Your bankruptcy attorney can help you get maximum debt relief while protecting your assets.
Technically, you do not need legal representation to file for bankruptcy. However, if you want to make sure you get the maximum possible debt relief from your bankruptcy, you should consult an expert in this field. At California Bankruptcy Relief, we can provide the expert guidance and assistance you need to utilize the protections of bankruptcy to effectively secure a second chance at a bright financial future.
Stop Collections Activities
One immediate benefit of hiring a bankruptcy attorney is that once you do so, all of your debt collectors will be legally obligated to stop contacting you about repayment. Instead, they must go through your attorney. If you’re currently the victim of endless harassing phone calls from a collections company, you’ll know first hand just how valuable a benefit this is.
Choose the Right Type of Bankruptcy
Depending on the type of debt you have, your financial goals, and your current assets, you may be eligible to file for Chapter 7 or Chapter 13 bankruptcy. Each type of bankruptcy offers different benefits, and by hiring a bankruptcy attorney to help you make the choice you can ensure that you do what is best for your long term financial goals.
Maximize Your Exemptions
In the state of California, it is possible to utilize exemptions to protect certain types of assets from the bankruptcy process. However, since there are two different sets of exemptions to choose from, it can be difficult for a layperson to select the right one that will offer better overall protection. A skilled bankruptcy attorney can of course explain the exemption sets to you in detail and make sure you choose the right one that protects as much of your home equity, personal property, and pension or insurance income as possible.
Get Advice about Shared Debts
If you have a debt that is shared between you and your spouse, it’s important to fully understand the implications of filing for bankruptcy. For example, if you get divorced from your spouse and agree to pay half of any shared debts you may have, you will not be able to include your half of those debts in a bankruptcy later on. Your bankruptcy attorney will be able to advise you of any such complications or limitations in advance so you can account for them when planning your bankruptcy.
Make Sure Everything Goes Right the First Time
Another important reason to hire a bankruptcy attorney is that your attorney will makes sure the process goes smoothly. Your attorney will make sure you are eligible for the type of bankruptcy you choose at the time you choose to file for it, and also make sure all your paperwork is correctly filled out and submitted in a timely fashion to the proper court authorities.
