When Filing Bankruptcy, Are Attorneys Necessary?

Help Finding Lawyers and Attorney Fee Guidelines

The short answer - No - attorneys are not required when filing bankruptcy. The better answer depends on each persons financial circumstance, assets and liabilities, potential risks for legal snares, and expectations regarding the final discharge. New bankruptcy laws intentionally force most people in Chapter 13, for a period of years, requiring all disposable income be paid to debtors even full payment is impossible. Through years of struggling in vain, many debtors question the purpose of what may seem like debtor's prison. Or, with a the assistance of highly talented bankruptcy attorney, precise qualification may be available through one of several exceptions contained within the new Code. For a few hours interviewing potential attorneys, debtors may save 5 year of pointlessly subsisting beyond the threshold of poverty.