Reasons to Hire a Bankruptcy Attorney in Northern Colorado
If you’ve spent months or years unsuccessfully trying to escape from debt, bankruptcy may be your only option. While it is possible to go through the bankruptcy process yourself, it is not recommended. The Sumner Law Office, P.C. is fully equipped to provide bankruptcy assistance to people in Northern Colorado. There are several ways we can protect you from the common pratfalls of bankruptcy and help you get back on solid financial ground.
Determine Which Type of Bankruptcy to File
A bankruptcy lawyer is a valuable ally to have in times of financial hardship. Before you even start discussing bankruptcy, an attorney will go over several alternatives that you may not have considered. You’ll be surprised to learn how far credit counseling and debt consolidation can get you. Once you decide that bankruptcy is your best option, a bankruptcy attorney can help you understand and choose the correct form of bankruptcy. Those with little or no income typically choose Chapter 7 bankruptcy, while individuals with substantial incomes opt for Chapter 13 reorganization.
Protection from Persistent Creditors
Once you file for bankruptcy, the court will issue an automatic stay, which is a special injunction that halts legal action against you during the bankruptcy process. An automatic stay can delay foreclosure, vehicle repossession, and incessant creditor calls. Still, there are some persistent creditors who may call you even after you file for bankruptcy. Your
bankruptcy lawyer can save you time and stress by speaking with these creditors and getting them to stop.
Prevent Mistakes During the Filing Process
The bankruptcy process is notoriously complicated. Hiring a
skilled attorney is the best way to save time and avoid these potentially costly mistakes:
- Paperwork Errors: When filling out bankruptcy paperwork, there’s a chance that you’ll come across some fields that you don’t fully understand. A bankruptcy attorney is well acquainted with bankruptcy paperwork, and can help prevent errors that delay the process.
- Incorrect Calculations: If you’re not exactly sure what kind of information is required of you, you’re likely to make a few mistakes; for instance, incorrect calculations can make it seem as if you pass the means test when you really don’t. A bankruptcy lawyer can handle all the calculations and help you avoid legal trouble.
- Neglected Creditors: Though a bankruptcy can discharge most of your debts, it may not eliminate them all. A bankruptcy lawyer can help you identify which creditors you still need to pay so you can avoid mounting debts and potential lawsuits.
If you’ve run out of debt relief options and filing for bankruptcy seems like your only choice, contact The Sumner Law Office, P.C. Jerry Sumner, Esq. is affiliated with the National Association of Consumer Bankruptcy Attorneys. We will do everything we can to make sure the bankruptcy process moves as quickly and painlessly as possible.