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Debt can feel like an unbearable weight on your shoulders, causing stress and anxiety. When the debts you owe continue to grow, you may decide that filing for bankruptcy is in your best interest. However, you may believe that embarking on this journey alone is in your best interest. Though you may believe that you don’t need a lawyer for this process, the following blog explores the risks of filing bankruptcy without the help of an attorney. You’ll also learn how to find a Memphis, TN consumer bankruptcy attorney to help you achieve financial relief.

What Risks Can I Encounter if I File Bankruptcy On My Own?

Just like you trust your doctor to give you medical advice, you should trust a bankruptcy lawyer to help you file. Though you legally do not need an attorney, trying to file on your own can lead to a litany of issues. These include, but are not limited to, the following:

  • Losing property that could have been protected
  • Having your case dismissed
  • Requiring multiple trips in front of the judge or with your bankruptcy trustee
  • Relinquishing your right to a discharge
  • Inability to file again
  • Facing criminal trial for fraud or perjury

As you can see, the risks of navigating this process on your own do not outweigh the cost of hiring legal representation. When working with an attorney, you can rely on the fact that you can have someone guide you through the bankruptcy process to ensure everything goes as smoothly as possible. This includes ensuring the paperwork you file is done so correctly, disclosing all debts and assets to ensure you are not committing fraud, and helping you determine which Chapter of bankruptcy is right for you.

What Should I Consider When Looking for an Attorney?

When looking for an attorney to help you through this process, understanding what to consider is critical. Generally, one of the most important things you’ll need to consider is their experience. Many attorneys practice a wide variety of cases. However, looking for an attorney who specializes in bankruptcy and debt relief can help you achieve the best possible outcome for your case, as they likely have experience handling cases very similar to yours.

In addition, you should consider how the attorney makes you feel. Though it is their job to be honest about your circumstances, you shouldn’t feel judged or belittled by the attorney for the debt you’ve found yourself in. They should be honest and upfront about what you can expect during the process, but they should also be compassionate and understanding about your circumstances.

Though bankruptcy has its downsides, it can help you receive a financial fresh start, which can help change the trajectory of your life. When you need help, the experienced and dedicated team at the Arnold Law Firm can help guide you through these difficult matters. Connect with us today to discuss your circumstances and learn how we can fight for you during these matters.