5 Tips On How To Hire Personal Bankruptcy Attorney - PowerPoint PPT Presentation

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5 Tips On How To Hire Personal Bankruptcy Attorney

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- If you are like so many millions of people who have run into financial troubles during this rough economy and you feel that the only solution is to file for bankruptcy you will need to hire a personal bankruptcy attorney. – PowerPoint PPT presentation

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Title: 5 Tips On How To Hire Personal Bankruptcy Attorney


1
5 Tips On How To Hire Personal Bankruptcy Attorney
If you are like so many millions of people who
have run into financial troubles during this
rough economy and you feel that the only
solution is to file for bankruptcy you will need
to hire a personal bankruptcy attorney. One of
the biggest mistakes that people make is to try
and save money by learning how to file for
bankruptcy and trying to handle it all
themselves. The problem is that the legal system
is very complex and the laws can vary greatly
from one state to the next so it's virtually
impossible for you to learn everything you need
to know to take care of your own bankruptcy.
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  • When it comes to hiring a lawyer to help you
    through this legal maze, here are some tips you
    should keep in mind
  • The first thing you need to remember is that you
    will be working closely with your attorney for
    weeks or months to come and you want to find
    someone who you are going to trust and feel
    comfortable working closely with.
  • Make sure you interview several attorneys before
    you hire one. Most will offer a free initial
    consultation so you can afford to do this. When
    you sit down to talk to them ask them what their
    fee schedule is as well as how many associates
    will be working on your case. In most cases the
    attorney will actually spend very little time on
    your case, most of the paperwork will be done by
    paralegals and clerks.
  • Ask the attorney how many personal bankruptcies
    they typically handle per month, or year. A
    personal bankruptcy will be much different from a
    corporate bankruptcy and you want a lawyer who
    is experienced in the type of bankruptcy you are
    filing. Just because they say they handle a lot

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  • of bankruptcies a year may not mean much to you
    if they handle almost all corporate bankruptcies
    and not personal.
  • When you decide on a certain attorney, make sure
    that you bring all the necessary paperwork to
    your meeting. Your attorney should give you a
    list of the specific things you need to bring,
    but if they don't, ask them.
  • For the most part you'll need any loan documents
    for both secured and unsecured loans, all medical
    and credit card bills, and all checking and
    savings account information. Your attorney will
    need to be able to determine not only how much
    debt you have but also how many assets. Do
    yourself a favor and resist the urge to lie. If
    you lie about your assets and that lie comes to
    light there can be serious legal ramifications,
    it's just not worth it.
  • To a large degree what state you live in will
    determine whether or not you can keep your home.
    A lawyer will let you know the various types of
    bankruptcies available for your situation and
    which option is best for you.
  • Going through a bankruptcy is a nerve racking
    experience. To make it somewhat easier it's
    important that you have an advocate on your site.
    Make sure you find a good personal bankruptcy
    attorney that you trust and like so that you can
    make this process less painful.
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