The Unexpected Benefits of Working with an Attorney to File Bankruptcy Des Moines

by | Feb 28, 2014 | Bankruptcy Law

Filing for Bankruptcy Des Moines is often a complex process. Despite that warning, some people believe that it’s a good idea to forgo working with an attorney in favor of representing themselves in court. Though you may think that the cost of hiring an attorney outweighs the benefits, keep reading to discover three unexpected benefits that might make you change your mind.

Creditor Harassment

Many people expect that all creditor harassment will cease once you’ve filed for bankruptcy. However, this isn’t always the case. If you’ve decided to keep some of your assets, your creditors may be calling or sending letters asking you to sign a reaffirmation agreement stating that you intend to repay your debt according to the original terms. An attorney will provide sound advice about signing these agreements, and they will also advise you on what to say to each creditor (or speak to them on your behalf) in order to put a stop to any harassment.

Recovery Strategy

Once your financial debt becomes overwhelming, it can be difficult to see a way out of the situation. In order for you to get back on track, you’ll need a strategy. Even if you think you know how bankruptcy works, even a few wrong moves (such as signing a reaffirmation agreement when it’s unnecessary) can sabotage your efforts. Working with an attorney will help you ensure that your recovery strategy won’t come back to haunt you later and will actually produce the intended affects.

Financial Education

For some people, their dire financial situation is the result of a lack of knowledge about how to properly handle finances. Though your Bankruptcy Des Moines attorney won’t be able to provide credit counseling, you’ll probably watch your credit more closely after you file bankruptcy. Furthermore, in the process of advising you about your legal options, your attorney will help you understand how long it might take you to pay off your debt if you choose not to file Taking such a close look at your finances may be just the thing you need to help you curb your spending habits so you don’t end up in the same situation again.

Your financial situation may be bleak, but working with an attorney has the potential to make things better. With the right legal counsel on your side, filing Bankruptcy Des Moines could be the one decision that will help you get your life back on track.




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