Mistakes to Avoid when Filing Bankruptcy
Filing bankruptcy can give you breathing room from your creditors, help you repay or even eliminate your debts, and provide you with a new beginning in which you can rebuild your credit.
Bankruptcy laws are complex, however, and errors may lead to delays or even the dismissal of your case. The experienced New Mexico bankruptcy attorneys at Melwani Law can help you avoid many common errors and guide you from beginning to end. Your full cooperation and participation can ensure accuracy and efficiency throughout the process.
Most bankruptcy pitfalls are preventable. They include:
Not hiring an attorney
The last thing many people who are financially strapped want to do is invest money in an attorney, but not having experienced representation can prove to be far more costly in the end. Bankruptcy laws are complex and dynamic. A bankruptcy attorney has the experience to represent and stays current on all the changes that may be necessary throughout the process of filing bankruptcy.
Not being open with your attorney
Although there may be some aspects of your financial history, income, assets, or debts with which you are uncomfortable revealing, it’s necessary that you are entirely forthcoming with your attorney to ensure the accurate preparation of your petition. Inaccurate information could lead to your bankruptcy petition being delayed or even dismissed. Attorney-client privilege protects even the most sensitive information you may share.
Investing in legal representation when you are facing financial hardship may be overwhelming; however, doing so may give you peace of mind. The New Mexico bankruptcy attorneys at Melwani Law can work with you to see that your bankruptcy petition is filed properly and your creditors cease any collection activities.
If you are considering filing bankruptcy and are interested in learning more about how to ensure the process goes more smoothly, contact Melwani Law for a free initial consultation.