You could be in for a lengthy and complex phase with plenty of space for error if you file for bankruptcy. Hiring a bankruptcy attorney, on the other hand, will help the process go more smoothly because they’ll walk you through each move and provide you with all of the paperwork, you’ll need to file your case. Read this article to know more.
Unfortunately, as the demand for bankruptcy lawyers has grown, so has the number of unethical and dishonest lawyers looking to take advantage of the need for competent, honest representation at a reasonable cost. So, if you’re thinking about filing for bankruptcy, there are a few things to consider to help you find a competent bankruptcy lawyer.
Many bankruptcy attorneys claim to be able to file the case for $700 or less, or quote absurdly low fees that might seem appealing – but they fail to mention that their original quote does not include the $306 court filing charge. Furthermore, their absurdly low quote does not even apply to you – there are a range of exceptions that you may fall under, in which case you may not be eligible for the quoted bankruptcy discount. For example, the fee can only apply to single filers, not married couples, or to people who have a small amount of debt (e.g. $10,000-$15,000) but no assets. Before you know it, only a small number of filers are eligible for the discounted rate!
Why would you trust these dishonest lawyers to handle your case if they lie to you from the start? You should always do your homework before filing for bankruptcy, regardless of which bankruptcy attorney you want to work with. How long has that firm been in business? How many happy customers do they have? What kind of service would you expect from them? Look for a full-service law firm that will assist you in determining which chapter of bankruptcy is right for you, as well as manage the lengthy paperwork, accompany you to creditor meetings, and ease the filing process.