There are people that view filing for bankruptcy as the easiest way out of a financial crisis. The law does have a provision that makes it possible for a person that has been overwhelmed by debt to get debt relief and have a fresh start financially.
This is all made possible when you file for bankruptcy. The process of filing for bankruptcy is not as simple as many people think it is. To have an easy time with the filing, you need to hire a competent bankruptcy attorney. Here are benefits of getting these attorneys.
They will help you in filling out the petition forms
The first step that you have to make in filing is filling out the petition forms. These forms are quite tricky to deal with. Most of the time, people get disqualified because they made mistakes when filing out the application forms. Here are some of the common mistakes that people make:
- Failing to list down all the assets that a person has or trying to give off some assets to relatives to save them. This makes the courts suspicious that you could be planning some form of fraud. The result is the bankruptcy petition being rejected.
- Giving wrong or inconsistent information during the filing process. Many people aren’t keen enough to notice when they are giving contradictory information about their assets and liabilities or about the debt repayment strategies that they have put in place. As a result, they end up getting disqualified.
The lawyer will help vet the application process to ensure that all the information you give is accurate. This will raise your chances of getting an approval.
Legal representation
Filling out the forms is just the first step of the process. After the approval, the court orders a stay on your assets and prohibits creditors from coming after you. This will be followed by hearings that are meant to determine whether you have a debt repayment strategy in place and many other related issues.
The lawyer will represent your interests at all these hearings and ensure that your case is heard.
David S Kohm is a qualified and experienced bankruptcy attorney in the state. He offers advice, representation and legal counsel. Go to for details.
