For whatever reason, as an Encino, California resident you have decided you need to file for bankruptcy. Now, you need to decide if you should spend the money on hiring an attorney or go down the “do-it-yourself” route.
The first, and obvious, reason you would possibly want to manage your own bankruptcy is to save money. You need bankruptcy protect but you are, obviously, short on money and cannot pay your bills. Now, you need to spend money, you may not have, to hire an expensive attorney.
The thing you need to understand though is that getting your bankruptcy wrong can cost you a lot of money – much, much more than the amount any attorney would charge.
What Makes You Think That Bankruptcy Is The Right Option For You?
The first reason that hiring a bankruptcy attorney in Encino is the right choice is the actual decision to file or not. For the vast majority of people it’s a simple fact that they are not in the right position to decide if bankruptcy is the best option, and if bankruptcy is the right choice, what type of bankruptcy is the best.
Getting the consultation of a professional and competent attorney, even if you have to pay for that consultation, will ensure that you have decide on the right path for you going forward.
Do You Have The Ability To Stop The Harassment?
Everyone who owns money will say the same thing. Creditor harassment is ceaseless and it feels like they won’t stop until they take the last pound of flesh you have. This harassment can be stopped but that usually takes the skill and knowledge of a bankruptcy attorney that knows what they are doing.
This alone, for many, is worth the price of hiring a professional.
Is Now The Right Time To File?
Depending on your particular financial situation, timing the bankruptcy correctly can have a major impact on its success and your financial stability going forward into a better future. It is only a person with a broad knowledge of bankruptcy law that can make the determination of exactly when the best time to file is. Get this wrong and it can cause major problems later as your pending pattern before filing goes a long way to determining what happens during and after the process.
Do You Have The Skills To File The Petition?
Attorney study for years to pass the bar and then years more specializing in bankruptcy before they are of the highest quality. If you want to file yourself you are going to have to commit a lot of time to learn the California state bankruptcy code and the Federal code.
Do not underestimate this undertaking. This is very complex and will take you a long time – maybe time you that should be spent elsewhere.
Getting You Bankruptcy Petition Wrong Could Land You In Jail
The fact is that people go to jail for lying about the assets and money they list on their petition.
If you make a mistake you will find yourself justifying and proving that is really was a mistake and not a deliberate attempt to commit fraud. Even if your mistake is genuine and just an oversight on your part, it could easily cause your petition to be denied.
Your bankruptcy attorney just won’t be making these mistakes and your risks will be mitigated.
If there was ever a time you should hire a professional, now is it.
Firstly a a bankruptcy attorney will tell you if, in fact you should file. They will tell you what type of bankruptcy – or settlement options – is right for you and then get these creditors off your back, giving you time to breath.
Lastly, and very importantly, a professional attorney will get the job done right for you giving you the very best opportunity to move through the process as quickly as possible and come out the other end better and financially stronger.
This is why you should use the services of a bankruptcy attorney and not try to perform this very complex process yourself.