Why You Need a Chicago Bankruptcy Attorney

Filing for bankruptcy yourself is possible but it's not advisable to do so without a Chicago bankruptcy attorney. There are a numerous legal loopholes that you'll have to jump through. Not having the knowledge of the entire process and all of the options available to you can leave you in a worse situation than you started in.

Chicago Bankruptcy Attorney Will Help with Bankruptcy

The main reason to hire a Chicago bankruptcy attorney is that they know the ins and outs of the entire process. From the most simple and basic decisions, like whether to file a Chapter 7 or a Chapter 13 bankruptcy, to the more intricate questions that relate to child support and shifting payments between amicable exes to take advantage of all loopholes.

Chicago Bankruptcy Attorney Files Paperwork

Completing and filing the paperwork for a bankruptcy, no matter what chapter you decide to file, is very complicated. It may seem simple at first but once you get further into the many forms, you will see what I mean. From the many requirements necessary to file bankruptcy to the detailed itemized lists of your assets and creditors and you'll quickly see why having a professional on your side is essential.

Beyond that, the bankruptcy courts demand the paperwork to be filed correctly and there is no room for any errors, even small ones. If you do make an error, it must be immediately corrected. Any omissions or errors will likely delay the process even longer or may cause your case to be dismissed by the court.

The bankruptcy trustee may also find that you haven't had proper legal advice. This can be a huge detriment to you when it comes to your 341 meeting between the trustee, you and your creditors, which may opt to have their attorneys present to represent their interests.

It's pretty clear why you shouldn't file for bankruptcy without first hiring a Chicago bankruptcy attorney.