Why You Need an Attorney For Bankruptcy For Best Results


If you are one of the millions of Americans facing the dire reality of a situation in which you simply cannot afford, nor will you be able to in the foreseeable future, to pay off your outstanding debts, then there is a good possibility that you are already considering filing for bankruptcy. Of course, there will be hundreds of questions zipping around your head right now under those circumstances, but one of them may well be, do you need an attorney for bankruptcy? This article answers that question.

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You will need to consult with an attorney for bankruptcy at least once regardless of anything. This is because you need to establish primarily whether or not bankruptcy is right for you and secondly, whether chapter 7 or 13 is the best option for you. Circumstances under which you would absolutely need to retain the services of an attorney for bankruptcy would be, firstly if your house is facing foreclosure and you are filing for chapter 13 and additionally if you are already involved in any other lawsuits regarding your finances.

If your biggest worry is not your house but is, instead, your car, then you could probably get by without the services of an attorney, given that most car financing companies will automatically, upon being notified of your filing for bankruptcy, send you a reaffirmation agreement. However, in the interests of ensuring that you come across as though you are taking a proactive approach to resolving your financial troubles, you should contact them immediately after filing and request this anyway. This will allow you to maintain your car provided you meet the terms stipulated, so do make sure that you absolutely understand the terms and are certain of your ability to meet the new payments that it proposes, so as to avoid losing your vehicle.


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