Money is tight these days. If you’re thinking about filing for bankruptcy, then you probably don’t have a lot of cash to spare. You may feel that filing bankruptcy on your own is probably the cheaper, and therefore better, option than hiring a Bankruptcy Lawyer Tipp City OH firm to do it for you. Unfortunately, filing your own bankruptcy can lead to problems.

Bankruptcy laws have changed in the last decade, and it’s not as easy to get debt discharged as it once was. Petitioners must meet minimum requirements for a chapter 7 bankruptcy. If they don’t meet these requirements, their cases may be changed to a chapter 13 or dismissed altogether. Either option can be devastating for people who have a mountain of debt but limited income to take care of it.

A bankruptcy attorney like those who can be found at the offices of Shipman Dixon & Livingston Co. L.P.A have the knowledge and experience needed to maneuver around the many legalities involved in successfully getting debts discharged. The lawyers can advise you on the requirements of the law and examine your financial situation to determine if you qualify for the bankruptcy protection you’re looking for. If at first glance you don’t, the attorney can research other options that may lead to the same outcome.

Another benefit to working with a bankruptcy attorney is they will protect your rights. Creditors are barred from performing certain actions after being served with a notice that you’re filing bankruptcy. If a collection agent breaks the law and continues harassing you, the attorney can use legal remedies to make them stop and even help you collect money from them by suing the offenders in court for damages.

While it’s true that filing for bankruptcy on your own is cheaper, hiring a Bankruptcy Lawyer Tipp City OH firm is a better option. Knowing the financial straits their clients are in, some lawyers offer free consultations and even will accept payment arrangements for their legal services. There’s a lot you could lose if you mishandle your bankruptcy. Don’t take a chance with your financial future. Hire a lawyer to help you file for bankruptcy.