You can file bankruptcy without hiring a Chapter 7 lawyer in Los Angeles. But it is not a good idea. It might save you money but it would cost you more than the savings you get overtime.
What Happens If You Don’t Hire a Chapter 7 Lawyer in Los Angeles?
Many debtors would take the route of not working with an attorney when they file for bankruptcy. They do so because they thought that they do not need a lawyer because they do not have many assets.
It might be a good idea at first. But mistakes could likely happen. Because you are unfamiliar with the process, you may forget a lot of things when you file. You may also miss deadlines.
Remember that when you miss the deadline or fill out the form incompletely, your chances of getting approved will reduce. Although you will have to pay for an attorney’s fee, the overall cost of hiring a lawyer is minimal.
A reliable lawyer will not only help you file for bankruptcy but he can also recommend some things you can do to better your financial situation.
Without a reputable, knowledgeable attorney, your petition for bankruptcy might be denied. It typically happens if you hide your financial assets or records.
The court does not want dishonest individuals. The goal of bankruptcy is to be honest about your financial status and the importance of creating a plan for financial freedom.
As mentioned earlier, if you incorrectly submit your paperwork, your petition might be thrown out. The cost might also convert the type or chapter that you might not like.
If you work with an attorney, all those things can be avoided.
Bankruptcy may or may not be the right solution for your financial woes. With the help of a bankruptcy lawyer, you will know which chapter to file or which financial solution to take.
Perhaps, your situation might not need filing for bankruptcy. Working with an attorney will help enlighten your situation.
When you have an attorney, you will know all the possible options you can have. Since there are various types of bankruptcies and rules that you must understand, hiring an experienced bankruptcy lawyer can be valuable in your situation.
As mentioned earlier, a bankruptcy lawyer can assist in you determining whether or not it is a good idea to file for bankruptcy.
And if it is a good idea, you will know which type of bankruptcy to file. Furthermore, your attorney will ensure that your property is protected. Then, your lawyer will guarantee that your dischargeable debts will be discharged and your creditors will not violate your rights.
Working with a lawyer can be a great idea. After completing your bankruptcy, you can start on the right road so you can finally be free from the clutches of your debt.
Chapter 7 Lawyer for Your Financial Freedom
At Karine Karadjian law office, our chapter 7 lawyer in Los Angeles is committed to helping you with debt relief. Give us a call today for a free consultation: (818) 918-9660