Why Hire Bankruptcy Lawyer in Northern Virginia: Four Reasons

by John Fostar Media Releation

When a corporate house or an individual is unable to pay their debts, they can file for bankruptcy. Some of you may think of doing this alone, but you will be surprised to learn that bankruptcy laws are complicated. Just having knowledge of the law is not enough. You need to have the skill, competence, and the practice to carry on with your case smoothly.

 

If you are confident in each of the aspect, you may proceed with the bankruptcy case on your own.

 

If not, it is smart to contact a bankruptcy lawyer in Northern Virginia. It’s their job to handle bankruptcy cases. They do this daily. With an expert by your side, you can surely hope to relieve yourself from the “headache” of debts.

 

What to file - Chapter 7 or Chapter 13?

·         Chapter 7 involves liquidating the assets of the debtor to repay debts.

·         Chapter 13 involves charting out a well-structured repayment plan.

 

In both cases, you may need a lawyer to help liquidate your assets and to chart out a plan.

 

Still thinking of filing bankruptcy on your own?

 

Well, here are more reasons you must have a bankruptcy lawyer by your side during this financial crisis.  

 

1. Lengthy and complicated paperwork

Bankruptcy proceedings require a profound knowledge of federal and state law. They feature comprehensive paperwork and lengthy documentation of assets and liabilities of the debtor.

 

A qualified and competent lawyer can make the process smoother thanks to his/her knowledge and practice. They make sure your paperwork is error-free and complete because even a minor mistake or miss can compromise your right.

 

2. Communication with creditors

If you handle the case on your own, you must face the hounding creditors by yourself. Combine this with complicated proceedings and you get sleepless nights and an overdose of stress.

 

Do you deserve all this?

 

No.

 

It is better to let a lawyer handle your case. They will communicate with your creditor regarding settlements and negotiations. This saves you from any awkward moments while talking to the creditors. Lawyers know exactly how to talk to them.

 

If you are a big corporate house or partnership business, the United States Federal Judiciary makes it mandatory for you to hire a lawyer. However, an individual filing bankruptcy has a choice to hire or not hire.

 

3. Added security

Lawyers have malpractice insurance. This means if he or she errs in a case, you are entitled to be compensated for your loss.

 

You don’t get this protection when you handle the bankruptcy case on your own.

 

4. Connections keep the case moving

As an individual, you may know the law, but you may not have important connections and resources. A lawyer has.

 

They have connections from the lowest to the highest positions in the court, from clerks to judges and people in between. They also know the ropes well. Although this may not give any kind of legal advantage, but it will certainly keep your case moving in the court.

 

So, when you know you cannot repay the debts, it is smart to file bankruptcy and smarter to contact a reputable bankruptcy law firm.

 

Resource Box:

Rnnlawmd.com is a well-known bankruptcy law firm. You can expect to find the best bankruptcy lawyer in Northern Virginia here. Visit the site for more information. 

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Created on Aug 16th 2019 01:06. Viewed 468 times.

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