Trying to declare personal bankruptcy without the assistance of an attorney is a bit like trying to conduct your own knee surgery without the help of a surgeon. Okay, maybe that’s an exaggeration, but my hyperbole is meant to make a simple point about why you need lawyers. A personal bankruptcy lawyer can help you decide whether bankruptcy is a right option for your circumstances, and this has become more important due to the recent changes in the bankruptcy code.
Without this legal help, you would have to make your way through the maze that is in the bankruptcy code. You see, Congress passed a bankruptcy reform law in 2005 which was supposedly meant to help prevent abuse of the bankruptcy statute. In other words, politicians want to make sure that people who declare bankruptcy really needed bankruptcy and were just trying to skimp on their bills.
Well, many attorneys and consumer advocates have criticized this law as making the process much more complicated without providing any benefits to consumers or creditors. Whether that’s the case is an ongoing debate which goes well beyond the point of this article. If you think the law should be changed, take that up with your congressman or senator. For now, we’ll have to deal with the current statute which is so complex that judges are still trying to figure out just what the legislature meant by some of its provisions.
This means that having a personal bankruptcy lawyer is more important than ever. From deciding whether bankruptcy is the right course to begin with to filling out all of the legal forms properly, your attorney can help you step by step through the process. Otherwise, you may end up making a mistake that will cost you more than you bargained for regarding your financial future.