Why You Should Consult With a Bankruptcy Attorney

If you are experiencing financial troubles, you might have considered filing for bankruptcy. Bankruptcy can be a great way to clear your debts, prevent foreclosure and stop a harassing collection call. It can also give you a fresh start. However, before you take the plunge, it is wise to consult with an experienced Phoenix bankruptcy lawyer. They can guide you through the process and answer your questions.

The right lawyer can make a difference in your financial future. Not only can he help you decide which type of bankruptcy to file for, he can also help you maximize the benefits of your newfound freedom. Whether you’re trying to get out of debt or avoid foreclosure, he will work with you to develop a plan that will keep your life on track.

For many, the decision to file for bankruptcy is a big one. There are many different reasons why people file, and each reason has its own merits. An experienced lawyer can help you determine what you can expect from the process and explain any pitfalls to avoid. Also, a good attorney will give you some insight into what is available if you decide not to file.

One of the most important aspects of the process is ensuring that you complete the right paperwork. Your attorney will prepare forms based on the accurate information you provide. This includes things like your assets, income and debts. Depending on the type of bankruptcy you choose, the responsibilities of your creditors may be reduced or heightened. In addition, your Phoenix bankruptcy attorney might recommend certain steps to help you avoid debt collection action.

Similarly, an experienced lawyer can advise you on the proper use of the FDCPA, which is a federal law that protects debtors from abuse by creditors. You might even be able to get your credit score back on track.

Getting the best advice is an essential component of a successful bankruptcy filing. Even though the decision to file for bankruptcy is a tough one, it is a worthwhile one. Many debtors who file for bankruptcy successfully rebuild their financial profiles after discharge. But it is not always easy to know which route to take, so make sure you are getting the best legal counsel possible.

For most people, the obvious question is – how much? Well, the cost of a Phoenix bankruptcy attorney will depend on the type of bankruptcy you opt for. The average cost for a Chapter 7 bankruptcy is estimated at $925 to $1500. On the other hand, Chapter 13 bankruptcies may be slightly less expensive, but will remain on your credit report for seven years. As a result, you will likely be paying more in the long run.

Of course, no matter which route you choose, you will need to file your paperwork on time. Failure to do so could lead to delays in your case or even the dismissal of your petition. A good Phoenix bankruptcy lawyer will be on hand to assist with the arduous task of completing all the appropriate forms.