Few people plan to accumulate debt. Often, debt accrues because of unforeseen circumstances, such as business losses, medical bills, or personal catastrophe. When you're unable to pay your debt, the collection calls and constant reminders of the money you owe can feel crushing. When you're in debt, sometimes declaring bankruptcy is the best thing you can do for yourself and your family.

A bankruptcy attorney can help you obtain and file bankruptcy paperwork to the appropriate agencies, in addition to helping you understand the pertinent parts of bankruptcy law. Here are four services that bankruptcy law attorneys can provide:

1. Figure out if you qualify for bankruptcy.

There are different types of bankruptcy. Chapter 7 bankruptcy is the most common type, which clears away all of a person's debt, but not everyone qualifies for it. Your bankruptcy attorney can help you find out if you meet the qualifications for this type of bankruptcy based on the means test applied by the government. You'll need to disclose all your assets and expenses so your attorney can create an accurate estimation of your eligibility. If you don't qualify for Chapter 7 bankruptcy, you may be able to file for Chapter 13 bankruptcy instead.

2. Assist you in filing the requisite forms.

In order to file for bankruptcy, you will need to fill out a number of forms. Filling these forms out truthfully and accurately is imperative because a failure to do so can get you in legal trouble. Your bankruptcy law attorney will help you with the process of filling out the necessary forms and submitting them to the appropriate governing bodies.

3. Help you determine which of your assets are protected.

When you file bankruptcy, many of your assets will be seized and sold to pay your creditors. Some assets are protected, which means they will not be subject to this seizure. A bankruptcy law attorney can advise you on which of your assets will be considered protected during this process.

4. Provide sound legal advice as it pertains to your debts and finances.

The purpose of bankruptcy is to help you clear your debts. However, not all debts can be discharged through filing for bankruptcy. Your attorney will help you understand which debts you can and cannot discharge through the process of filing for bankruptcy. They can also give you sound advice when it comes to how you should go about paying off your remaining debts. In some cases, lawyers will advise clients to continue paying creditors until the bankruptcy is granted. 

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