The Expectations & Roles Of A Bankruptcy Attorney

Mike Wallace

Mike Wallace, P.C. was established to provide debt relief services to people who find themselves in difficult situations so that they can have a fresh start and embark on a path toward financial freedom. Our firm proudly services the areas of Kilgore, Marshall, Hallsville, Gilmer, and Gladewater.

The bankruptcy lawyers at Mike Wallace, P.C. can help you whether you have out-of-control bills, a home in foreclosure, aggressive creditors, or any other financial burden. We want you to keep your assets and regain control of your financial health.

What Are The Responsibilities Of A Bankruptcy Attorney?

The United States Courts define bankruptcy as “a federal legal process for debtors seeking to eliminate or repay their debts.” Though filing for personal bankruptcy under Chapter 7 or Chapter 13 is possible without legal help, it is not unchallenging for those who do not have prior knowledge of the intricacies of bankruptcy and the legal system. Bankruptcy lawyers exist to facilitate all proceedings and navigate a course of action toward your ideal outcome.

There are certain expectations from bankruptcy lawyers, such as advice and guidance regarding:

  • Whether filing for bankruptcy is appropriate for your situation;
  • Which type of bankruptcy to file;
  • How the legal bankruptcy process works;
  • What tax consequences accompany bankruptcy;
  • How to complete the necessary legal forms;
  • Which debts can be reduced or eliminated;
  • Whether you should continue to pay creditors;
  • Which assets that you can expect to keep;
  • And more!

What Can Happen When People File For Bankruptcy Without An Attorney?

Because bankruptcy has significant long-term financial outcomes and enforceable sanctions, hiring legal representation is advised. Without proper bankruptcy litigation, mistakes are made that have lasting consequences.

Chapter 7 bankruptcies are considered relatively manageable without representation; however, depending on your assets, the process can still become complicated. Filing involves filling out extensive paperwork, gathering financial documentation, studying bankruptcy and exemption laws, and adhering to local laws and procedures.

The requirements when filing for bankruptcy are particular. It is impossible to proceed correctly without completing certain obligations by the court (e.g., credit counseling or debtor education courses).

Mistakes made by those filing for bankruptcy without an attorney, or “pro se,” can lead to repercussions such as:

  • Having your case dismissed;
  • Losing assets;
  • Facing a bankruptcy lawsuit;
  • Accumulating additional debt;
  • And other unfortunate realities.

Why Is Mike Wallace, P.C. The Place To Go For Bankruptcy Assistance?

At Mike Wallace P.C., your situation will be assessed by an experienced, compassionate bankruptcy attorney. This bankruptcy attorney will be with you from the start of the process to the very end. Our goal is to keep an open line of communication with our clients so that we can provide the best representation and support. We will keep you informed and involved every step of the way.

Our firm’s mission is to get you back on your feet regardless of the reason. Our bankruptcy attorneys do not cast judgment; no matter how you got into your situation, we will work to get you out.

Above all else, Mike Wallace, P.C. will offer you peace of mind that your financial future is in qualified hands.

Ready To Talk?

Book an initial consultation for more information about filing for bankruptcy or having your financial affairs assessed by a legal professional. Reach our bankruptcy attorneys at Mike Wallace, P.C. by calling (888) 402-5557 today. We look forward to working with you.

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