Hiring a bankruptcy lawyer is not necessary when you file for bankruptcy. However, a professional can make the process easier for you and minimize your losses. Maybe a good strategy developed with someone like Debtstoppers.com will help you avoid bankruptcy at all. To learn and decide, though, you need to find a reliable attorney first.
How A Bankruptcy Lawyer Will Help Your Case
To file or not to file, that is the question. It arises even before you decide to start the proceedings, and even at that early stage, you need bankruptcy lawyers who can assist you throughout the bankruptcy process. A qualified professional can audit your state of affairs and recommend immediate filing, some other way around, or filing after some preparations.
Which preparations? First of all, which type of bankruptcy do you want to file for. The basic options are Chapter 7 which allows liquidation of assets to pay creditors. Sometimes (depending on your business status) it’s better to give it up to start all over. On the other hand, there is Chapter 13 (also known as a wage earner’s plan) which enables you to develop a debt repayment plan without auctioning your property. To know whether you qualify to file under a certain chapter, you need a lawyer’s advice. Only a bankruptcy lawyer can give you the most appropriate advice.
When you have made your choice, there are always measures you can take to minimize your losses. You can contact your creditors, restructure debts with a special loan, or sell some of your property yourself to avoid records and probably to earn more. But all these details, including your income, your taxes, your property, and even your way of life, impact the outcome of the bankruptcy case. In short, it’s always too sophisticated unless you are a lawyer yourself.
What To Expect From A Bankruptcy Lawyer
There are some qualities you should expect from the lawyer you trust. All of them are crucial: you know it already, but your future depends on your competence. Here is where to look when you choose your lawyer:
- Specialization. Your lawyer should specialize in bankruptcy and have relevant experience in adjacent branches.
- Experience. The more successful cases the lawyer has in their history, the higher are your chances to succeed with them.
- Location. A local attorney is more competent when it comes to local law, and, in addition, may have established contacts.
- Attitude. You better prefer lawyers not involved in “bankruptcy mills”, those who treat each case individually.
- Comfortability. You should speak the same figural language to make sure you understand each other right. If you are far from the industry and don’t know professional terms, the lawyer should be able to translate between your English and their English.
How To Know You Can Trust This One
In searching for a reliable lawyer, you can do some research online or ask your friends and friends’ friends. Hardly should you believe what official pages say: they may use unfair methods of advertising. But a personal experience from someone who has been helped by a certain lawyer is a stronger reason.
If you don’t have friends or neighbors with bankruptcy experience, you can search online for the right lawyer. Self-representation, of course, is important. It reveals what language the professional speaks (figuratively speaking), what their specialization is, how they respect clients, and so on.
When it comes to reviews from clients, it can be slippery, as many malicious specialists buy fake reviews and comments to whiten their image. If the reviews look too similar, written in the same language with recurring mistakes or none at all, it can be suspicious. The same if there are massive blocks of review within certain periods and none or very few before and after. This concerns both positive and negative reviews.
By the way, too many positive reviews are also a reason to beware. People will rather complain about service on Facebook or other social media for improper work than praise for the proper one. So if you look at reviews first, focus on the negative ones and decide whether these cons are critical for you. Too many lost cases make an unacceptable impression. But when it comes to manners, location, and other subjective factors of discomfort, you may neglect them.
Personal impressions also matter more than they might seem. When you have found an attorney you consider suitable in your case, talk to them in person as soon as you can. The impression they make can be the decisive reason whether to choose them or not.
Choose Your Future
Choosing the right bankruptcy lawyer can impact the outcome of your case seriously. Not only can you minimize your losses with the right help, but also avoid most reputational risks that inevitably come with a bankruptcy procedure. The sooner you start working with a bankruptcy lawyer, the greater are your chances to succeed.
Check more articles on our website and blog to see how a good lawyer can help with other problems in your life.