When you’re in serious financial trouble, a bankruptcy attorney can advise you of whether or not your situation is serious enough to warrant bankruptcy or if other alternatives are available. If bankruptcy is the best choice for you, the bankruptcy attorney will handle all aspects of the case so you can either wipe out personal or business debts through asset liquidation or reorganizing to pay debts over time. Bankruptcy lawyers explain to clients which chapter of the bankruptcy code they’re eligible to file under, whether Chapter 7, Chapter 11, Chapter 13 or otherwise. Also, bankruptcy attorneys assist clients with figuring out which possessions they can keep under available exemptions. Finally, when a bankruptcy attorney is retained, creditors must deal directly with the attorney and not with the client.