The latest recession changed many lives, and few of them made a turn for the better. The unstable economy resulted in many companies going bankrupt or being forced to reduce their staff. As a result, millions of people lost their jobs. Of course, this situation resulted in delayed mortgage payments that eventually crashed the housing market.This, in turn, led to people losing their homes along with their jobs. As you can imagine, these events had drastic consequences. The crime rate in most states increased, and so did the sales of alcohol and anti-depressant prescriptions. People cope with their problems in different ways. Unfortunately, very few of these coping methods are productive.
Some people decided to ignore their problems until it was too late, and then they lost hope and eventually lost themselves to one addiction or another. The stress they are under can explain why they are prone to making wrong choices, but it cannot justify them. If you want to solve your financial problems and start over, you should be looking for a way out instead of hiding from them. This means that you will need some professional advice. A highly qualified Tucson bankruptcy attorney can help you regain your footing and start over your life without debts.
Do You Really Need a Lawyer?
Some people are so distressed by the fact that they have more debts than assets that they decide to start the bankruptcy proceedings on their own. This is a perfectly legal way to go because the law only requires businesses to use an attorney’s services when filing their bankruptcy petitions. However, trying to handle everything without professional legal assistance can result in you losing many more of your assets than you could have. It’s not even to mention that the court can reject your petition. Hiring a good lawyer usually saves you from these things, but this will cost some money.
What Are Attorney’s Fees Made Of?
Good bankruptcy lawyers know that they are dealing with people that are struggling financially. Thus, they usually have flexible payment plans to offer to their clients. Discuss them and possible discounts when talking to an attorney for the first time.
Also, bear in mind that the length of your bankruptcy case will directly influence the cost. If a lawyer is very good, he or she will have dozens of cases. This means that the final bill will be hefty. Thus, look for a Tucson bankruptcy attorney that can give enough attention to your case.