How a Bankruptcy Lawyer Can Help Protect You from Further Financial Woes

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Filing for Chapter 7 in ArizonaNo one wants to be in a situation where filing for bankruptcy is necessary. There are times, however, when it is the only way to protect yourself and help get you out of the financial quagmire you have found yourself in, and have a chance at a better future.

Protection Provided by Bankruptcy Filing

Before filing for bankruptcy and submitting the required documents to the court, it is best that you consult with a bankruptcy attorney as the law in Arizona can be complicated. This way, you can be sure that your interests are protected, and that the filing process for Chapter 13 or Chapter 7 will go as quickly and as hassle-free as possible.

The Baim Law Firm says that bankruptcy filing can help prevent bill collectors from harassing you with threatening phone calls. It can also help alleviate some of your debts, and even stop the bank from foreclosing your home.

Filing for Bankruptcy on Your Own

Even if you don’t currently have the money to retain an attorney, it is still not advisable to file for bankruptcy on your own. For one, filing for protection under either Chapter 7 or 13 is a tedious and serious process, and experienced and expert advice is indispensable.

How Your Lawyer Can Help

A bankruptcy lawyer can help clarify all the important personal and financial repercussions that filing will have on you. Your lawyer can, for example, clearly explain how the process will affect your credit, which may make getting a job, securing a loan, or finding housing options difficult.

Likewise, your lawyer can help determine which assets you own can be exempted from liquidation in case you are filing for bankruptcy under Chapter 7. You can also benefit from legal representation during court proceedings that may be required.

By making sure a lawyer is by your side throughout the entire process of filing for bankruptcy, you can enjoy some peace of mind in knowing that you will get the best protection possible.