- May 17, 2019
- Thomas Adam
Many Floridians who file for Chapter 7 bankruptcy are low on money. In an effort to save or sometimes because they feel that they can not afford one, people sometimes avoid retaining an attorney who can help them navigate the bankruptcy process.
Unfortunately, there are a number of obstacles that people who navigate the bankruptcy process commonly encounter that require the assistance of an experienced bankruptcy lawyer.
Some of the most common of these obstacles are reviewed below as a reminder that it is almost always a better idea to obtain the assistance of an experienced bankruptcy attorney who can help you through this difficult time.
Filing for Bankruptcy is Not the Best Solution
Some people file for bankruptcy because they do not fully understand the bankruptcy process. Sometimes, a person files for bankruptcy without the assistance of an attorney only to discover that the process is unable to erase the types of debts that he or she has.
During a free initial consultation, a skilled bankruptcy attorney can help you determine if the bankruptcy process is a good fit for you.
Selecting the Wrong Bankruptcy Chapter
Many people benefit from filing either Chapter 7 or Chapter 13 bankruptcy. Each type of bankruptcy is designed to resolve a particular type of debt. While people who have low income and no assets benefit from Chapter 7 bankruptcy, for other people Chapter 13 is the best bankruptcy option.
During a free case evaluation, a bankruptcy attorney can determine the type of bankruptcy that will work best for you.
Not Filing the Required Documents
Bankruptcy requires a person to file a number of different forms. Failure to file all of the required bankruptcy documents can result in a person’s bankruptcy case being dismissed.
An experienced bankruptcy attorney, however, will help you successfully navigate the bankruptcy process and can make sure that you file all of the appropriate paperwork on time.
Failing to Utilize Bankruptcy Exemptions
You will not lose everything that you own in the bankruptcy process. Instead, bankruptcy exemptions are designed so that you can hold on to some valuable property during the Chapter 7 and Chapter 13 bankruptcy process. Many people who attempt to navigate the bankruptcy process on their own, however, fail to list the proper exemptions and end up jeopardizing their ownership of valuable items.
Rather than risk something that you care greatly about, a knowledgeable bankruptcy attorney understands bankruptcy exemptions and will be able to make sure you keep everything that you are allowed.
Failing to Attend Bankruptcy Education Courses
People who file for Chapter 7 and Chapter 13 bankruptcy are required to receive credit counseling before they file for bankruptcy. People who file for bankruptcy also must complete a financial management course before they can receive a bankruptcy discharge.
Unfortunately, many people are uncertain about these requirements, which can lead to a case’s dismissal.
Speak with an Experienced Bankruptcy Lawyer Today
If you need assistance navigating the bankruptcy process, you should not hesitate to speak with a knowledgeable bankruptcy attorney. Contact the Adam Law Group today to schedule a free case evaluation.