When bankruptcy becomes the clear solution, the questions become even muddier. There’s so much misinformation out there, combined with the sheer fact that bankruptcy itself gets a bad reputation, that it can be hard to sort it all out. Fortunately, we’ve got the answers that you need right here. In this article, we’ll talk about lawyers and whether or not you need them for your bankruptcy case.
What the Law Says
According to the law, anyone who files for bankruptcy as an individual has the right to do so with or without the assistance of an attorney. In the case of business filings, an attorney is required to represent the business in the case. The caveat, of course, is that not being required to hire a lawyer doesn’t mean you can just skip it—in fact, that is strongly discouraged.
Why Do I Need a Lawyer?
Regardless of what the law says, it’s always a better idea to hire a lawyer to represent you in your bankruptcy case. There are several different reasons for this, starting with the fact that it’s their specialty. People who handle these cases all the time will be much better with them. They know the steps, the process, and how to get past the hurdles and obstacles with less stress. Plus, their fees are nominal and they’ll make the entire process painless from start to finish.
From the moment you retain a bankruptcy lawyer, they will begin collecting paperwork and having you provide all the financial documents that they need to file the case. They will walk you through the entire process, too, which can ease any fears and help answer questions that you may have along the way. A good attorney will do everything in their power to make the case quick, painless, and as helpful to you as possible.
Education and Support
Lawyers can also provide you with other resources during the bankruptcy process. Although it’s not generally required, you may want to consider attending some financial classes or workshops and if you do, your attorney will have organizations to connect you with. They can also explain the laws. Including what can and can’t be discharged and what you will or will not lose. Knowing all of this is going to make your experience easier and help you feel more confident in your decision.
What About the Cost?
No one likes to talk about it, but when it comes to bankruptcy, you have to: lawyers cost money. Fortunately, they also understand people coming to them in this kind of financial position. Thus, many have payment plans, smaller retainers, or will work with you in some way to ensure that their fee isn’t what keeps you from taking care of your financial issues.
You should never work with a lawyer who’s more concerned about getting paid than giving you the help that you need. You’re not going to get help for free, by any means, but the best lawyers will be understanding of your situation and should be willing to help you in any way that they can.
The Bottom Line
So, the short answer is that you don’t need a lawyer to file a bankruptcy case as a consumer. However, unless you’re an expert yourself, it’s going to be in your best interests. Just as you wouldn’t do your own dental work, you shouldn’t handle your own legal matters and bankruptcy is a matter that’s better left to the professionals. Take the time to do your homework and find a reputable lawyer that can help you get your finances back on track with bankruptcy or otherwise.
Fair Fee Legal Services
8665 South Eastern Avenue, Suite 101
Las Vegas, Nevada 89123