcy, your next question is likely whether or not you need an attorney, right? And that’s a legitimate concern considering the cost of bankruptcy proceedings which could run between $1000 to  $3000 depending on which type you decide to file. These are all the more reasons to be concerned about the additional cost associated with hiring an attorney.

 

You are not required to have an attorney to file for bankruptcy, however, many people do as it reduces the risk associated with filing for bankruptcy on your own (pro se).  In a report prepared in 2011 by the US Bankruptcy Court of Central California, 28% of those who filed for bankruptcy did not use an attorney. 60.9% who filed pro se, experienced success in having their debt discharged whereas 94.5% of them experienced success who filed for bankruptcy by using an attorney.

 

Additionally, those who file for bankruptcy without an attorney increase their chances of neglecting an important element which could ultimately have their case dismissed. However, the use of an expert attorney can make a major difference in the outcome of your case. Although the cost may seem expensive, the expertise that results in a well-resolved outcome is well worth the cost. For more information on how to obtain the best legal services in all of  the U.S., please contact https://www.lawyersforhire.com/personal-injury-law today at 773-616-9589 to learn more.

 


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