My wife and I made the decision to open a residential cleaning business. We needed enough money to get the equipment, do a bit of advertising and get the licensing and insurance to protect ourselves and our customers. For about two years, things went very well, but then, things took a terrible spin for the worst after we hired a few employees to help us with the workload. Since then, we have gone bankrupt and have gone back to working full time jobs. If you are struggling with your business and considering bankruptcy, this blog can give you some answers to the many questions that you have.
If you have fallen so far behind in your bills that you have a hard time seeing the end of the tunnel, then you may want to file for bankruptcy. Bankruptcy can help you to get out from under all those bills that are causing you so much stress. It can also put an end to the stressful phone calls and harassing letters you are likely getting from bill collectors. While you can file bankruptcy yourself, you would likely be much better off getting a bankruptcy attorney. Here are some of the reasons why having a bankruptcy attorney is a good idea:
The attorney knows the process
If you take on your bankruptcy case on your own, then you have to learn a lot of things. You have to learn about the bankruptcy laws, requirements, forms, and more. This can be frustrating, especially when you are already under so much stress due to your financial situation. Since you aren't an attorney, it can be easy for you to make mistakes, and those mistakes can prevent you from having your bankruptcy granted. When you get a bankruptcy attorney, they already know all these things and will significantly increase your odds of your bankruptcy being granted.
The bankruptcy attorney will deal with your creditors
If you've already been dealing with calls and letters from creditors, then you know how intimidating they can be. If you were to go through your bankruptcy case on your own, then it would be up to you to inform them about your bankruptcy status. When you've been being harassed by them already, the last thing you want to do is talk to them one more time. When you get a bankruptcy attorney, they will make contact with your creditors for you and let them know you have filed. Once the creditors are aware that you have filed for bankruptcy, they must stop contacting you.
The attorney can save you money
You may be considering doing your bankruptcy on your own because you are already in such a bad financial situation. However, it may come as a surprise to learn that getting an attorney can be the less costly way to go. When you have an attorney, you will likely get through the whole process faster, you won't have to pay out money for things like research, and you will have a better chance of success with fewer chances of postponements. Considering these things, it becomes easier to see how an attorney may be the more cost-effective way to go.
Contact a local bankruptcy attorney for more information.
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