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When considering bankruptcy, it’s essential to weigh all your options carefully. Unfortunately, many people fail to consider the importance of hiring an experienced attorney to help them through this process. As such, they may find that filing bankruptcy without assistance is considerably more complex than they initially expected Understanding the role bankruptcy lawyers hold in this process is vital to help this go as smoothly as possible. The following blog explores the importance of hiring a Shelby County, TN bankruptcy lawyer.

What Role Do Bankruptcy Lawyers Play?

When filing for bankruptcy, attorneys play a significant role in ensuring the consumer has all the information they need to make an informed decision. Not only will they provide advice, but they will help ensure all legal documents are completed and valid.

An attorney can help you:

  • Determine whether or not bankruptcy is right for you
  • Determine which chapter of bankruptcy is right for your needs
  • Navigate the complexities of the process
  • File the necessary forms
  • Ensure the forms are completed correctly

Unfortunately, many people attempt to undergo this process without the guidance of an attorney. As such, they may find that one seemingly minor error can wreak havoc on their finances. When meeting with your creditors and attorney can help ensure nothing has been overlooked while shielding your rights. Unfortunately, without a lawyer, you may be unprepared for this important meeting.

Once the bankruptcy process is complete, your attorney will follow up to ensure all discharges have been met. A discharge is a debt that can be wiped from your record. If a dischargeable debt has not been forgiven, they will help ensure that it is reflected on your record and that you are absolved of liability for the amount.

What Should I Expect When Meeting With an Attorney?

If you’re meeting with an attorney, it’s necessary to understand what you can expect. Generally, you’ll explain your situation, and the attorney will explain how they can assist you. Once you agree, you’ll complete a contract explaining what the lawyer will do for you and payment information.

You’ll also want to properly prepare for your meeting by bringing the necessary financial documents. This includes tax returns, pay stubs, loan information, bank statements, and additional financial details.

An attorney will provide the necessary documents and help you complete the forms to ensure all information is valid and complete.

As you can see, hiring a bankruptcy lawyer to guide you through this process is not something you should take lightly. Ensuring an experienced attorney from the Arnold Law Firm is by your side from the moment you file to when the debt is discharged is essential. Contact us today to discuss the details of your circumstances to learn how we can help you during this difficult time.