Why you should hire a bankruptcy attorney

It is not uncommon to wonder if a bankruptcy attorney is necessary for them. It is important to understand that a bankruptcy attorney offers many services in addition to helping you choose between Chapter 7 and Chapter 13 bankruptcy and filing the paperwork. 

A bankruptcy attorney is here to protect your interests and to help you avoid costly mistakes. Unfortunately, many people who file their own bankruptcies discover too late that they misunderstood the laws. The consequences could be costly. 

Read on to learn what a bankruptcy attorney can do for you.

Determining whether bankruptcy is right for you

It is a common misconception that all bankruptcy attorneys will try to convince you to file bankruptcy. This is not the case. In some cases, it may be better to pursue a bankruptcy alternative. An attorney will advise you if bankruptcy is the right solution for your debt problems. 

Choosing the right form of bankruptcy

If bankruptcy is the right option for you, it is important to make sure you are filing the right form of bankruptcy. Although Chapter 7 is faster, Chapter 13 offers many advantages, including catching up on mortgage arrears. Your bankruptcy attorney can help you determine the right form of bankruptcy depending on your needs and your individual situation.

Bankruptcy planning

The importance of good bankruptcy planning cannot be emphasized enough. You need to understand how bankruptcy laws will impact you. In some cases, it may make sense to delay your filing. It may also be critical to file bankruptcy right away if you are trying to save a home and you are facing a sheriff's sale. 

Before you attempt to file bankruptcy on your own, you should meet with attorney to understand your options. Many attorneys offer a free initial consultation, so there is nothing to lose. 

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Prescott Pearson & Tande, PA
443 Old Highway 8 Northwest, Suite 208
New Brighton, MN 55112

Toll Free: 888-366-0827
Phone: 651-968-8096
Fax: 651-633-7562
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