When you’re in debt, it can feel like you’re drowning. It may feel like you’re never going to get out from under your bills. If this is a situation that you’re currently in, then you may be considering bankruptcy. Bankruptcy can be a useful tool to get a fresh start on your finances and to discharge your debts.
Do you need a lawyer to file for bankruptcy? Technically, you can file on your own. You can try to settle your debts on your own too, but it isn’t always advisable. Here are three reasons you need to contact a lawyer for your debt settlement.
You’re at Risk of a Lawsuit
When you owe a creditor money, the creditor has a legal right to file a lawsuit against you. Instead of waiting for a judgment to be issued against you, you need to get a lawyer on board as soon as possible. A lawyer can evaluate the case against you and analyze your circumstances to come up with a defense. In some cases, filing for bankruptcy is the best course of action.
You May Lose Your Wages
Sometimes, creditors will go after your wages to get their money. If you do not pay your debts, your wages may be garnished. This is when you want a lawyer to step in to help you. He or she can help you figure out what your next course of action should be. Once your wages are garnished, it can worsen your financial situation and make it even more difficult to pay for necessities.
You Never Filed for Bankruptcy Before
If you’ve never dealt with bankruptcy before, then you may find yourself overwhelmed quickly. There are a lot of documents and deadlines to keep track of. Bankruptcy lawyers have experience working with creditors. They understand how debt settlements work, what the steps to bankruptcy are, and how to prepare you for life after filing. You do not have to handle the case on your own. If you aren’t familiar with the rules and regulations of filing for bankruptcy, then you shouldn’t take it on by yourself. After all, mistakes can have your whole case dismissed.
In most cases, it is always a good idea to contact a bankruptcy lawyer for assistance with your debt settlement. A lawyer, like a Chapter 7 bankruptcy lawyer from Pioletti Pioletti & Nichols, will have the necessary experience to ensure that your case goes smoothly and that you get the most out of it.