Related Post: Pros and Cons of Chapter 7 Bankruptcy
Should I hire a lawyer to file Chapter 7 bankruptcy?
The U.S. federal court system highly recommends seeking the advice of a licensed attorney because filing for Chapter 7 bankruptcy has long-term financial and legal outcomes.
Why should I hire a Chapter 7 bankruptcy attorney for my case?
An experienced attorney familiar with Chapter 7 bankruptcy cases helps you manage the process during a complicated situation. Every bankruptcy case is unique, and a licensed attorney can help you have a more straightforward, faster, and more successful filing process by meeting deadlines, filing the correct paperwork, and managing your case.
What are the benefits of hiring a bankruptcy lawyer?
A Chapter 7 bankruptcy attorney can help you in many ways, such as:
- Explaining bankruptcy procedures and legal principles.
- Assisting you with all aspects of your case.
- Advising you on whether to file bankruptcy, what type of bankruptcy is appropriate, and the tax consequences of filing.
- Determining which of your debts can be eliminated (discharged).
- Discovering what property you can keep, like your home, car, or other high-value items.
- Talking to you about whether you should continue to pay creditors.
- Helping complete and file necessary forms.
- Following the rules and procedures of the U.S. Bankruptcy Court and Federal Rules of Bankruptcy Procedure, as well as local court rules.
- Discussing your case with creditors and the bankruptcy trustee.
How much does an attorney charge for Chapter 7 bankruptcy?
Attorney fees vary greatly. The filing fee for Chapter 7 is $338. Average fees can range from $500 to $3,500, according to NerdWallet.
Some firms can work with you to have a payment plan. Groce & DeArmon, P.C., offers a low down payment before owing the balance in payments.
Many Chapter 7 bankruptcy firms, including Groce & DeArmon, P.C., offer free initial consultations before you owe any money.
How often should I meet with my bankruptcy attorney?
After the initial consultation, you might meet with your bankruptcy attorney once every couple of weeks to discuss your case. You can call your attorney’s office to speak to someone over the phone when you have questions. Meetings may become more frequent once your court date approaches.
Do I need to go to court with my Chapter 7 bankruptcy attorney?
Yes, you will need to appear in federal bankruptcy court with your attorney. Make sure you arrive a few minutes before your appointed time. Your attorney will advise you as to what to expect during your court date. The judge will probably ask you a few questions.
How many Chapter 7 bankruptcy attorneys are near me?
In Springfield, Missouri, there are around half a dozen law firms that specialize in bankruptcy filings.
If you have any questions on how we can help, reach out to Groce & DeArmon, P.C., today. We’re happy to assist you in any way we can.