Considering bankruptcy is a scary and uncertain time for any person or company. The process is complex and should be done in conjunction with an attorney. It results in a way for a person or company to restart their credit and financial obligations. For many people, this staves off financial destruction and the loss of all their assets. As with most services, research should be done to find the best solutions to a problem. So, here are 5 things to look for in bankruptcy services.
It is important to find an attorney with experience in bankruptcy law. There are lawyers who specialize in this because the law and the process are complex. Furthermore, depending on what kind of filing you will be pursuing, they may need to have more experience. For instance, a company’s process is different from an individual (or joint) process. You may need to meet with a few different attorneys before settling on the best option for you.
While there is a lot of good, ethical lawyers in this field, there are always a few that are the opposite. A good place to start your search would be with your state’s bar association website or the National Association of Consumer Bankruptcy Attorneys. You want to make sure you find someone who has been practicing for a certain amount of time. Meeting the attorney and asking pertinent questions can give you a good idea of how they run a case and if they are a match for you.
3. Alternate Resolutions
Attorneys should be prepared to offer different options to their clients. There are different kinds of bankruptcies a person can file. Each one comes with its own stipulations and procedures. The attorney should be able to gauge your financial situation through getting your information during the consultation. This knowledge will let them present options to you on which filing they think is best for your situation.
4. Passion / Empathy
Deciding to take the step and see an attorney is intimidating. The last thing you need is to hire an attorney that is either insensitive to your situation or does not really seem interested in understanding you. An appropriate attorney should make you feel like they are invested in helping you and your situation is important to them.
The initial appointment or consultation with the lawyer should be free. Since you should be meeting with a few different lawyers to discuss your options, you will be able to compare their fees. That is not to say that the cheapest lawyer is the best lawyer to use. Price should be an influencing factor, but sometimes you need to rely on other non-tangible factors, such as comfort level.