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5 Benefits of Working with a Bankruptcy Lawyer

While you always have the right to file on your own and without legal representation, there are numerous benefits to hiring a bankruptcy lawyer. In addition, many bankruptcy lawyers do not charge extravagant hourly fees, and you should be well-aware of their fees before you ever sign an agreement.<br>For more info:<br>https://www.ahlawatassociates.com/area-of-practice/insolvency-and-bankruptcy/

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5 Benefits of Working with a Bankruptcy Lawyer

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  1. 5 Benefits of Working with a Bankruptcy Lawyer

  2. Planning for Bankruptcy • Determine whether there are other debt-relief options. It is important to explore whether any alternatives to bankruptcy will provide the debt relief you need. • Decide which type of bankruptcy is right for you. There are two main types of consumer bankruptcy, and they are very different from one another.

  3. 2. Bankruptcy Preparation • Bankruptcy paperwork requires highly detailed information regarding your debts, income, assets, and property. Even small mistakes can cause serious issues in your case, including delays or even a case dismissal. If you omit information or provide false information, you might even face allegations of bankruptcy fraud.

  4. 3. Representation from a Bankruptcy Lawyer During the Case • Legal representation can ensure that all testimony is accurate and represent you at the creditors meeting and at any necessary court hearings. • A lawyer will know all the necessary requirements you must meet for a discharge and will protect your interests throughout the process.

  5. 4. Addressing Residual Financial and Legal Issues • In some cases, creditors may disregard a debt discharge and may continue to attempt to collect a discharged debt or report late payments on your credit. • Your lawyer will know how to petition the court for injunctive relief to stop this type of situation.

  6. 5. Guidance Post-Bankruptcy • Bankruptcy lawyers have seen firsthand how cases affect filers. They can often advise you about the effects of bankruptcy on your credit, and provide suggestions for rebuilding credit in a responsible and successful manner. • Their goal is to set you up for financial success and put you in the best possible position moving forward.

  7. Contact Us We are always happy to make valuable new contacts. admin@ahlawatasscociates.in www.ahlawatassociates.com A-33, Lower Ground Floor, Defence Colony, New Delhi – 110024, India. 011-41023400

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