The decision to declare bankruptcy is never easy. There is a false perception that people enter bankruptcy because they lose their jobs or mismanage their money. This is not the case. The vast majority of bankruptcy cases are due to medical bills. When people are considering bankruptcy, they are short on cash. Therefore, people might hesitate to hire a lawyer; however, there are a few reasons why it is so important to hire a Rockville bankruptcy lawyer.
Discharge as Many Debts as Possible
The first reason why it is important to hire an experienced bankruptcy lawyer is that people want to discharge as many debts as possible. To make sure this happens, it is important to hire a lawyer who has been through this process before. While not every debt can be discharged, there are certain debts that can be discharged. This might include medical bills, credit card debt, and even some student loans. Nobody wants to end up with more debt than they must. It is important to hire a lawyer who will advocate for his or her clients.
Preserve as Much Property as Possible
In addition, it is important to hire a lawyer to protect as much property as possible. This is another false idea that people who enter bankruptcy are going to lose everything. This is not the case. The founding fathers wrote the Constitution to protect people who enter bankruptcy, providing them with an opportunity to get a fresh start. This means that people aren’t going to lose everything in bankruptcy as long as they hire a lawyer who can advocate for them.
Hire a Compassionate Bankruptcy Lawyer
These are two of the most important reasons why people need to hire an experienced bankruptcy lawyer to represent them. Nobody has to face this process by themselves.