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What Can a Good Bankruptcy Lawyer Do?

On May 27, 2011, in Bankruptcy, Debt Relief, by KimberlyC

Bankruptcy

Today we will be discussing what a good bankruptcy lawyer is able to do for you. Keep in mind their primary skill set is legal and not accounting or financial planning. They are able to advise you of any legal issues you may come into when filing, and they can also help you fill out all of your paperwork, but they can’t tell you if you should file or not, you should seek out financial planning assistance for that purpose. Financial planning services typically cover a much wider scope than simply whether or not to file, remember your goal is to get out of debt, and there may be other options available to you to that end.

Typically you will want to look into various debt relief strategies before considering filing chapter 11 or chapter 13. For the scope of this article however, we’ll assume that you have already done all the necessary leg work up to this point and have determined through your own research, or through consultancy, that you are in need of a lawyer to help out. The goal of this article is to tell you what a lawyer can and can’t do, once you’ve determined that one is necessary.

A good bankruptcy lawyer should be able explain to you what you should expect from your bankruptcy and what fees, paperwork and potential problems you may encounter. Unlike a consultancy service that helps you find paperwork to file on your own, professional legal counsel can go over each form and explain their legal implications. Lawyers are not accountants however and you shouldn’t expect them to have all the answers on whether or not you should purse a bankruptcy. If you are more looking for financial advice on how to deal with your debts, or how to lower your payments, you will most likely want to speak to a financial planner or accountant. If you want the legal issues around filing chapter 11 vs chapter 13 to be explained to you, than legal assistance is appropriate.

Bankruptcy lawyers will of course be able to help you file all your bankruptcy paperwork. Unlike a more simple consultancy appointment that you would get from a nonprofit organization or a for profit financial assistance firm, you will be given advice going over your paperwork given the current legal framework. Remember, there is an appeals process that your creditors can go through, and if they can find legal president that demonstrates that they were not rightfully included in the filing, they can be removed and you will still owe them money. Filling out the paperwork completely and accurately, and within the boundaries of the law is very important.

For more information, go to bankruptcy lawyer at http://www.creditnowusa.com/Bankruptcy

What Can a Good Bankruptcy Lawyer Do? was last modified: September 14th, 2011 by KimberlyC
 

One Response to What Can a Good Bankruptcy Lawyer Do?

  1. Creditor says:

    Thanks for sharing such an informative article with everyone through the blog post. I will definitely suggest my friends to read the article once, it helps us to gain new information.

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