There were 775,578 bankruptcy filings in 2018, according to the latest available data from the United States Courts. These people filed for bankruptcy because they lost jobs, couldn’t pay their bills or overextended themselves. Whatever the case, if you feel you need to file for bankruptcy, it’s best to hire an experienced bankruptcy attorney. Here’s why.
Decide Best Course of Action
When you file for bankruptcy as an individual, you can either file for Chapter 7 or Chapter 13. An experienced bankruptcy attorney in Middleton, MA, will help you determine the type of bankruptcy you’re qualified for and best suited for, as there are advantages to both.
Great Return on Investment
In most cases, the cost to file for bankruptcy ranges from a few hundred to a few thousand dollars. Considering all the contacts your attorney must make, it’s a relatively good return on your investment. Not only that, you may be able to dissolve all your debt if you file for Chapter 7 bankruptcy. This can help you get on with your life without worrying about exorbitant debt.
Your bankruptcy attorney in Middleton, MA, can help you significantly reduce your monthly bills when you file for Chapter 13 bankruptcy. This will make your expenses more manageable so that you can afford to live more comfortably.
A good bankruptcy attorney can also help you save certain assets, including your house and car. Your attorney will work through the court to get you more manageable payments on these assets, which will enable you to keep them. Then, all you must do is continue to make the lower payments.
Representation in Court
In some cases, you may have to appear in court for bankruptcy cases to be approved. If you do, your bankruptcy attorney in Middleton, MA, can instruct you on how to answer the judge’s questions and what to wear to improve your chances of winning. In either case, having an attorney present can give you more assurance about the outcome of your bankruptcy case.