10 Things To Ask A Bankruptcy Attorney
Mar 23, 2021 · This is an important question to ask. You’ll want to retain a lawyer who devotes at least 50% of their practice to bankruptcy law. That operates to assure you that the lawyer remains updated and articulated on the always-changing bankruptcy laws and rules. How Long Have You Been Practicing Bankruptcy Law?
Jan 25, 2022 · Frequently Asked Bankruptcy Questions from Brooklyn Bankruptcy Lawyer (BE69) 1. How Long Have You Been Practicing Bankruptcy Law? BAD ANSWER: A few months. GOOD ANSWER: Three to five years. 2. How Long Have You Been With This Particular Firm? BAD ANSWER: A few months. GOOD ANSWER: Three to five years. 3.
If you’re considering declaring bankruptcy and would like a free consultation with our experienced bankruptcy lawyers, contact us here. We’ll be able to answer all of the questions to ask a bankruptcy lawyer in-depth. Call Us : 562-696-0582.
Oct 11, 2021 · Most bankruptcy lawyers would be able to look at your profile and figure out whether they would be the ideal fit for you. Either way, asking this question can bring in some clarity as to how you are going to be charged if you decide to hire them. Some lawyers ask for the total fees at the beginning, to be paid when your case is filed.
Much depends on your personal financial situation, but if you’re drowning in debt, and creditors are continually contacting you about payment, filing for bankruptcy might be the best step you can take.
The automatic stay is extremely attractive to nearly all debtors, but there are also other factors that operate in favor of filing for bankruptcy. Any lawsuits or garnishments against you are generally stopped as are repossession actions.
Both Chapter 7 and Chapter 13 proceedings are consumer bankruptcies. Chapter 7 cases are called liquidation or straight bankruptcies. After being discharged in bankruptcy, the debtor starts with a clean slate.
You’ll want a bankruptcy lawyer with a minimum of five years of exemplary bankruptcy law experience. Those lawyers are better prepared to address any complications that might arise in your case.
If the answer that you’re given is in the thousands, you’re probably in the right place. If not, you might want to arrange for a consultation with another bankruptcy lawyer with more experience.
Make sure that the person you meet with is a bankruptcy lawyer and not a secretary or paralegal. If no lawyers are able to meet with you, find another law firm.
The lawyer who you consult with probably has a preprinted list of anything that he or she needs from you to get started. You can ask for a copy of that to be emailed to you before your initial consultation, or it might even be on the law firm’s website.
Your lawyer can advise you when the best time to file for bankruptcy is. It’s often a good way to enjoy a fresh start and deal with financial troubles. But this is only when it’s done right.
Filing for bankruptcy will cost money. You’ll also have fees to pay your lawyer. Be sure to ask these details I’m advance so you can budget sensibly.
Everybody wants bankruptcy to be over and done with as quickly as possible. While a lawyer won’t be able to give you a definitive time period, they’ll be able to give you a rough idea how long your case will take. This can let you prepare for the process.
If you’re in a position where you want to keep property, perhaps Chapter 13 bankruptcy is the best option for you. With Chapter 7 bankruptcy, you’ll have to give up property to wipe your debt. To find out the best road to go down, discuss this with a lawyer.
There are often other ways you can deal with your financial difficulties, such as negotiating with creditors. A bankruptcy lawyer can let you know what the best choice is for you.
The best way to find a good bankruptcy lawyer is to enquire about their experience. You can ask about their track record when it comes to similar cases. You also want to choose somebody you feel comfortable talking to about your finances.
The better your credit before bankruptcy, the harder the hit you'll take. Chapter 7 will stay on your credit report for 10 years, Chapter 13 for 7 years. 33.
GOOD ANSWER: For Chapter 13, the federal filing fee is $274 and attorney fees could run $2,000 to $3,000. For Chapter 7, the federal filing fee is $299 and attorney fees could run from $1,000 to $2,500.
GOOD ANSWER: Bankruptcy gets creditors offer your back, allows you to keep some of your assets under certain circumstances and, generally, gives you a fresh start. 34.
BAD ANSWER: Bankruptcy shouldn't affect your credit score much at all. GOOD ANSWER: The higher your credit score before bankruptcy, the harder the hit you'll take. If your score is already poor, you probably won't see as dramatic of a drop. 48.
Last Updated: October 2, 2017. As though filing for bankruptcy isn't stressful enough, you're further challenged with finding a competent bankruptcy attorney you can trust. Naturally, it can be overwhelming, but it need not be difficult. It will most likely be a totally unfamiliar process and can be confusing and stressful.