Before and after hiring a bankruptcy attorney, there are several mistakes that many people make and that you should make a concerted effort to avoid. By doing so, you can save yourself a lot of time, effort, and money. There is a right way and a wrong way to go about doing something, and with the help of a qualified lawyer, you can usually find the right way. For that reason, the first mistake you should avoid is trying to file yourself. Spend the extra money and hire a good lawyer. They can help you save a lot of aggravation in the meantime.
Secondly, make sure you really want to go through with this. Hiring a bankruptcy attorney and filing for Chapter 7 or 13 is a big undertaking and it can have fairly consequential effects on your credit for a long time to come. It could prevent you from purchasing some of the things you want to buy in the foreseeable future. Not only that, it could have an impact on the type of employers who are willing to hire you. Some employers see filing as a symbol of unreliability. Still, it is sometimes necessary. If you need to go through with it, then take advantage of the legal escape hatch our laws provide and don’t spend the rest of your life trying to climb uphill in the snow.
Don’t wait until things are too far gone before you hire a bankruptcy attorney and set the wheels in motion. If you know this is where your life is headed, then go ahead, make the tough call, and get out from under that crushing debt. If possible, do it before the bank forecloses on your house (if that is a danger you’re facing). Certain forms of filing will allow you to keep the home and get on a special repayment plan that works for you in your financial situation. If you wait until the foreclosure is already in progress, this may no longer be an option.
Finally, don’t lie to your lawyer or try to get away with something while going through the process. The people in the legal system have seen it all and they won’t be fooled. You risk jail time and exorbitant fines if you try to cheat the system. This is your chance for a new beginning, so don’t mess it up trying to pull a fast one on the government.