Going through bankruptcy or even considering filing for bankruptcy can be confusing and stressful. When you go through bankruptcy, there are important things that you can rely on from your attorney. A lawyer is essential for ensuring your bankruptcy is filed correctly.
You may be wondering what your bankruptcy attorney does for you and what to expect from your attorney’s services. Here’s what to expect from your Las Vegas bankruptcy lawyer.
1. Knowing What Type of Bankruptcy You Can File
For individuals and couples, there are two types of bankruptcy — Chapter 7 and Chapter 13. There are benefits to each type of filing and eligibility requirements to consider filing for each type of bankruptcy.
Related: What Bankruptcy is Right for You?
Your attorney can help you understand the requirements for each type of filing. When you know what each type of bankruptcy requires, you can choose the right kind of filing for your unique circumstances.
2. Explaining What’s Exempt and What Gets Sold
Your attorney should be able to explain to you what assets are sold and what assets are exempt in each type of bankruptcy. In Chapter 7, there are some things that you get to keep, but some of your assets may be sold. In Chapter 13, you get to keep all of your property, and you can get caught up on your delinquent home mortgage.
You can expect your attorney to go over your assets with you. They can help you understand what’s likely to happen with each asset and debt in the type of bankruptcy that you’re considering. An experienced bankruptcy attorney should have a clear handle on what happens to each type of asset in bankruptcy. Their guidance allows you to go into your bankruptcy proceedings with realistic expectations about what you can keep and what’s going to happen with your assets and liabilities.
3. Guidance and Representation for Hearings
When you file for bankruptcy, you must attend a meeting of creditors. You may also have to participate in other hearings. Your attorney can help you with these hearings in a number of ways. They can prepare you in advance for what you need to do for the hearing. They can also help you present yourself well and speak on your behalf at the hearing.
There’s a good chance that your bankruptcy lawyer has experience appearing in front of the trustee that’s going to be working on your case. They’ve done many hearings before, and they can help you prepare for your hearing and then handle it in a way that’s going to be effective. Your bankruptcy attorney also takes the pressure off on hearing day because you know you’re walking into court with a professional.
4. Help With Gathering Paperwork and Records
Filing for bankruptcy involves a lot of paperwork. You’ve got to document your assets and your debts. It’s going to seem like the bankruptcy court wants to know everything about you.
One of the things that you can expect from your attorney is clear instructions on how to gather the paperwork for your case. Your attorney can help you understand exactly what you need to gather as far as records go. They can make sure that you have what you need and that you don’t waste your time gathering paperwork that you don’t need.
5. Tips on Things to Avoid
With years of experience in bankruptcy court, your attorney knows what works. They also know where clients go wrong. In addition to helping you understand your case, you should expect your bankruptcy attorney to give you advice on things to avoid in your case.
6. Eyes on Deadlines
Deadlines are important in your bankruptcy proceedings. Your attorney provides you with guidance about your case, and they also make sure that you meet critical deadlines. In a bankruptcy proceeding, you can expect your attorney to explain what deadlines you must meet, and you can expect them to help you understand exactly what to do to stay on top of time limits in your case.
7. Knowledge of Changes in the Laws
Bankruptcy laws change over time. The information that you read on the internet may no longer be correct. You can expect your bankruptcy attorney to stay up on the latest changes in the law. It’s their job to know the laws, help you understand them, and help you use the laws to make your case in the best ways possible.
8. Status Updates
One of the important jobs of a bankruptcy attorney is to keep you aware of updates and changes in your case. They can tell you when you receive a new court notice and when things are approved. Along the way, they have the important job of helping you understand what the status changes mean. With your attorney’s help, you know as soon as changes occur in your case, and you know the significance of each update in your case.
9. The Benefit of Experience
At each stage in the case, your attorney can use their training and experience to help you achieve the best possible result in your case. From the first day you meet with your attorney until you finally close your case, your attorney helps you understand what you need to know to make your case as smooth as possible.
They can help you identify issues and take the right steps to do the best job that you possibly can with your bankruptcy hearing. If you have questions, they can give you answers that are specific to your case. When you have a bankruptcy attorney, you can expect them to serve as your advocate as you work together to make the most of your bankruptcy filing.
How Can a Las Vegas Bankruptcy Lawyer Help Me?
An experienced attorney has years of experience helping bankruptcy clients like you. They offer professional and compassionate services with an eye to making your bankruptcy filing as easy as possible.
They want to help you have confidence in what happens in a bankruptcy proceeding. They work with you to reach the best possible result in your case. Finding the right bankruptcy attorney can ensure a smooth bankruptcy process.