If you feel like you’re drowning in bills and have more debt than you can handle, bankruptcy seems like a viable option. However, most people in this situation don’t have a lot of money to spare, so paying a bankruptcy attorney may seem counter-intuitive.
Today’s “do-it-yourself” bankruptcy paperwork can be purchased at office supply stores or downloaded online. These forms allegedly walk you through the bankruptcy process so you can file without paying a lawyer. However, DIY bankruptcy is not all it’s cracked up to be.
You Run a Significant Risk of Having Your Bankruptcy Dismissed
Filing bankruptcy isn’t as simple as submitting paperwork to your local courthouse and then getting your debts discharged. The court will examine your bankruptcy petition and your finances in detail. They may decide to dismiss your case if the paperwork isn’t filled out properly. Also, the court could decide that you have enough money and assets to pay off your debts.
The chances that your case will be dismissed if you file on your own without an attorney are high. An attorney will help you ensure that all paperwork is filled out properly. The attorney will guide you through the filing process so you can be confident your case has the best chance of acceptance.
DIY Bankruptcy Won’t Help You Understand Statutes Specific to Your Case
A thorough review of your financial situation must be conducted by a bankruptcy lawyer. The attorney can determine if there are statutes that apply to your case that may help prevent you from liquidating certain assets. Other statutes could help protect your interests in other ways. Simple do-it-yourself paperwork will give you no background information on bankruptcy laws in Texas. Nor will they tell you what applies to your specific case and what doesn’t. It will simply provide you forms to fill out, without any guidance at all as to how you should go about doing it.
Don’t Take the Risk – Contact a Bankruptcy Attorney
Debt relief isn’t far away when you contact an experienced bankruptcy attorney to help you through the filing process. At the Law Office of Howard Tagg, we can help you better understand bankruptcy laws and statutes, what they mean for you and your family, and can guide you step by step through each stage of the process, from obtaining mandatory credit counseling to getting back on track once your bankruptcy has been finalized. Call today for a consultation at (903) 730-6366.