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Should I Hire a Bankruptcy Attorney Charleston WV?

Posted by on Nov 2020 in Law and legal | 0 comments

The question of whether or not to hire a bankruptcy attorney Charleston WV is a question most people have had to grapple with. Sadly, very few have had the opportunity to weigh the pros and cons of filing for bankruptcy. For many, it is usually an after-thought after being ‘pushed to the wall’ or an unexpected occurrence of involuntary bankruptcy.

First things first, what is bankruptcy?

Though associated with a state of being unable to pay debts on time, bankruptcy is more than brokenness. It is a legal status which conclusion is reached after a due court process. As insinuated earlier, it can either be voluntary or involuntary. The former connotes filing of the petition by the debtor while the latter refers to the filing of the petition by the creditors. In both scenarios, the outcome is the same. We will however constrain ourselves to the former mode-involuntary bankruptcy.

So, should I or should I not hire the services of a bankruptcy attorney?

Now, there are advantages and disadvantages of filing for bankruptcy. To start with the disadvantages, bankruptcy places various limitations upon the person adjudged bankrupt. For starters, insolvency carries along with it a lot of shame and embarrassment. You are reduced to a “pauper.” Not that many people can take that positively. This is just a tip of the iceberg.

Before you decide to hire a bankruptcy attorney Charleston WV, it is important to note that the state of bankruptcy will subsist for a period of around 10 years. It won’t go away that easy.

Also, it is a serious impediment to your creditworthiness. You can actually forget about getting loans, running for public office, being a director in a company, getting tax refunds, obtaining mortgages – and the list goes on and on. So, it is not something that you can casually decide to walk in and out of. Don’t you forget that there are certain bankruptcy offenses as well-attracting serious penalties.

There is light at the end of the tunnel though. Some of the reasons why you should hire a bankruptcy attorney are listed below:

  • You have a chance to “start all over again.” After the lapse of 10 years, you will be discharged from all your debts. With the exception of student loans, alimony and child support, student loans etc;
  • Chapter 13 of the United States Bankruptcy Code allows for reorganization of the debts which may prevent liquidation;
  • Upon the filing of a petition, the court awards a stay of any debt-recovery proceedings that may be ongoing;
  • Bankruptcy proceedings take a very short time compared to other legal proceedings;
  • Fairness. It allows the creditors’ debts to be paid out pari-passu-on an equal footing.

So the facts speak for themselves. Analyze them and decide on whether to hire bankruptcy attorney today.






Filing for bankruptcy has its pros and cons. A lot of discretion is required before deciding to file for one. For contact with a bankruptcy attorney in Charleston WV, visit The Bankruptcy Law Center.