What Do Bankruptcy Lawyers Actually Do?

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In major cities such as Baltimore, the services of a bankruptcy lawyer are always on demand. This is because of the fact that there are a lot of people who have settled down in these areas. And when talking about large communities, you can count on the fact that there are always businessmen who are trying to establish their upstart companies. Sadly, not all of them will become successful in their venture. In fact, there is a big chance that some of them will come up short and declare bankruptcy after only a few years.

Now, when it comes to these situations, it is given that hiring a bankruptcy lawyer is the best option for you. These professionals are the ones responsible for protecting you and your assets whenever you’re on the brink of financial ruin. But aside from that, not a lot of people know exactly what they do. With that in mind, here are some of the tasks of a bankruptcy lawyer:

They are Professional Consultants

First of all, bankruptcy lawyers are the go-to people when it comes to anything that’s related to bankruptcy. With their extensive knowledge and years of experience, they know all about the ins and outs of this delicate process. With that being said, it would be wise to consult them about your plans of declaring bankruptcy before you go through with it. They will carefully analyze all of your accumulated debts and current assets. And with this data, they will give you an assessment of whether or not declaring for bankruptcy would be beneficial for you. They will even help you choose which type of bankruptcy to declare.

They Protect Your Assets

Now, if it’s necessary to declare for bankruptcy, your immediate goal is to retain as many assets as you can. Contrary to popular belief, you would not lose everything to this process provided that you make the right choices. With the assistance of a bankruptcy attorney, you would be able to protect your assets from being seized by the governing authority. They are able to do that by examining several bankruptcy options and presenting you with the best possible solution.

They Handle Documents

When declaring for bankruptcy, you’ll need to secure multiple documents that will support your claim. Of course, it’s never easy to handle legal paperwork on your own. But with the services of, say, a Baltimore-based bankruptcy attorney, you wouldn’t have to do all of that. Aside from being professional consultants, these attorneys also specialize in procuring and preparing all of the necessary documents for the case. They can consolidate all legal records that are required in filing for bankruptcy, which include paperwork regarding income, assets, debts, and expenses. And all of these would be compiled on time for the legal proceedings.

They are YOUR Legal Counsel

Since we’re on the topic, you’ll need a legal counsel to represent you when it comes to court hearings for your case. And no other professionals are more qualified to do that than bankruptcy lawyers. May it be court proceedings or meetings with trustees and creditors, they will stand by your side until the end of the process. Essentially, this is their most important function, as the validity of your bankruptcy claims can only be decided in a court of law.

These are just some of the roles and responsibilities of a bankruptcy lawyer. As you can see, they have a lot of functions and they do all of these tasks in every case they tackle. It might seem a lot, but these steps are essential in ensuring a successful bankruptcy claim for you. For them, it’s all about protecting and retaining your assets. So, if you ever find yourself on the brink of financial ruin, the best option for you is to avail of the services of a bankruptcy attorney in your area. Of course, it would be better if you work with lawyers who are known to be reliable and experienced.

And if you’re looking for an attorney who fits that description, then Atty. Richard Hackerman is the right choice for you! As one of the most reliable and experienced bankruptcy lawyers in Baltimore, Maryland, we can provide the assistance you need in dealing with your bankruptcy claims. For more information about the different types of bankruptcy options we cater to, feel free to visit our CHAPTER 7 and CHAPTER 13 pages. Additionally, you can also navigate to our FREE CONSULTATION page where you can leave us a message or send us a question regarding our services for debt relief. Contact us today and let us work together to protect and secure your assets!

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