Bankruptcy attorneys are lawyers who specialize in bankruptcy laws and provide legal advice for consumers or businesses to either eliminate or resolve debt. If you are considering filing for bankruptcy, the smartest and safest thing to do would be to let the professionals guide you through the rough waters.
That is where the role of bankruptcy law firms comes in. As the new bankruptcy laws make it difficult for consumer debtors to file one, it would be wise to hire a bankruptcy lawyer who can guide you through the process.
When you hire an attorney specializing in bankruptcy, you are not just hiring someone to prepare and file your papers. More importantly, a bankruptcy attorney provides you with advice on legal issues, deals with the legal sides of personal bankruptcy and makes sure your rights are protected.
The Roles of Bankruptcy Attorneys
The two most common consumer bankruptcies are Chapter 7 and Chapter 13 bankruptcy. Bankruptcy attorneys handle these types of bankruptcies extensively so you can be sure that you are getting correct legal advice when you file for bankruptcy.
These lawyers know the complicated laws of bankruptcy and make the law simple. They will educate you on bankruptcy laws, your rights and responsibilities — including your options and the consequences of bankruptcy — so that you understand what you are entering into.
A reputable attorney will assess your financial situation and help you decide the best option to take. They will walk you through every step of bankruptcy filing and will represent you in bankruptcy court. They will fight the aggressive and annoying creditors for you to help you protect your rights and keep your homes, vehicles and other properties.
In short, a good bankruptcy lawyer will be committed to providing you with valuable information, services and advice to get you into a brighter financial future.
Factors to Consider When You Choose a Bankruptcy Lawyer
Here are some important factors to consider when interviewing a prospective personal bankruptcy lawyer:
- Fees. Ask how much the attorney will charge you. If it is a fixed fee be certain about what services are covered in that fee. The average fee of a bankruptcy lawyer is around $800 to $1000.00. Find out if there are any extra fees that you have to pay but never use the cost as the deciding factor in choosing a bankruptcy attorney.
- Expertise. Look for someone who is experienced in bankruptcy cases and is who is up to date and familiar with all bankruptcy rules. Find out how long the attorney has been in practice and how many cases like yours has he or she handled.
- Services. Will the lawyer help you in every step of the process? Will he or she go with you at court meetings? Will you be working with him mostly or with a legal assistant?
- Communications. In choosing a lawyer, go with someone you can speak to with ease. Be sure you are comfortable in asking your attorney questions. Look at how he or she responds to your questions and the way he or she makes sure you understand everything.
So, if you are facing foreclosure, lawsuits, liens, repossession or wage garnishment, consider hiring a bankruptcy lawyer. As bankruptcy laws differ in each state make sure you find a good law firm in your area. Once you have made your choice, be honest with your attorney and do not withhold any information. Remember, it is your case. Your bankruptcy attorney is there to help you but you play the central role.