If I am filing for a Chapter 7 or Chapter 13 Bankruptcy doesn’t that mean I have no money? How in the world can I afford to hire a bankruptcy attorney?
Hiring a bankruptcy attorney is the smartest thing you can do if you want to make a financial fresh start. No bankruptcy attorney would be in business in the Denver-Metro Area if there were no need for experienced lawyers to help people get through the process. This is a service we provide to the community. We would not stay in business very long if all we did was take advantage of stressed and exhausted individuals.
Simply hiring an attorney will offer some relief from creditors harassing you for payments. Legally, they can still call you to question you for a payment, but once you inform a creditor that you have retained a lawyer the calls come much less frequently. Creditors realize that you are doing something about your situation and have someone looking out for your interests.
Hiring an attorney also reduces the stress and anxiety of preparing your own bankruptcy petition, statement of financial affairs, schedules and means test. In fact, the official United States Bankruptcy Court website cautions about trying to DIY a bankruptcy: This is what a document linked to the court’s website says: “If you fumble a bankruptcy proceeding, representing yourself could end up costing you more than you’d save on legal fees.”
The bankruptcy forms are extremely complicated and best handled by an experienced attorney. If you file by yourself you might not see all the exemptions available to you or debts that can be discharged. You might lose valuable assets that could have been saved and lose more money in the long run than if you had hired an attorney initially. And all the time and stress you save yourself is worth far more than the fee.
An attorney will be an ally for you against your creditors. If there are any disagreements regarding repayment or discharge of debts, a bankruptcy lawyer will be on your side to negotiate in your defense. Creditors will not take advantage of you because they know an attorney knows the laws very well.
If you feel overwhelmed by debt and are trying to decide the best way to escape the financial stress, consider bankruptcy as a fresh start. Contact Denver bankruptcy lawyer Barry Arrington at 303-205-7870 for the best fresh start possible.