If you are drowning in debt, it might be time to seek the advice of a bankruptcy attorney. About one million Americans filed for personal bankruptcy last year. There may be no other choice if you are unable to pay your bills. Bankruptcy will also keep your house from being foreclosed on as well as avoid debt collectors from harassing you. It can be a fresh start for many. Click to find out more about us.
When you think bankruptcy is the best option for you, it’s critical to hire a lawyer. The bankruptcy laws will be taught to you. You would also have done all of the vast volumes of documentation accurately. Your lawyer will ensure that everything goes smoothly throughout the procedure.
There are two forms of popular bankruptcies, as your bankruptcy lawyer can clarify. The first is Chapter 7, and the second is Chapter 13. An attorney will provide you with legal advice on which chapter you can file. Your bankruptcy attorney’s next aim is to secure your interests. You stand to lose a lot if you are unaware of your rights and do not have a representative. All of the irritating phone calls from creditors to your home will be stopped by the solicitor. You’ll also discover that you’ll almost certainly be able to retain your house, cars, and other belongings.
If you live in a big city, you can find page after page of bankruptcy attorneys if you open your phone book to the yellow pages and turn to bankruptcy. Other lawyers can provide this service if it fits in with their personal injury cases or the many other areas in which they practise. It is important to have an attorney who is well-versed with the law and keeping up with any developments in the law. Since bankruptcy is a specialised field, having an attorney who specialises in this area is important.
When you’re in a financial crisis, fees also play a big role in deciding whether or not to hire an attorney. When you employ a bankruptcy attorney, you’ll notice that all of them use a standard contract. They frequently charge a flat fee. This will usually involve a consultation, an appraisal, a decision on which chapter to declare, form planning, a review of the petition with the client present, and attendance at the creditors’ meeting. It will also require, if necessary, a follow-up consultation with the creditors. The discharge will be completed by the solicitor. You will discover that hiring a bankruptcy attorney actually saves you money.