When considering filing bankruptcy finding the best attorney for you is important. The process by its nature is stressful but your bankruptcy lawyer shouldn’t add to it. Your attorney should be experienced enough and people friendly so that you can be relaxed as you go through the process.
Before you hire a Bankruptcy attorney, there are a few things you should ask to make sure the attorney will provide you with the best representation possible. Continue reading this article so that you can get a better understanding about what you should look for when you are hiring a bankruptcy lawyer.
Debt Relief Options
Hire a bankruptcy attorney that provides you with various debt relief options. For instance, it may be in your best interest to negotiate a reasonable repayment plan or debt settlement agreement with your creditor in lieu of filing for chapter 7 or chapter 13 bankruptcies.
Some creditors will cancel part of your debt in exchange for a lump sum settlement. Creditors often renegotiate debts because they know they may not recover any money from you if you file for chapter 7 or chapter 13 bankruptcies.
Whenever you pick a lawyer to represent you in bankruptcy its important that this attorney also has experience with debt repayment plans. Also, have the attorney lay out the pros and cons of filing for chapter 7 versus chapter 13 bankruptcy (assuming you first qualify to file).
Hire a Compassionate Bankruptcy Attorney
Do not hire a bankruptcy attorney that makes you feel bad about your current financial situation. Your attorney should show compassion towards you and be willing to help you obtain the financial legal relief you need.
Most people file for bankruptcy due to large medical bill payments, or as a result of divorce, prolonged unemployment, or bad financial investments. Filing for bankruptcy does not mean that you are a bad person and your attorney should not make you feel that way. Ask the attorney what he/she thinks about individuals filing for bankruptcy and why he/she practices bankruptcy law.
Specialize in Bankruptcy Law
Hire an attorney that primarily practices bankruptcy law. It is not in your best interest to hire an attorney that primarily practices personal injury law to handle your bankruptcy case. Experienced attorneys will be able to analyze your case and avoid any potential downfalls that may arise. Such downfalls may consist of a case dismissal, having to attend more hearings, or losing certain assets while retaining unwanted debts.
Reasonable Attorney Fees
When you file for bankruptcy, you will be required to pay attorney fees. Such fees vary by costs and complexity. The average cost including attorney and filing fees are anywhere from $700 to about $3000 for the whole case. Its important to inquire of the bankruptcy lawyer if you have to pay everything upfront or if you can make payments. Never use bankruptcy law firm factories that refer your case out or charge ridiculously low prices so that they can file huge numbers of bankruptcy cases. Hiring a bankruptcy mill firm can result in all sorts of complications arising while filing for bankruptcy. Always inquire as to what you are paying for and exactly what this attorney will do for the amount you have paid. Finally, choose an attorney based on the experience he/she has and not necessarily how much you will be charged. When a bankruptcy lawyers fees are far below what other attorneys are charging for the same service, this may indicate that what is being offered is not of the same skill level.
Most importantly, we recommend you obtain legal representation and do not file for bankruptcy by yourself. If you do this you may find yourself in a worse position before you file your case.