Bankruptcy is a very serious issue. It refers to a legal status that is declared by the court when an individual or a company is unable to pay its debt to the creditors. It is a problem that an individual cannot tackle himself. There are multiple reasons for it. Firstly, a layman is not very competent when it comes to the handling of legal matters. You need to have adequate knowledge and know-how of your legal rights and the ability to come up with strong arguments and a developed case to defend himself and file a bankruptcy petition. Therefore, you need to hire the services of a San Antonio bankruptcy lawyer in this regard.
Now, an important question that might be asked is, “What is the role and responsibility of a bankruptcy attorney and what should be expected from him?” The basic responsibility of the attorney is to handle your bankruptcy petition and represent you in court. Other than this you should also expect your San Antonio bankruptcy lawyer to:
- Provide Legal Advice:
The bankruptcy attorney should be capable of providing you with the legal advice that is in your favor. You should have a detailed discussion with him before filing your bankruptcy petition. He should study your case in detail and tell you whether declaring bankruptcy is in your favor. If yes, which type of bankruptcy should you declare and how will taking this step make your situation better. A competent attorney is highly professional and he would try his best to help you in any way possible and make the process smooth and hassle-free.
- Handle the Bankruptcy:
The whole responsibility of handling the bankruptcy will be on the shoulders of your attorney. It is a basic requirement that he should be well aware of the laws, rules and regulations and the legal formalities of dealing with a bankruptcy. He should handle all the history of your payments, loans, debts, and expenses to develop your case and finalize which type of bankruptcy you should be declaring. He should also handle the finances and the assets, their value and the total amount of the debts.
- Filling and Managing the Documents and Forms:
The filling of the bankruptcy petition forms is a very tedious task. The application form may range from thirty to sixty pages depending upon the extent of the debts and the number of the creditors. Some documents are also required to be submitted along with the petition. It is the San Antonio bankruptcy lawyer who is supposed to deal with all this stuff. He is responsible for collecting all the documents and filling the petition form.
- Dealing with Creditors:
Once it has been confirmed that you have hired the services of any bankruptcy attorney, the creditors cannot contact you directly. All the dealings with the creditors need to be done through the attorney. Hence, the attorney needs to be competent enough to deal with all the creditors as well as representing you in court.