Bankruptcy is one of the oldest and most misunderstood legal processes in our nation. Some people view bankruptcy as a Scarlet Letter that will somehow prevent them from ever obtaining credit or bettering themselves financially. However, the reality is that the bankruptcy process is, in part, designed to promote entrepreneurship and risk. If the debt required to start a business or take on a new project could never be forgiven, even if the business or project failed, then our country would not have much of the growth, innovation, and development we enjoy today.
While there are certainly some downsides to filing bankruptcy, for those that qualify, the pros almost always outweigh the cons. To learn more about bankruptcy and how it can impact your financial situation, your best bet is to contact one of the best bankruptcy law firms and speak with a qualified bankruptcy attorney.
The Law Offices of Emil Fleysher, P.A. can assist you in deciding whether or not to file for bankruptcy and guide you through the case proceedings should you choose to proceed. Here are a few ways that bankruptcy law firms like ours can guide and assist you in this process.
Bankruptcy law firms can analyze your financial situation and help you decide which chapter of bankruptcy is best for you to file. Although there are several types of chapters to file, two of the most common are Chapter 7 Bankruptcy and Chapter 13 Bankruptcy. There are advantages and disadvantages associated with filing each of these types of bankruptcies so it is important to have an expert on hand to go through each of them. Bankruptcy law firms can use their extensive knowledge to help you understand how each bankruptcy filing would affect your finances and future, and which bankruptcy will benefit you the most.
Part of the reason why you may be considering filing for bankruptcy is to reduce the amount of harassment that you have been receiving from your creditors or collection agencies. When creditors pursue collecting their debt, they will continuously call and reach out to you through various methods. This endless calling and mailing can be stressful at times.
Bankruptcy law firms can handle your creditors by informing them of your decision to file for bankruptcy and putting a stop to the harassment. Even if a creditor decides to continue to call you, you can refer them to your attorney and provide them with your attorney’s contact information. That little action will let them know you have someone in your corner and influence creditors to stop contacting you in the future.
Many people opt to file for bankruptcy on their own either because of their financial situation or because they believe they cannot afford the representation that bankruptcy law firms provide. In actuality, hiring a bankruptcy law firm will save you money in the long run. Having the legal expertise of a bankruptcy law firm will lead to you receiving the best possible outcome in court.
Bankruptcy attorneys have the necessary experience in negotiating successful bankruptcies for their clients. Bankruptcy law firms also know how to resolve the bankruptcy process at a faster rate than someone who has little to no knowledge of bankruptcy attempting to resolve it on their own.
People already have a difficult time speaking openly about financial issues. Learning about the bankruptcy process all by yourself can lead to additional stress and anxiety. The impact of the added pressure can cause you to make mistakes throughout the bankruptcy process and possibly lead to it being denied. Hiring a bankruptcy attorney will help reduce that stress and take that extra weight off your shoulders. Bankruptcy firms can make sure you are following every necessary step of the bankruptcy process so that you can achieve the best possible outcome.
The Law Offices of Emil Fleysher, P.A., is the bankruptcy law firm that can provide top-notch quality, value, and professionalism for you throughout your bankruptcy process. Call us today at 888-886-0200 or submit our contact form online to schedule a free consultation.