Bankruptcy is the legal process that helps individuals and organizations eliminate their debts or pay them back under the protection of a court. Filing for bankruptcy without hiring an experienced bankruptcy lawyer can be a costly mistake. The bankruptcy process can be long and complicated especially if a person does not have an adequate knowledge of the law. A competent bankruptcy attorney knows all the rules and regulations involved when filing a bankruptcy case. They help one examine their financial situation and understand all the options available to them. Here are top three roles of qualified bankruptcy attorneys in Baltimore.
Planning and Managing the Case
A qualified bankruptcy lawyer will help the applicant plan and manage their case. The lawyer has in-depth knowledge of the bankruptcy law. They can ensure that all the paperwork and documentation involved in the filing process is completed correctly. They will also make sure that all the relevant documents are forwarded to the right judicial authorities. This will help to avoid delays on the day of the hearing.
Evaluating the Applicant’s Financial Condition
An experienced bankruptcy attorney can help their client examine applicant’s financial condition. They can help them determine the form of bankruptcy that matches well with their situation. If an individual has too many debts and low income, they may not be eligible for Chapter 13 bankruptcy. In addition, if a person is making more than an average family in the state, they may not be eligible for a Chapter 7 plan.
Protection from Creditors
A proficient bankruptcy attorney can help to stop harassment from unscrupulous lenders. They can handle all communications with creditors to ensure that their client they do not breach the bankruptcy code. An experienced bankruptcy attorney can also make sure that not all debts discharged in bankruptcy appear on credit reports in the future.
Competent bankruptcy attorneys in Baltimore are committed to helping persons filing for bankruptcy get a better outcome from the case. They will offer the necessary legal counsel and support needed to navigate these types of cases.
