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Six Things You Shouldn't Assume When You Need To Hire A Chapter 7 Bankruptcy Attorney

Consumers who are struggling to manage their debt may need to file for bankruptcy. Hiring a Chapter 7 bankruptcy attorney is important when you are facing overwhelming debt and can't find a way out.

Being informed is important when you're facing bankruptcy because there is a lot of misinformation out there. The following are six things you shouldn't assume when you need to hire a Chapter 7 bankruptcy attorney. 

Your Chapter 7 bankruptcy attorney won't be able to protect your most valuable belongings.

Don't assume that you'll lose all of your most valuable assets if you file for Chapter 7 bankruptcy. In some cases, consumers may be able to keep their car, home, and other valuable possessions even after they file for Chapter 7 bankruptcy. 

It will be easy for you to file for Chapter 7 bankruptcy without an attorney.

It's always best to take advantage of the expertise of a professional bankruptcy attorney rather than trying to file for bankruptcy by yourself. You'll have more confidence that your bankruptcy filing is executed properly when you work with an attorney. 

If you're married, your Chapter 7 bankruptcy attorney will have to file for bankruptcy for you and your spouse.

You shouldn't assume that both you and your spouse will have to file for Chapter 7 bankruptcy if you're married. If the majority of your outstanding debt is in your name only, your attorney should file for bankruptcy for you as an individual so that your spouse's credit can be protected. 

You don't need to hire a Chapter 7 bankruptcy attorney unless you owe a lot of money.

You don't necessarily have to owe a huge amount of money to benefit from a bankruptcy filing. If you have no immediate means of paying your outstanding debts, it could be in your best interest to file for Chapter 7 bankruptcy even if you owe a relatively small amount of money. 

Your Chapter 7 bankruptcy attorney can get you out of all your debts.

While filing for Chapter 7 bankruptcy can get you out of a lot of your debts, you'll probably still have to pay some debts even after filing for bankruptcy. For example, you cannot get out of any tax debts by filing for bankruptcy and will still have to pay any money you owe to the IRS even after your bankruptcy filing. 

A Chapter 7 bankruptcy attorney can't file for bankruptcy for you if you've already had a bankruptcy in the past.

It's possible to file for bankruptcy more than once. Don't assume that you're not eligible for a bankruptcy filing simply because you've already declared bankruptcy in the past. 

For more info, contact a local Chapter 7 bankruptcy attorney


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