In an ideal world, people pay their bills, raise families and live happily ever after. But life isn’t a movie and sometimes people lose jobs, overextend themselves on debt or risk their money on failing business ventures. When these things occur, it might be time to call a bankruptcy attorney. And with that said, here are some key benefits of hiring one of these legal professionals.
Expertise
A Bankruptcy Lawyer in Valdosta is an educated and talented legal professional. He went to law school like other attorneys, passed a bar exam and presently spends all of his work hours specializing in bankruptcy. He’s also worked with other clients with similar situations as yours, and can help you dissolve your debt.
Determine Which Type of Bankruptcy to File
There are two types of bankruptcies in which people can apply: Chapter 7 or Chapter 13. In a Chapter 7 case, you must either be unemployed or totally incapable of paying back your debt. And with Chapter 13, your attorney will help you consolidate your debt and pay a lesser amount per month to debtors. Once your attorney decides what course of action to pursue, your bankruptcy case will get underway.
Save Assets
Besides reducing monthly payments to creditors, your Bankruptcy Lawyer Valdosta will help you protect various assets, including your vehicle, house or various bank accounts. Without a bankruptcy attorney, your creditors may try to seize or repossess some of these assets.
Representation
A bankruptcy attorney will appear in court with you if the case is not resolved before then. During this time, he will argue on your behalf or coach you on how to respond to the judge’s questions.
Help You Win
The ultimate goal of your Bankruptcy Lawyer Valdosta is to help you win your case, as this will better help you get your financial situation straightened out.
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