A bankruptcy lawyer is often a fantastic lifeline for anyone who is struggling with large amounts of debt, or who simply cannot repay their debts in a reasonable period of time. An attorney that specializes in bankruptcy cases can help you deal with aggressive creditors and assist you with finding the best bankruptcy type for your situation.

Creditors

One of the most useful ways in which a bankruptcy lawyer can help is by managing your creditors for you. As soon as you file your bankruptcy paperwork, a notice is going to be sent to all of your creditors informed them that they must stop all collection activity, which includes contacting you in any way.

If the creditors feel the need to discuss your debts or the bankruptcy, they must speak directly to your lawyer or the bankruptcy court. If a creditor continues to contact you, you can simply inform your lawyer and he or she will contact the collection agency and let them know that they need to stop because continuing to contact you is illegal.

Bankruptcy Type

A bankruptcy lawyer is also going to be able to help you file the best type of bankruptcy for your situation. This is very important because there are multiple types of bankruptcy filings available, and not all of them will be right for you.

If you are in a situation where you are unemployed or are struggling to handle your basic living expenses, the attorney is most likely going to recommend that you file a chapter 7 bankruptcy. This type of bankruptcy is going to result in most of your debts being discharged completely, giving you a clean slate. The downside to this is that not all of your debts will be discharged, with student loans, taxes, and legal judgements against you being some of the debts that cannot be discharged.

If you do have a job and are therefore capable of paying back at least some of your debt, then the lawyer may recommend a chapter 13 bankruptcy. In this type of filing, you will be paying the bankruptcy court directly for a portion of your debts.

The chapter 13 bankruptcy process allows you to pay back your debts over the course of a few years, which is made possible by lowering the overall amount of debt that you will need to pay back. The biggest benefit to this type of filing is that you will not have to surrender your property because you will be paying the debts.

Speak to a bankruptcy attorney today in order to discuss the many ways that he or she can help. An attorney (such as Richard S. Ross - Bankruptcy Attorney) can help you pick the most beneficial type of bankruptcy for your situation, while also getting your creditors to leave you alone once you file.