One of the biggest choices that many individuals have to make when choosing to file for bankruptcy is whether or not they will hire a bankruptcy lawyer or file themselves. While there is a financial benefit to filing yourself in that it is less expensive than hiring a bankruptcy lawyer, it can often be a mistake to go this route simply because the bankruptcy process is quite complex. Listed below are two reasons to hire a bankruptcy lawyer instead of filing yourself:

Can Help You Avoid Potential Issues

One of the biggest reasons to hire a bankruptcy lawyer instead of filing yourself is that he or she can help you avoid potential issues. For example, there are a number of different steps that you have to take both before and after your bankruptcy hearing in order to have your debt successfully discharged. If the bankruptcy court finds that you did not file all of the necessary paperwork, provided an accurate account of all of your assets, or simply did not meet the required deadlines you could end up in a situation where your case is thrown out and your filing fee is lost.

However, a bankruptcy attorney has focused almost their entire practice on dealing with bankruptcy cases and has extensive knowledge of pretty much any issue that may arise during the filing process and hearing. As a result, you are more likely to have a successful bankruptcy filing than if you were to do it on your own as mistakes will be much less likely to occur.

Can Offer Alternative Solutions

Another reason to hire a bankruptcy lawyer instead of filing yourself is that he or she can offer you alternative solutions for dealing with your financial issues. If you were to file for yourself, you might not know that there are other avenues that you could go down that would provide you with a much better way of getting rid of your debt, such as options that may be able to help you resolve the debt issue without completely ruining your credit.

When you go a bankruptcy lawyer, he or she will sit down with you and go through a complete listing of your assets and assets in order to properly evaluate your financial situation. Once he or she has that information, the lawyer will be able to provide you with the optimal solution for your debt, such as a bankruptcy filing, consumer proposal, negotiation with your creditors, or even a debt consolidation program.

Contact a bankruptcy attorney today to discuss how he or she may be able to help you deal with the financial situation that you are currently in and to discuss which potential resolutions he or she can provide when it comes to dealing with your debt. You will want to hire a bankruptcy lawyer instead of filing yourself because he or she can help you avoid potential issues and offer alternative solutions to your debt problem.

Contact a law office like Law Office of Barbara B. Braziel for more information and assistance.