As individuals, everyone has the right to file for bankruptcy without an attorney. While this is an option, it is usually not recommended. If you want to file for chapter 13 bankruptcy, having an attorney on your side might help you save a lot more than you expect. If anything, without an attorney, you may be running the risk of losing quite a bit.
The most significant aspect of having an attorney for bankruptcy is that their experience makes the process run a lot more smoothly. An attorney is quick to point out any potential problems or issues that may come into play when you’re filing for bankruptcy, and they are skilled in helping you to avoid those issues.
There is a lot of paperwork to deal with when you file for chapter 13 bankruptcy in Toms River, NJ. With several pages of your financial information, assets, income, and much more all to file, your attorney will help you list what needs to be disclosed. Any missed information or incorrect information may fall under penalty of perjury, which makes it particularly important to have a lawyer help you with the process.
In addition to helping you with the paperwork, attorneys are also skilled in guiding you through every step of the process and explaining to you what needs to be done. Having the appropriate knowledge of what to do, makes it much more likely to successfully file for Chapter 13 bankruptcy.
Dealing with Creditors
When it comes to Chapter 13 bankruptcy, your attorney does a lot more than just help you file. Your attorney is also capable of negotiating with creditors. Negotiations may include a wide variety of things, which range from the value of the property that was secured for debt payments to the interest rates that you must pay.
If you are considering filing bankruptcy, visit our official website and find out how an attorney can help you with the process.