One of the greatest aspects of the U.S. legal system is that you can complete many of the legal processes by yourself. You don’t have to hire a lawyer just to take action. However, just because you can handle legal matters like bankruptcy by yourself doesn’t mean you should. Many people ask, “Is it better to hire a lawyer for bankruptcy?” The answer is yes, you should hire a lawyer to help you through a bankruptcy. Here is a deeper look at the benefits of hiring a bankruptcy attorney.
Bankruptcy is a Complex Process
Managing a bankruptcy by yourself is difficult since bankruptcy is a complex process. There are several types of bankruptcy that you can file, and each has its own complications that you have to navigate. Unless you are well-versed in bankruptcy law, you likely need help to successfully file for bankruptcy.
Benefits of Hiring a Bankruptcy Attorney
A bankruptcy attorney provides several key advantages that make a difference in your case.
Help Preparing To File
The key to a successful bankruptcy filing is in the details. A bankruptcy attorney provides the expertise that you need to make key decisions in the process. For example, choosing the right type of bankruptcy for your situation. In some cases, you have to qualify to file for a specific type of bankruptcy. An attorney can help you see if you meet the requirements to file.
Assistance Protecting Assets
One of the biggest reasons why people are afraid of filing for bankruptcy is the fear of losing everything. That doesn’t have to be the case. In fact, most bankruptcies end with the person filing being able to keep many of their prized assets. That is because they work with lawyers who understand the protections allowed for specific assets.
For example, a skilled attorney can help you protect your home, car, family heirlooms, jewelry, and many other assets. That way, you leave bankruptcy having paid down your debt without having to start over with absolutely nothing to your name.
Help Managing Bankruptcy Plans
Since bankruptcy is so complex, managing your bankruptcy plan can be difficult. The most important benefit of working with a bankruptcy attorney is that they help manage your bankruptcy plan. Your attorney can manage all of the complex filings while tracking your repayment progress and making sure that bills are paid the way that they should be. It is an important part of making sure that everything goes smoothly and you get the results that you were looking for.
Make Sure You Hire a Lawyer With Experience
Hiring a lawyer is the better option in nearly every bankruptcy case. The key is to choose a lawyer with the right experience and expertise. At Kain + Henehan, we’ve helped people just like you find their way through bankruptcy. For years, we’ve led clients through every version of the bankruptcy process, and can help get your head back above water. Call Kain + Henehan, bankruptcy attorneys in St. Cloud, Minnesota, at (612) 438-8006 or use the contact form to schedule a consultation about your case.
