How To Find A Good Bankruptcy Lawyer?

Finding the Right Bankruptcy Lawyer

Table of Contents

Types of Bankruptcy

Filing for bankruptcy can be a difficult process, but it may offer you a fresh financial start. There are two main types of bankruptcy proceedings, Chapter 7 and Chapter 13. Chapter 7 is a liquidation bankruptcy, while Chapter 13 is a reorganization bankruptcy.

Under Chapter 7, your assets are sold and the proceeds are used to pay your creditors. Most secured debts, such as mortgages and car loans, aren’t eligible for liquidation. Instead, you have the opportunity to keep these assets by reaffirming the debt and continuing to make payments as agreed. In some cases, you may be able to keep all of your assets under Chapter 7.

Chapter 13 is a reorganization bankruptcy that is designed to help individuals with regular incomes repay some or all of their debts. It requires you to create a repayment plan that spans three to five years. During this time, you are protected from creditor actions, such as repossessions, foreclosure, and wage garnishments.

What does it mean to file bankruptcy?

Filing for bankruptcy is the process of asking a court to discharge your debts under either Chapter 7 or Chapter 13 of the Bankruptcy Code. During this process, you must disclose all of your assets, liabilities, and income. With the help of your attorney, you will negotiate with creditors to discharge some or all of your debts.

How to Find a Good Bankruptcy Lawyer

When you are considering filing for bankruptcy, you will want to find a good bankruptcy lawyer. Your lawyer can provide legal advice and help you through the complicated paperwork. Here are some tips for finding a good bankruptcy attorney.

First, start by asking family, friends, and colleagues for recommendations. If you know someone who has filed for bankruptcy in the past, ask them which lawyer they used. If you don’t know anyone who has filed, search online for local bankruptcy attorneys.

When you have a list of lawyers to choose from, contact each one to discuss their experience and fees. Ask them how many bankruptcy cases they have handled and how long they have been practicing. Also, ask them if they offer a free consultation to discuss your case and answer your questions.

Finally, pay attention to how you are treated. Look for an attorney who is friendly, knowledgeable, and communicative. You should feel comfortable discussing your financial situation and have confidence that your lawyer is in your corner.

What to Look For in a Bankruptcy Lawyer

When you are looking for a bankruptcy attorney, there are certain qualities you should look for. For starters, make sure the lawyer you are considering has significant experience in bankruptcy law. You also want to make sure the lawyer is in good standing with the state bar association.

In addition, look for a lawyer who is knowledgeable and willing to answer all of your questions. Ask them to explain the bankruptcy process in detail and discuss how they plan to approach your case. Make sure they are honest and forthright in their answers and that they are willing to work with you throughout the process.

How Much Does a Bankruptcy Lawyer Cost?

The cost of a bankruptcy lawyer varies from state to state and from case to case. Generally, Chapter 7 attorneys charge a flat fee, while Chapter 13 lawyers charge an hourly rate. In Texas, the average cost for a Chapter 7 lawyer is about $2,000, while the cost for a Chapter 13 lawyer is usually between $1,500 and $2,500.

Keep in mind that a good bankruptcy lawyer is worth the cost. They can help you understand your rights, prepare the paperwork, and negotiate with creditors. With their help, you can get the fresh start you need.

1 thought on “Finding the Right Bankruptcy Lawyer”

  1. Finding a good bankruptcy lawyer is paramount for making sure you have the best possible outcome – researching and taking time to check lawyers’ credentials is essential.

Leave a Comment

Your email address will not be published. Required fields are marked *