A bankruptcy lawyer experts in bankruptcy laws and bankruptcy filings. The idea of hiring an attorney to help you file for bankruptcy may come into the picture when you’ve gone through credit counseling, check all debt relief options that are available and you opt for filing bankruptcy.
You will need a bankruptcy attorney for this purpose because they are knowledgeable in the procedure or the requirements of consumer or personal bankruptcy filings. But more importantly, the best bankruptcy attorney can help you file and win the title of bankrupt for you.
Reasons to Get Legal Advice from a Bankruptcy Lawyer
Bankruptcy is the process when a person seeks relief from his or her debts. Personal bankruptcy laws allow a bankruptcy filer to resolve debts through the division of his or her assets among creditors and appoints the Bankruptcy Courts to supervise and litigate the proceedings involved.
In this process, funds allocation, the audits, the creditor claims, and the claiming of assets may be too much for a non-bankruptcy attorney, or a person who is not a lawyer, to handle. A bankruptcy lawyer can, however, give legal advice and find out all your legal options and rights. He or she can help you set your assets in order and smoothly take care of the files for bankruptcy.
Things to Do Before You Hire a Bankruptcy Lawyer
These are things to do yourself before contacting personal bankruptcy attorneys:
2. Understand different bankruptcy options. Learning about the right option for your needs is also essential for a successful personal bankruptcy filing.
3. Choose the right bankruptcy Chapter. Is chapter 7 right for you? Get tips on timing, qualifications and process for filing Chapter 7 bankruptcy if you can’t repay your debt. But if you have regular income filing Chapter 13 can help keep your properties. You may also want to learn about Chapter 11 for large amount of unsecured or secured debts.
4. Decide whether to file bankruptcy without a lawyer or with a good one. Once you have found the right bankruptcy chapter check out whether you have the money to pay a lawyer. If not, you may want to learn about steps to file bankruptcy and how to do it yourself. Also, learn whether it is possible to file online.
Steps for Finding a Local Bankruptcy Lawyer
Wondering what steps that you need to take to find and choose an affordable bankruptcy attorney? Here are a few steps that can help you choose a cheap but reputable law firm:
1. Bankruptcy is a special area of the law. You will need to work with a lawyer who is well-trained and experienced in the practice of bankruptcy law. Contact the local bar association for a list of suggested lawyers who specializes in personal or consumer bankruptcy.
2. You can also create a list of lawyers based on friends, family members and colleagues recommendations and then ask the opinions of their associations over these attorneys. As the bar knows about them, they can recommend you suitable lawyers that will be able to handle your case.
3. In addition to what the bar says, try to gather more information about the lawyers by contacting their clients or ex-clients. Consider listening to what their colleagues say about their suitability to your case. Also, remember to gather online information about the particular lawyers to complement your findings.
4. For two or three selected candidates, ask them about their success rate in handling cases such as yours and the length of time they have practiced bankruptcy law. Make sure that you are comfortable with the person and that you understand what they are talking about.
Now that you are ready to decide to go with one lawyer, ask him or her to show you a contract that lays out the scope of his or her services, the cost of the services and when you will pay those fees. Choose him or her if you believe that he or she will represent you in your best interests.
Overall, filing for personal bankruptcy is a serious event. By carefully choosing your bankruptcy lawyer you can expect to save money and other precious assets and get a better life after the bankruptcy as well.