No two bankruptcy cases are the same. This is also true for bankruptcy attorneys. When you find the right attorney to help you with your financial issues, you’ll be well on your way to financial freedom and a fresh start. But what does that mean? And how can you know you’ve got the “right” bankruptcy attorney? Let’s dive in.
Bankruptcy: A Quick Overview
To understand the value of having an attorney on your side, it helps to get an idea of what the bankruptcy process is like. First, you’ll file the paperwork with the courts. Your lawyer may ask you for current bills or statements, past-due and collections notices, bank statements, and other financial documents. Provide as much as you can. Once the court filing is initiated, there will be a meeting of creditors, which is basically where any of your creditors have the opportunity to contest the case. This doesn’t usually result in much and ends up being a meeting between the court trustee and your lawyer.
Your bankruptcy case will be reviewed by the judge and if they feel that it is warranted, they will grant the bankruptcy and the discharge of all of your debts as a result. This will happen in a court hearing, which you’re usually required to attend.
Bankruptcy requires people to go through financial education courses, including credit counseling and debt education, to ensure that they’re less likely to run into problems in the future. Even if these courses aren’t required, you should consider them. They could come in handy once you’ve got a clean slate and you’re ready to rebuild.
If the courses are required, make sure that you take approved classes. Your bankruptcy attorney can also advise you on which courses are approved by the courts where you’re filing your case. You can usually take these courses online, but there may be local classes available where you live if you prefer that route, too.
The right bankruptcy attorney will also provide you with plenty of unofficial education about finances and credit. They will help you better understand how you got here so that you can make sure you never do it again. That firsthand insight and experience is probably more valuable than any credit counseling course.
A Fresh Start
Once you’ve made it through the bankruptcy process, you will part ways with your attorney and start on your new path to financial security and freedom. However, if you had a good lawyer, you’ll have a wealth of insight and information to help you from here on out.
While some people brave the world of bankruptcy court by themselves, having a bankruptcy attorney is always the better choice. You’ll have an expert on your side to handle everything while you focus on keeping your life moving. If you think that bankruptcy is your solution to financial freedom and a fresh start, reach out to a reputable attorney in your area now.