Declaring bankruptcy is often a difficult decision for most people. Coming to the realization that you have made serious financial mistakes in your life and are now stuck with creditors constantly messaging you again and again is often difficult. However, the law gives you the option to file for bankruptcy and start rebuilding your life again. But, while it does make matters simpler, declaring bankruptcy is not as simple as you might think. First and foremost, you need to hire a team of bankruptcy Chapter 7 lawyers in Waldorf, MD. Here’s why you need bankruptcy Chapter 7 lawyers by your side.
Eligibility
One of the first reasons why you need to hire a team of lawyers is to figure out whether you are eligible for the bankruptcy or not. It’s important that you consult with your lawyer to determine whether you are eligible for Chapter 7 bankruptcy, or if you can file for Chapter 13. There are strict guidelines that must be followed before you file the documentation. You can get in touch with a reputable law firm, such as Christman & Fascetta LLC, to figure out whether you are eligible for this type of bankruptcy or not.
Filing the Paperwork
Once you have discussed your options and determined that declaring bankruptcy is the best option, your team of bankruptcy Chapter 7 lawyers in Waldorf, MD is going to draw up the paperwork and then file the relevant documents in a court of law. It’s recommended that you compare your options carefully and sit down with your lawyers to discuss how things are going to change in your life once the bankruptcy documents have been filed, before you proceed further with the application.