Many people who are considering bankruptcy1 are experiencing significant financial problems. After all, if money were not an issue, they would probably not be contemplating filing for bankruptcy. As a result, many potential bankruptcy filers may be tempted to save money by trying to file for bankruptcy without an attorney. While it is possible to do so, it is often an ill-advised idea. In fact, the United States government recommends against filing without an attorney and counsels potential filers that “it is extremely difficult to do it successfully.”
There are many ways that a skilled bankruptcy attorney can help you get the best possible outcome in your bankruptcy case. Some of the most common include the following:
Make sure that all of your paperwork is complete and accurate
One of the most important things in a bankruptcy is completely and accurately filling out all of the necessary paperwork, which can be voluminous. Omitting assets or otherwise misleading the court can have serious consequences, including criminal prosecution. An attorney will help ensure that the documents you turn into the court are in compliance with all relevant laws.
Help you take advantage of all available exemptions
There are myriad exemptions available to people who file for bankruptcy, ranging from exemptions in real estate to livestock. An attorney will take a full accounting of your financial situation and make sure that you keep as much of your property as possible.
Negotiate on your behalf with creditors
In some cases, a debtor may choose to reaffirm2 certain debts and exclude them from their bankruptcy. This often occurs in cases where the debtor would like to keep some non-exempt property that he or she has financed, such as a house or a car. In these cases, the debtor often has a an opportunity to renegotiate the terms of his or her loan with the creditor, and the assistance of an attorney can often result in a much better outcome.
Schedule a free consultation with a Long Island bankruptcy attorney today
For over 25 years, Long Island bankruptcy lawyer Ronald D. Weiss has been helping people get a fresh financial start through bankruptcy. To schedule a free consultation with Mr. Weiss, call our office today at (631) 319-9238 or email us through our online contact form available here.
Bankruptcy Practice Area: https://www.ny-bankruptcy.com/services/bankruptcy-solutions/