The importance of choosing a good bankruptcy lawyer
The laws of bankruptcy in the country are tremendously complicated with a large number of loopholes that can stump most average people. Under the stress of bankruptcy and debt, it is natural that one’s judgment becomes clouded and one is prone to taking hasty decisions that one will regret later. In such a situation hiring a bankruptcy lawyer is the best possible course of action that one can take. A bankruptcy lawyer will be well versed with the laws of bankruptcy and will be best equipped to advice you on how you should proceed further.
A bankruptcy lawyer specializes in laws that are pertinent to the filing of bankruptcy. The bankruptcy legal process comes with a lot of baggage that includes hassles that can rob you of your night’s sleep. Hence a lawyer will be able to advise you and ease your mind and relieve the impending doom.
The bankruptcy lawyer will help you determine which chapter of the plans, or which type of bankruptcy you should file for. He/she will be best able to ascertain whether the chapter 7 liquidation plan or the chapter 13 repayable plan will best suit your needs. The bankruptcy attorney will not only be able to guide you but also protect you from a bankruptcy fraud that can otherwise lead to prosecution.
The job of the bankruptcy lawyer is to evaluate your case, examine your debt situation and prepare the appeal on your behalf. The appeal will be filed in the local bankruptcy court. The bankruptcy lawyer will create a deal that prevents your creditors from suing you further.
Most bankruptcy lawyers ask for advance on the fees. Usually the fees are a bit steep, between $800 and $1100. But you may find a few bankruptcy lawyers who are willing to forgo the advance if your financial situation does not allow you to do so. Such lawyers will accept payment in installments.
While picking a bankruptcy lawyer it is necessary that you do some research and devote considerable time to picking the best lawyer who can help you win the case. The necessary experience and a level of comfort can work wonders. Rather than picking a lawyer at random, going for someone you have been recommended, and someone who has experience in handling such cases. Before choosing the lawyer have a thorough interview with him/her and make sure you are entirely comfortable working with him or her. Make sure that the lawyer of your choice is fully licensed to practice in your state and is well versed in the local state bankruptcy laws.
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