When it comes to bankruptcy, you have the legal right to represent yourself from beginning to end, whether the bankruptcy is for personal or commercial reasons. However, being your own bankruptcy lawyer is not a good idea. Here’s how a lawyer may make declaring bankruptcy simpler, and how you can employ one even if you do not have the money right immediately.
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Is it necessary for my bankruptcy advocate to be a lawyer?
In recent years, a number of firms have sprung up promising low-cost bankruptcy services, despite the fact that they are not attorneys. These providers solely prepare bankruptcy documents. These persons are not allowed to charge more than $200, according to the American Bar Association and state bar organizations. They also restrict non-lawyer bankruptcy services from giving legal advice. This means that although these services may help you organize your case, they cannot verify the facts in your papers or determine if you are presenting the best case possible.
The bankruptcy process is quite difficult. Indeed, bankruptcy laws are among the most complex and nuanced bodies of law. Bankruptcy rules vary regularly as well. Furthermore, the amount of property you lose, the impact on your financial credit history, and even the debts you still owe will all vary depending on your specific case. A lawyer can assist you in building the strongest possible case to preserve your interests.
So, yes, if you want to protect yourself as much as possible, you should hire a lawyer when declaring bankruptcy.
How Am I Going to Pay My Lawyer?
Remember that you may always request other payment options, such as tiered payments or bartering. Most bankruptcy attorneys understand that their clients are in a difficult position and may be prepared to work with you to devise an affordable payment plan.
