Filing for bankruptcy is a legal process that either reduces, restructures or eliminates your debts. Filing bankruptcy with a court is the first step. You can file on your own or you can file with an attorney. Bankruptcy costs include attorney fees and filing fees. If you file on your own, you will still be responsible for filing fees. A good bankruptcy attorney is a shrewd investment in a better future. As in any other profession, the choice of practitioner can make a big difference to your outcome. Look for a lawyer who meets these qualifications:
One Who Specializes in Bankruptcy Law
Look for a certified specialist or a lawyer with substantial experience in bankruptcy. Must have both training and experience in bankruptcy. A generalist may be able do a simple bankruptcy, but may not be able to tell if your case is truly “simple”. For example, it is usually not a good idea to have your family or estate planning attorney handle your bankruptcy unless it is an area he or she normally practices. Interview lawyers until you find one who suits you. Ask about their experience with cases like yours. Ask how many cases he/she handles a year, and the length of time he/she has been practicing bankruptcy law.
One Who Has Reasonable fees
Avoid the family attorney with highest fees, unless your case is extremely large and complex. Most people who are considering bankruptcy do not have the means to spend a lot on legal fees. The amount of attorney fees usually depends on your individual case and whether you are filing a Chapter 7 or Chapter 13 bankruptcy. In Chapter 7 cases, bankruptcy attorney fees and filing fees must be paid in full before your case is filed. In Chapter 13, most attorneys will take an upfront fee before filing, with the balance to be paid in your Chapter 13 plan. Lastly, payment arrangements must be flexible enough to fit your situation.
One Who Can Totally Give a Personal service
Get a lowdown of the bankruptcy lawyer’s accessibility and availability. If you are forced to meet with associates or assistants before getting to a candidate attorney, it’s a likely bet that you won’t get the kind of specialized help you need to navigate your tough financial hurdles. During the initial consultation, the lawyer should inform you on how he will proceed with the case – whether he intends to handle the case himself or if a paralegal would be responsible for routine matters. This way, you would know who to ask if you have a particular question about your case.
Third, it is crucial to have a lawyer who can give brief but concise answers to your questions. During the initial consultation, look at how he responds to your knowledge of the legal issues. Inexperienced lawyers would often feel threatened or intimidated by clients who have made some research prior to the meeting.
If you are facing a hard time paying your current debts. One things is for sure that your creditors will never give you rest until you pay everything. If the struggle to pay has become too much – filing for bankruptcy is a suitable option. To encounter the success of filing, you will need a suitable barrister. It is vital to know the qualities of a good lawyer. These qualities will offer proper guidance in selecting them.