Dealing with bankruptcy is never easy, having a competent person represent you in such cases is therefore very important. To land this person, you will need to do a thorough vetting. Below is a step-by-step outlook on how to land competent bankruptcy attorneys is discussed.
The first thing to look for are references. Usually, a friend working in the legal system can suggests to you a few lawyers who specialize in this field. You can also do some online research to find a few bankruptcy attorneys with good reviews or even check your local yellow pages.
Contact these attorneys by phone. The aim of you first call is to invite each of these experts for interviews. Generally, most lawyers may offer the initial meeting free of charge. Always take note of how you are addressed; a bad voice tone or unresponsiveness from the attorney’s help is never a good sign.
In you meeting, ask as many questions as possible. Take note of how the lawyer responds to each of your queries and if they genuinely want to help you. Having the points you will be talking about written out in advance can be very helpful to make your vetting be more objective.
By the time you’re done with all these experts, you should be able to tell who you’ll hire. If not, you can repeat the above step until you find someone first rate. Though this process can take a lot of your time, it usually will lead you to a competent attorney.
Take note of the cost aspect. It is true that you are not exactly out to get the most expensive services, but on the flip side getting the cheapest attorney may be counterproductive. If you come across a legal representative who is charging very low rates compared to the rest, chances are that they are not the best. Also, there is a huge probability that they will not put in enough time for the case.
Bankruptcy is usually filled under chapter 7 and chapter 13. In a nutshell, chapter 7 will allow your to legally walk away from your debt – and chapter 13 will allow you to consolidate your debt under a more comfortable term and interest rate in order for you to pay it off with less stress. Your attorney should explain these options in detail to make sure that you understand your choices.
Please be advised that although filing for bankruptcy might help to solve your debt crises, it should be your last resort because it can stay of your financial record for up to 10 years (particularly chapter 7 bankruptcy) and cause serious financial consequences and social stigma.
I’m not saying this to scare you away from bankruptcy, because you gotta do what you gotta do. But just don’t be so fast to pull the bankruptcy trigger. Bankruptcy should be a situation where you have truly exhausted all other options, and are just to the point that you really see no other way out.