Can I File for Bankruptcy on My Own, or Do I Need an Attorney in Florida?
You are in a financial mess and cannot seem to keep your head above water. The bills keep piling up. The balance on your credit cards climbs higher and higher. There is no end in sight.
Bankruptcy is on your mind. But how do you go about it? Do you need a lawyer?
You do not necessarily need a lawyer to file for bankruptcy. You can file on your own if you choose, but it is not an easy process. There is a lot to keep in mind. There are many consequences to consider.
Additionally, if you file on your own without a lawyer, or pro se, the burden is on you to ensure that you understand what needs to be done. You will be expected to follow the rules and procedures in federal courts and know about the United States Bankruptcy Code and the Federal Rules of Bankruptcy Procedure.
Hiring a lawyer will not be cheap, but it will be worth the cost. It is advisable not to go through the bankruptcy process on your own. Read on to learn more about the benefits of having a lawyer.
How an Attorney Can Help You
Here are some ways a bankruptcy attorney can assist you:
- Evaluate your financial situation. They can assess your financial circumstances to determine if bankruptcy is the best option or if other alternatives might be more appropriate.
- Explain bankruptcy types. There are different types of bankruptcy, and an attorney can explain the differences and help you decide which one is right for you.
- Prepare and file paperwork. Bankruptcy involves a lot of paperwork and legal documentation. An attorney can help you prepare and file all necessary forms accurately and on time.
- Represent you in court. They can represent you during bankruptcy hearings and meetings with creditors, ensuring your rights are protected.
- Negotiate with creditors. An attorney can negotiate with your creditors to potentially reduce the amount you owe or create more manageable repayment terms.
- Protect your assets. They can help you understand which of your assets may be exempt from liquidation and work to protect as much of your property as possible.
- Provide legal advice. A bankruptcy attorney can offer ongoing legal advice throughout the process, helping you avoid common mistakes and make informed decisions.
- Offer post-bankruptcy guidance. After your bankruptcy case is concluded, an attorney can provide advice on rebuilding your credit and managing your finances to avoid future financial difficulties.
Contact Our West Palm Beach Bankruptcy Attorney Today
Bankruptcy can affect your life in many ways. Since it has many long-term effects and consequences, you should make sure it is done right.
Bankruptcy should not be taken lightly and not be attempted by yourself. Count on West Palm Beach bankruptcy attorney Brian K. McMahon, P.A., to guide you through the process from start to finish. Schedule a consultation with our office today by calling (561) 658-1789 or filling out the online form. We serve the West Palm Beach, Boca Raton, Port St. Lucie, and South Florida areas.