When you are having trouble paying your bills, the first thing you want to do is cut out any unnecessary spending. While it may make sense to start cutting your own grass or eating out less, trying to file for Chapter 13 bankruptcy without the assistance of an attorney is generally not a good idea. In fact, the government’s own position on the matter is that “seeking the advice of a qualified attorney is strongly recommended because bankruptcy has long-term financial and legal outcomes.”
Fortunately, you can schedule a completely free consultation with one of the attorneys of Berkowitz & Myer to discuss your options and find out if Chapter 13 could benefit you. To schedule an appointment with a lawyer, send us an email or call our office today.
How an Attorney Can Help in a Chapter 13 Case
There are many ways that an attorney can be of assistance if you are having trouble paying your bills and considering bankruptcy, some of which are described below.
- Evaluate your financial situation – It is important to remember that bankruptcy is not a “one-size-fits-all” solution and may not be appropriate in certain cases. In fact, sometimes, people are ineligible to file at all because of their debt level or income. Even if you can file, that does not necessarily mean that you should. Bankruptcy does have some downsides, and it is important to ensure that the positives outweigh the negatives before making a decision that could affect you for years to come.
- File your bankruptcy petition and help you develop a repayment plan – Filing for bankruptcy is not as easy as heading down to the courthouse, filling out a form, and giving it to the clerk. In order to file, you need to provide detailed information about your finances, including a complete listing of your debts and sources of income. In addition, you will have to propose a repayment plan that complies with certain provisions of the U.S. Bankruptcy Code. An attorney will be able to help you manage all of these tasks, ensuring that your filings are complete and accurate and that your repayment plan is feasible and will be accepted by the court.
- Address changed circumstances if they arise – Chapter 13 repayment plans can last anywhere from 3 to 5 years. If your financial outlook changes (for better or worse) during this time, your lawyer can address the matter with the court and make sure that your repayment plan is adjusted accordingly.
Call the St. Petersburg Bankruptcy Attorneys at Berkowitz & Myer Today to Discuss Your Case
Filing for Chapter 13 bankruptcy is a complicated process that can be difficult for consumers to navigate. That being said, it can also provide much-needed financial to relief to individuals who have gotten behind on their bills and may even be able to help stop foreclosure or repossession. To discuss your financial circumstances at no cost with an attorney, call our office today at (727) 344-0123 or send us an email through our online contact form.