Why Hire a Chapter 7 Bankruptcy Attorney in O’Fallon?

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chapter 7 bankruptcy attorney in O’FallonThere are a number of people who attempt to file for Chapter 7 bankruptcy without first hiring an experienced attorney. There are some who do not pursue professional representation as they believe they are unable to afford the services, while others feel they have simple cases and assume they do not need any legal representation at all. While it is possible to successfully file for Chapter 7 bankruptcy without an attorney, it is not recommended in order to achieve the best possible outcome. There are a number of reasons to hire a Chapter 7 bankruptcy attorney in O’Fallon, some of which are highlighted below.

One of the biggest issues people face when considering filing for Chapter 7 without proper legal representation, is not realizing that perhaps there is really no need for them to do so initially. There are many people who do not understand what bankruptcy is comprised of, and if they have any alternatives that have not yet been explored.

For the majority of people, the obvious choices when filing for bankruptcy are Chapter 7 or Chapter 13. However, prior to filing, there are important differences that should be understood: not everyone will qualify for both, or either, and each one will treat debt and property differently.

For example, for those trying to keep their home from going into foreclosure, filing for Chapter 13 may be the best option; however, for those who have no assets and low income, filing a Chapter 7 may be the best option. It is possible to lose a significant amount of valuable property, or not be able to discharge certain debts, should the correct path not be taken from the beginning.

With the help of an experienced attorney, you can feel confident that bankruptcy is the best option for your financial needs, and that the correct procedures will be followed throughout the process. The fact is that regardless of the legal issue at hand, from filing for bankruptcy, to hiring a traffic ticket attorney, proper legal representation is always highly recommended. For more information about hiring a chapter 7 bankruptcy attorney in O’Fallon, contact Teague & Associates, LLC at (314)899-4499 to schedule a consultation.