Reasons Why You Need a Tax Attorney for Filing Bankruptcy

Without an attorney, an individual has the rights to file for bankruptcy and provided if the case is straightforward, representing themselves might save on attorney’s fees. However, it is not always a good idea.

If you have a huge debt with the Australian Taxation Office or Revenue NSW, you should seek advice from an experienced tax lawyer in Perth to see whether your debts can be reduced or not. Moreover, if your case involves valuable assets or if you want to file for bankruptcy, filing without the help of a professional could cost you more than you could save doing it alone.

As the bankruptcy process in Australia has become more complicated in the past few years, a taxation lawyer in Perth is essential to obtain the most debt relief possible for the following reasons.

Experience

Though any attorney can handle a bankruptcy, in practice, only a tax litigation attorney in Perth can provide possible outcomes. Besides, bankruptcy cases require paperwork and detailed documentation of all the debtor’s liabilities and assets. A tax attorney can understand all the rules governing paperwork and statutory filing requirements, using the legal representation can make the process hassle-free as well as expediently. Even a minor mistake in the petition and filing process can compromise a filer’s rights. Thus, ensuring paperwork is completed correctly is a potential benefit of hiring a tax attorney.

Representation

As a debtor, you need to communicate with your creditors about negotiations, settlements, and specifics of the court proceedings. In such case, you can communicate through an attorney in addition to representing the debtor in court proceedings and meetings with creditors. A tax attorney in Perth can help you negotiate a suitable payment arrangement with the tax authorities in Australia.

They will help you in every step of the way to ensure that your rights are being protected and everything is carried out fairly. Attorneys will even stand up for you if something is not being conducted fairly. So once you file the case, you will be able to move on without any complications. If there are any complications with bankruptcy, it could cost you more. So, getting help from professionals will save your valuable time and money.

Resources

Unlike other bankruptcy filers, attorneys have established a connection with clerks, judges, and other parties to their client’s cases. Likewise, tax lawyers have extensive knowledge of the court system handling their client’s cases.

The author of this article is a renowned tax lawyer in Perth. In this article, he has explained various reasons to hire an attorney for filing Bankruptcy. With a team of dedicated attorneys, he helps clients resolve complex tax issues. Visit https://www.munrodoig.com.au/ for more details.

Founded in 2002, by its directors Colin Munro and Ron Doig, Munro Doig Lawyers is a leading law firm based in Perth, Western Australia.