Chapter 13 Bankruptcy Attorney

More people than ever are finding themselves faced with severe financial difficulties. If you can relate, it is important that you know the state of the economy isn't your fault. There are several way to put your money concerns behind you, and getting a Chapter 13 bankruptcy attorney is certainly a possibility. But is it the best choice?

Filing for bankruptcy is not to be taken lightly, and there are times when an attorney may be helpful. The main problem is that if you are already in a bind with your money, then hiring a lawyer may be out of the question for you. There is a difference between wanting legal representation and being able to afford it.

When it comes to straightening things out, it is more logical to stop digging a deeper hole. In other words, finding cheaper ways of getting help will allow you to keep more of the money you currently have.

A low cost alternative to hiring a Chapter 13 bankruptcy attorney is to use a credit counselor or a place that offers free financial consultations. Doing it this way means shelling out a lot less cash up front, if any at all.

Because these options are more cost effective, you can get started on them right away. The fact is that no matter how bad things may seem, the longer you wait...the worse they will get. Taking advantage of credit counseling or a consultation will get you on the road to financial recovery much sooner.

There is another downside to dealing with a bankruptcy attorney. Once you file for Chapter 13, it will stay on your credit report for a full ten years. Having that kind of black mark on your record can make it virtually impossible to buy a new car, a house, or even get a job. You will also be considered a credit risk so any loans you do get will be at a much higher interest rate.

With all of the negative points of getting a lawyer, even if you ultimately do so, you may wish to consider going with one of your other choices first. And that's an important point as well. A lot of bankruptcy lawyers are quick to say how wonderful they are, and how using them is an easy solution. But what they fail to mention is that there are other choices that you can use.

Nobody likes to find themselves in the midst of money problems. And you can bet bankruptcy is only considered as a last resort. The good news is that hiring a Chapter 13 bankruptcy attorney is not something you will absolutely have to do. By using credit counseling or getting a free consultation, you are taking control of your finances and making your troubles a thing of the past.