If you’re planning to file bankruptcy, hiring the best lawyer for your bankruptcy filing is one of the most important steps you need to consider. Even though you can file bankruptcy on your own without taking any help from lawyers, it’s suggested not to go with that option as you will face tremendous difficulties.
However, just because you need a lawyer doesn’t mean you need to take the step lightly. Choosing the perfect bankruptcy lawyer is a time-consuming process. You need to pay close attention while choosing the best attorney to file your bankruptcy cases. Making mistakes or misunderstanding the law will undoubtedly negatively impact your rights. Remember that bankruptcy judges and court employees won’t provide any legal advice regarding your filing as the law prohibits them.
Ways a Lawyer Can Help You with the Case
Do you know why people consider choosing a lawyer while filing for bankruptcy? Here are some ways bankruptcy attorneys can help you:
- They will help you decide whether you should file for bankruptcy or not.
- They will advise what type of bankruptcy you should go for.
- Will provide you with information regarding the tax consequences.
- They will advise whether you should pay the creditors or not.
Now that you know the advantages of a bankruptcy lawyer, you need to choose the perfect one. Here are the top 3 things you should consider while searching for a bankruptcy lawyer.
Choose a Specialist
Lawyers are knowledgeable in multiple areas. However, your best option is to choose lawyers specializing in bankruptcy law. Choosing a lawyer who knows every ins and outs of bankruptcy law will help you during the filing process. Lawyers who know little of everything in the law sector might not help you as much as specialized bankruptcy lawyers. Not to mention, bankruptcy lawyers can fasten the legal developments per their respected industry. As per Small Business, poor cash flow is one of the most common reasons for business bankruptcy.
Make Sure the Attorney is Experienced
Make sure you consider the experience of the attorney. What matters is the number of cases that are handled successfully.
The NACBA says that many attorneys practiced bankruptcy laws for many years but failed to master the subject. On the other hand, other attorneys mastered the subject quickly and often handled bankruptcy cases.
If you feel that the bankruptcy lawyer is experienced or not capable of handling your case, don’t hesitate to walk away.
Consider the Local Expertise of the Attorney
Apart from being familiar and knowledgeable with the bankruptcy laws, the lawyers should also be familiar with the local count news to file bankruptcy cases. The procedures regarding bankruptcy vary from one locality to another. This is why you need to choose a bankruptcy lawyer capable of filing locally. This way, their knowledge will benefit you during the filing process. Additionally, make sure you avoid bankruptcy mills.
These are the top 3 things you should remember while filing for bankruptcy. Do you have any other questions? Don’t forget to comment below and let us know.