When a person gets too far into debt, they may start looking for help. If they’ve tried everything they can think of and are still behind, they may decide filing for bankruptcy is going to be their last option. This will end the harassing phone calls and letters from debt collectors and help them get their finances back in order again if the bankruptcy is successful. Although it is possible for the person to file bankruptcy on their own, a person will want to speak with a lawyer for Bankruptcy Help in St. Charles MO.
Like many types of court cases, it is possible to file for bankruptcy without representation. However, the person will have to be extremely careful and study the types of bankruptcy to determine which one’s going to be the right one for them. If they do not choose the right type of bankruptcy and they are denied for not being eligible for the one they choose, they might be in a worse position by the time they can refile. Additionally, if they do not choose the right bankruptcy, they may not be able to get as much help with their finances even if it is approved and completed.
It’s also difficult to understand which assets are allowed to be used in a bankruptcy and which ones are not. Student loans, for example, are usually not allowed to be discharged in a bankruptcy. There are, however, exceptions to this that, though rare, may be beneficial if the person qualifies. They might not know they qualify for one of these exemptions and could end up leaving out a debt that could be settled through the bankruptcy.
Anyone who is considering filing for bankruptcy will want to get Bankruptcy Help in St. Charles MO from a lawyer. A bankruptcy lawyer is already familiar with the eligibility requirements for the different chapters, what the person can claim as debts, and more. They can help ensure the person selects the right chapter and that everything proceeds smoothly. The person will have someone on their side so they won’t have to worry about whether they’re doing the right thing.
For more information on how a lawyer can help with the bankruptcy process, click here to visit the website for the Law Offices of Steven K. Brown.
