As the economy recovers, many people find themselves struggling with unpaid medical bills and credit card debt. Any shift in a person’s finances can cause a crisis, and a sudden illness or job loss can cause mortgage and car loan defaults. Those who take on too much debt can consider filing for bankruptcy, but many don’t understand that it is the first step toward financial recovery. An experienced south jersey bankruptcy attorney can help clients for the reasons listed below.
Bankruptcy Laws are Complex
The bankruptcy process is complicated, and local filing rules vary by jurisdiction. A bankruptcy lawyer knows the area’s filing requirements and courtroom procedures, and they can handle the complex parts of the case to simplify things for clients.
Finding the Right Chapter
Filers must meet certain eligibility requirements to receive bankruptcy protection under Chapter 7, 11 or 13. A bankruptcy lawyer new jersey can help a client determine which chapter is best based on individual circumstances and eligibility requirements.
Protection From Creditor Harassment
Skilled bankruptcy lawyers can put a stop to harassing collection calls from creditors. The law requires creditors to stop making these calls after a bankruptcy is filed, in accordance with the Fair Debt Collection Practices Act. With a lawyer’s help, clients can reduce stress and save money and time while rebuilding their finances.
Help With Legal Paperwork
There’s quite a bit of paperwork involved in filing for bankruptcy, and filers must provide supporting documentation to go along with the petition. A bankruptcy lawyer takes care of everything needed for a successful filing, such as pulling the client’s credit report, listing creditors and drafting the petition. An attorney can also provide legal advice, unlike a document preparer.
Lawyers Offer Experience and Knowledge
When a filer lacks an understanding of the law, it’s difficult to handle the process of filing for bankruptcy. If a filer is in the South Jersey area, they can call the office to schedule an appointment. For those outside the area, a phone consultation can make it easy to get questions answered. The firm’s attorneys can help clients figure out whether it’s sensible to file for bankruptcy protection.