Nobody likes to think that they’ll find themselves in a position where bankruptcy is considered. Unfortunately, many people do find themselves in this situation. In these instances, you may need to consider filing a petition for bankruptcy with the courts in order to protect yourself against personal debts that you’ree no longer able to repay. In these circumstances, you’ll need a chapter 7 bankruptcy and it’s also advisable to consider the use of a Chapter 7 Bankruptcy Lawyer in Royal Palm Beach.
You may have heard of people who move forward in a bankruptcy proceeding on their own without the help of an attorney. The question you may have is if they did it, why can’t you. Perhaps one of the biggest issues with proceeding in a bankruptcy without the representation of an attorney is the difficulty that you may have understanding the complexities of the proceedings. This can be evident in the very first step of a bankruptcy proceeding which is filing a bankruptcy petition the courts. Depending on your particular situation, bankruptcy proceeding can be a rather lengthy and complicated process that starts with the petition. Sometimes these bankruptcy petitions can be anywhere from 30 to 60 pages long and it must be filled out correctly the first time. If it isn’t, the process will have to be started all over again and this simply lengthens the amount of time it will take for your bankruptcy to be discharged.
Another thing is that a bankruptcy attorney knows the process of bankruptcy and can help you to understand what will be required of you by the courts and what the possible outcome of your bankruptcy could mean to your financial well-being. What debts will be erased, what debts will be required to be repaid and how all of this gets resolved is information that a quality Chapter 7 Bankruptcy Lawyer in Royal Palm Beach is going to provide you.
If you’re still set on following through with a bankruptcy proceeding on your own, you’re more than welcome to do so. However, if you want this stressful time to be a little less stressful, the help of a bankruptcy attorney is your best option. They can guide you through this complicated process and with any luck, you’ll come out better for it after the bankruptcy proceedings have been completed and the bankruptcy is been discharged.
