Filing for bankruptcy is a major step and the process itself can be rather frightening since you might not know what the future holds or for how long you might feel the ramifications of this decision. Not only that, but bankruptcy can be complicated and choosing the right options for your situation can make a major difference in determining what happens next. To ensure you do not make any costly missteps, it is crucial to have a skilled legal advocate on your side to guide you through the process and achieve the best possible resolution.

Here are some reasons why you will need an attorney when filing for bankruptcy:

• In some cases, filing for bankruptcy might not even be your best option. You might feel like you are out of options, but sometimes there are alternatives you might not be aware of. A bankruptcy attorney will be able to help determine if bankruptcy is, in fact, your best course of action. If not, he or she can also advise you on other options that are better suited for your situation.
• If it turns out that bankruptcy is your best option, an attorney will be able to help you determine which chapter you should file for. Oftentimes, this is where some individuals make mistakes, and end up choosing the wrong chapter. If you have no income and have no viable assets, it is generally recommended that you file for a Chapter 7 bankruptcy. If you do have viable assets and a source of income, it is advisable that you restructure your debt to make the payments more manageable, which is known as a Chapter 13 bankruptcy.
• Having a bankruptcy attorney on your side will also increase your odds of acceptance. Filing for bankruptcy involves a vast amount of paperwork and failing to file something correctly puts you at risk of being denied. If you have an experienced bankruptcy, however, he or she can file the paperwork for you and help ensure your filing is successful.

Bankruptcy Attorney in Richmond

Filing for bankruptcy is not only a stressful experience, but a complicated one as well. At Bruce W. White, P.C., we have the experience and legal understanding that is necessary to secure a favorable outcome. Allow us to lessen the stress and uncertainties of this process by helping you successfully get the fresh start toward financial stability you deserve.

Contact our office today at (804) 655-0502 to request a free consultation.