Reasons You Should Hire a Bankruptcy Lawyer

Bankruptcy Lawyers Poway

If you are considering filing for bankruptcy, you may be conflicted as to whether to hire a bankruptcy lawyer or to handle the case on your own. Hiring a bankruptcy lawyer is the best course of action that you can take. Here are a few ways that bankruptcy lawyers Poway (or the area you live in) will be an ideal asset in these difficult financial times.

They use their knowledge and expertise to guide you through the sophisticated legal system

An experienced bankruptcy lawyer will use their legal expertise and knowledge to guide you through the case, to make the most out of your claim. For starters, your bankruptcy lawyer will use their legal knowledge and skills to help you determine which chapter best suits your financial situation and which one you qualify for.

Chapter 7 bankruptcy: This chapter requires you to liquidate all your non-exempt assets to pay your debts.

Chapter 13 bankruptcy: This chapter requires you to work with a lawyer, and a court-appointed trustee to develop a repayment plan.

These chapters vary in the way they are handled and the impact they will have on your overall credit.

Help you stay on top of your paperwork

Bankruptcy claims require a great deal of paperwork. If not filled out correctly, this paperwork can complicate the entire process. Your lawyer will be responsible for managing the paperwork: keeping track of submission deadlines and advising you on which documents and form you need to complete. These lawyers act as the intermediary between you and the courts. They will provide you with more legal advice and information than a document preparer could offer.

Evaluate your current financial situation

Another important function of bankruptcy lawyers Poway is that they will analyze your current financial situation and make recommendations. They will outline the various options available to you and help you choose the best option for your claim. They use their years of experience and legal knowledge in the field to make these recommendations. Your bankruptcy lawyer will also inform you of your rights and responsibilities.

Well-versed in the state law

Since laws vary with different states, you need to hire a bankruptcy attorney who is well versed in the regulations of your state. Without a thorough understanding of bankruptcy law in your state, it may be difficult for you to file your claim successfully. Your best option is to seek the services of a reputable lawyer to work with. You can seek recommendations from friends, colleagues or family. You can also find more information from the Better Business Bureau.

Hiring the services of a reliable attorney is your first step to a successful bankruptcy claim. They will guide you on the right path to clearing up your financial hurdles, thereby helping you save money, time and personal assets.

Coole Bevis business solicitors add “Whether you’re a business owner, just starting out or feel you need support in employment matters, it is important you seek professional advice. Business law solicitors help with keeping business operations running smoothly.”

Looking for reliable bankruptcy lawyers Poway?

At Chang & Diamond, APC, we do our best to help you obtain financial relief. If you are interested in a free initial consultation, feel free to contact us to book your appointment.

Can You File For Bankruptcy if You Cannot Afford the Fees?

People often resort to bankruptcy as a way to get out of debt and deal with financial hardships. However, filing for bankruptcy comes with a cost of its own. Apart from various filing fees, debtors who seek professional legal representation to ensure they don’t make any mistakes when filing for bankruptcy have to pay the attorney fees too. Ironically, people who file for bankruptcy because they cannot pay their bills end up with brand new bills to pay.

Because of this, we often get asked whether debtors who cannot afford the bankruptcy fees can even file for Chapter 7 or Chapter 13 bankruptcy. In this article, we are going to explain how this works.

Paying the Bankruptcy and Attorney Fees

This situation is not that uncommon. Nevertheless, many debtors can still get a fresh financial start when filing for bankruptcy even if they are completely broke. There are several ways to do so.

How you pay the attorney fee depends on whether you file for Chapter 7 or Chapter 13 bankruptcy. If you file for the latter, you pay all your debts, including the attorney fee, through a payment plan over three to five years.

Usually, most bankruptcy lawyers in Poway will let you pay a part of the sum upfront and pay the rest through several installments.

On the other hand, since Chapter 7 does not involve a payment plan, many attorneys ask that their fees are paid up front. However, at Chang & Diamond, APC we take pride in understanding the financial hardships our clients go through. Our practice is to accept the filing fee as well as a small portion of our fee. The debtors can then make three of four monthly payments as their case is winding towards discharge.

When the bankruptcy is discharged most of your debts are discharged, with several exceptions like student loans.

Should I File For Bankruptcy on My Own?

Filing for bankruptcy without proper representation is risky for numerous reasons. If you do not file properly, your case might get dismissed. Furthermore, some filing errors may easily get mistaken for a bankruptcy fraud, which is punishable by law.

Some document preparation services offer debtors help in filing. However, these services are not supposed to give legal advice like they do. What’s more, these services are not familiar with local bankruptcy laws like your bankruptcy lawyers in Poway are.

Looking for Reliable Bankruptcy Lawyers in Poway?

Sometimes, small changes like cutting down on costly cell phone plans, pay TV and other services will be enough to collect the money you need to pay for legal representation.

If you are looking for experienced bankruptcy lawyers in Poway, Chang & Diamond, APC can help you obtain your debt relief. If you are interested in a free initial consultation contact us at (619) 312-4900 or (800) 718-8118 or through our website form.