Filing for bankruptcy can be a complex and tedious matter. Though some individuals choose to file on their own, it can be beneficial to have an experienced bankruptcy attorney to guide you through the process. Here, the bankruptcy advisors at Parker, Pallett, Slezak & Russell explain the benefits of obtaining the assistance of an attorney when filing for bankruptcy.
Individuals who are facing bankruptcy have the choice to file as a pro-se litigant and forego the help of an attorney. In doing so, the individual is indicating that they are willing to represent themselves in all proceedings relating to their bankruptcy. But for someone without the proper knowledge and experience in bankruptcy matters, self-representation can be a costly and time-consuming mistake.
You Can File Without an Attorney, But Doing So May Be Difficult
When filing for bankruptcy, one of the first and most important considerations is whether or not to hire an attorney. Self-representation is possible if one is filing a simple Chapter 7 bankruptcy, especially if there aren’t substantial assets or priority debts involved. This type of filing is designed for individuals who do not have the ability to pay their existing debts. But, even these types of filings will require significant research about bankruptcy procedure, exemptions and state law. Further, the process will require extensive paperwork with which the individual may be unfamiliar.
Some Bankruptcy Proceedings Nearly Require an Attorney to Be Successful
There are many circumstances where is can prove beneficial to hire an experienced bankruptcy attorney. This often depends on the complexity of the bankruptcy matter at hand. Simple Chapter 7 bankruptcy filings can become more involved when there is a likelihood that creditors will make claims of fraud or if there is potential for a lawsuit.
Further, if an individual makes a certain amount of income, owns a business or has substantial assets, there is more risk for having a case dismissed and property seized. A Chapter 7 bankruptcy complicated by these issues can be difficult for an individual to handle on their own, and the help of a bankruptcy attorney can be invaluable in ensuring your extensive assets are not lost.
Hiring an Experienced Bankruptcy Attorney from Parker, Pallett, Slezak & Russell Can Be Beneficial
The attorneys at Parker, Pallett, Slezak & Russell have extensive experience assisting clients with Chapter 7 bankruptcy proceedings. Our goal is to provide our clients with the necessary information to determine whether filing for bankruptcy is the right choice. Our attorneys will work with each client through the preparation, filing, and discharge of bankruptcy proceedings, as well as answer any questions that may arise along the way.
If you think that you may need to file for a Chapter 7 bankruptcy, or you would like to obtain more information regarding bankruptcy filings, contact us today.