Filing for bankruptcy is something we hope you never need to do. However, for those that fall into financial hardship, it may be the only choice. In the U.S., there are two major forms of bankruptcy—commercial bankruptcy and consumer bankruptcy. Here at Voloshen Law Firm, we help those dealing with consumer bankruptcy. We protect people when dealing with creditors, clearing debt, and setting up payment plans. The main forms of consumer bankruptcy include Chapter 7 and Chapter 13 bankruptcy. Today, we’re going to explain the main reasons why you should hire a lawyer when filing for bankruptcy.
1. Lawyers Can Help You Make the Right Decision
If you\’re thinking about filing for bankruptcy, you should contact a lawyer before you officially file. A professional lawyer will be able to give you advice on which type of bankruptcy to file for, or may even propose alternatives to bankruptcy that you didn\’t even know about. If they decide that bankruptcy is the best choice for you, they will be able to give you advice on whether Chapter 7 or Chapter 13 bankruptcy is right for your situation.
2. Knowing Your Rights
Creditors will try everything legally possible to stop you from knowing what your rights are when filing for bankruptcy. Of course, most people in this serious situation will do their homework and a significant amount of research on the matter, but even then, they could never match the knowledge of a trained professional lawyer. A lawyer will know your rights and enable you to assert them to the highest degree.
3. What Can You Expect When Working With a Bankruptcy Lawyer?
Depending on the certain type of bankruptcy you file, your debt will either be reorganized, erased, or lowered so that you can pay when you’re able to. A lawyer will likely be able to get you a larger discount or reduction in payments to creditors than you’d get on your own, saving you money in the long run. This is a significant advantage of having a bankruptcy lawyer that knows how to properly deal with creditors. A bankruptcy lawyer has the knowledge to find the solution that has the best outcome for you, rather than your creditors.
Finding a Lawyer That You Can Trust in Philadelphia, PA
When looking for a lawyer to help you through filing for bankruptcy, you want someone that has considerable experience, superior training and is highly recommended. While most lawyers out there will know the bare minimum it takes to help a client through filing for bankruptcy, only a few will have the attributes you need to really have a huge benefit. One lawyer that will give you the best possible legal service is Alexander P. Narita. With his professionalism, a wealth of experience, and standing in the local community, Alexander has represented hundreds of people in Philadelphia, PA, and beyond. If you\’d like to inquire about our services here at Voloshen Law Firm, please contact us at (215) 437-7854. Our trained lawyer will be more than happy to set up an initial consultation and offer advice on how to proceed with your case.