It isn’t easy not to be able to pay the bills and to constantly get calls from bill collectors. One potential way to solve this problem is to file for bankruptcy. While it may be possible to accomplish this without hiring an attorney, there are a number of advantages to hiring a Bankruptcy Attorney in Hamilton OH.
Explanation of the Pros and Cons
One of the first ways that an attorney can be helpful is to explain the pros and cons of filing for bankruptcy. While it can get rid of some debts, bankruptcy may not actually get rid of all of the debts a person has. It is also damaging to a person’s credit. Just filing for bankruptcy means that all collection attempts will be put on hold, however, allowing a person time to get back on their feet.
Making the Right Choice
There are multiple types of bankruptcy, including Chapter 7 and Chapter 13 bankruptcy. Filing for the wrong type of bankruptcy could result in a dismissal. Hiring a bankruptcy attorney in Hamilton OH means there will be someone to go over the options and make it clear which types of bankruptcy you qualify for and which one makes the most sense given the situation. Although some people may qualify for a Chapter 7 bankruptcy that would forgive most debts, it may actually be more advantageous to file for Chapter 13 bankruptcy, which allows people to keep more property but involves a payment plan to pay off some of the debt rather than simply discharging it.
Proper Procedures Followed
Another benefit of hiring an attorney is that the attorney is very familiar with the law and the procedures that must be followed. This means it’s less likely there will be a mistake made that could get the case dismissed. For example, an attorney will know how to set up the proposed payment plan needed for a Chapter 13 bankruptcy. A mistake during bankruptcy proceedings can mean an end to the case, so it’s very costly. Hiring an attorney will bring peace of mind.
Meet Dean Snyder Attorney for more information on the options available.