Feb 27, 2013

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Why It Makes Sense to Hire a Bankruptcy Attorney

If you find yourself in a position where you can no longer continue making ends meet and the threat of creditors at your door are making your nights sleepless, it may be time to consider contacting a bankruptcy attorney in Carbondale Il. Without a bankruptcy lawyer helping you through tough financial times, you could leave yourself exposed to wage garnishments and being sued.

Filing bankruptcy does not make a person bad. In fact, it can sometimes be the only responsible thing to do. If you have a family and you cannot pay your bills and care for the basic necessities of your family, filing for bankruptcy protection should be strongly considered. Talking with a bankruptcy attorney in Carbondale Il who can review your financial situation and make a recommendation of whether a bankruptcy filing makes sense or perhaps if just trying to work individually with your creditors for a manageable payment plan.

If you have decided you are going to file bankruptcy, it is worth the investment of hiring an attorney to serve as your ally and to make sure the paperwork is completed and filed accurately. The last thing you want to do is go to through the process of filing and miss adding a creditor to your list or some other crucial mistake. A bankruptcy attorney in Carbondale Il will make sure that the paperwork is filled out correctly, will attend the 3-4-1 creditor meeting with you, will advise you of which type of bankruptcy is your best option.

Many people just assume when you file bankruptcy, all of your debts are wiped clean. This is not wholly true. Some debts cannot be discharged such as recent state and federal taxes, student loans backed by the government and child support payments. And if you earn more money than the mean for the area in which you live, you may not be able to liquidate your debts by filing Chapter 7. You may have to file Chapter 13 where you agree to a repayment plan of a portion of your debts.

The cost for hiring a bankruptcy attorney in Carbondale Il will vary depending upon the complexity of your filing. Generally speaking, you should expect to pay anywhere from $1,500 to $2,500 for a basic Chapter 7 filing. Chapter 13 is more sophisticated and requires more time from your attorney, so you should expect to pay more.

Looking for a bankruptcy attorney in Carbondale, IL? Law Office of Bradley P. Olson provides bankruptcy help and advice from an experienced attorney to the clients.

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