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 a 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
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 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!