how do i find a reputable bankruptcy attorney?

by Prof. Bridgette Thompson 5 min read

Full Answer

How do I find a good bankruptcy attorney?

  • Finding a bankruptcy attorney
  • Benefits of working with a bankruptcy lawyer
  • What to look for in a bankruptcy attorney
  • 5 questions to ask when vetting candidates
  • How much will all of this cost?

How to find the best bankruptcy attorney for your case?

What Should You Ask a Bankruptcy Lawyer?

  • Begin by establishing whether the lawyer thinks you’re a qualified candidate for bankruptcy, and if so, which variety, Chapter 7 or Chapter 13?
  • Find out how many bankruptcies they’ve done, and what types?
  • How large is the lawyer’s practice, or affiliate firm? ...
  • How quickly do they return calls? ...
  • How hands-on will the attorney be? ...

How do I choose a bankruptcy lawyer?

” Nobody wants that. Choosing a bankruptcy lawyer is essentially a two-step process: Begin by finding and vetting likely candidates. Complete the mission by interviewing the handful that meet your criteria, then retain the one that feels the most compatible.

Where is the cheapest bankruptcy lawyer?

“ Low Cost Bankruptcy+Quality!”

  • Our prices usually please everyone.
  • You can Pre-Qualify for Bankruptcy.
  • Free Consultation.

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What can a lawyer do for bankruptcy?

A lawyer can help you assess your financial situation to determine whether other debt relief alternatives might be in your best interest. And if bankruptcy is your best route, a lawyer can tell you whether you qualify for Chapter 7 or Chapter 13.

Why do you need a bankruptcy lawyer?

Benefits of working with a bankruptcy lawyer. If you’re struggling financially, bankruptcy may seem like the most direct way to solve the problem. A good bankruptcy lawyer can help determine if another option would actually be better for your situation.

What happens when you file Chapter 7?

When you file Chapter 7 bankruptcy, certain assets are exempt from the proceedings, which means you get to keep them. Your lawyer should understand which exemptions you qualify for and help you not lose assets unnecessarily. Help complete paperwork that’s required to file your bankruptcy petition.

How much does a bankruptcy lawyer charge for a Chapter 7 bankruptcy?

In general, you can expect to pay $500 to $3,500 for a Chapter 7 bankruptcy and $2,500 to $6,000 for a Chapter 13 bankruptcy. Understanding that their clients are in a tough financial situation, many lawyers are willing to work with their clients to set up payment plans.

What is the bankruptcy process?

The bankruptcy process involves disclosing a lot of personal financial information, and you’ll want to make sure you’re working with someone you feel comfortable with. That may mean you need to speak with a few candidates before you find the one who’s right for you. In this article, we’ll explore how to find and vet people for the job.

Why is it important to have a lawyer?

Because there’s so much at stake, it’s essential that your lawyer works with you from the beginning and knows the ins and outs of your financial situation. If you won’t be meeting with your attorney until the meeting of creditors, you may want to find someone else to work with.

Do bankruptcy lawyers offer free consultations?

Many bankruptcy attorneys offer free consultations, so it makes sense to use that opportunity to find a lawyer you’re comfortable with. When you take those meetings, it’s important to be prepared. Here’s a list of some of the questions you may want to ask to help evaluate an attorney.

How to find a reputable bankruptcy attorney?

You need to find a bankruptcy attorney to handle your case and to get the desired results. Here are some tasks that you can do if you don’t know how to find a bankruptcy attorney for you:

What Should You Ask a Bankruptcy Attorney?

Getting to know your bankruptcy attorney is very important and you need to check how much is his knowledge. Here are some questions that should help you to check that:

Advantages of hiring the reputable bankruptcy attorney

Many people think that they can handle bankruptcy filing, but it is not a great idea. When you choose a reputable bankruptcy attorney, you get many advantages, and some of them are as follows:

How much does a bankruptcy attorney charge?

There is no “right” amount a bankruptcy attorney should charge, although generally a Chapter 13 filing will cost more than a Chapter 7. Fees vary from case to case and from one state to another. You can expect to pay between $500 and $3,500 for a Chapter 7 and between $1,500 and $6,000 for a Chapter 13, LaBert says.

How much does it cost to have a free lawyer meeting?

Some attorneys offer free meetings, and others will charge a fee of around $35 for this initial conference. Don’t assume no charge means lesser qualifications; starting with free meetings can help you get comfortable interviewing lawyers and may lead you to the one you choose.

Does bankruptcy make sense?

Bankruptcy may make sense if you are unable to repay debts as you cover obligations such as retirement, food and shelter. Free Credit Score. by NerdWallet. A better score can help unlock the things you want — like a great travel credit card, better interest rates, lower insurance premiums and more.

Choose Your Debt Amount

The very fact that an individual is considering bankruptcy speaks to the difficulty in paying an attorney to help you file. If you’re in debt, does it make more sense to add debt to get out of debt?

Finding a Low Income Bankruptcy Lawyer in Your Area

Here’s an excellent place to start: The American Bankruptcy Institute has a page that lists and links bankruptcy attorneys in your state and area. Clicking, for example, on “Ohio” leads to a list of 22 cities with references to ABI member attorneys in those cities.

Utilize Payment Plans

One key fact to always remember about attorneys: The first meeting, called a consult, is free. That meeting allows you to lay out your situation, and gives the attorney the chance to offer suggestions or help. Listen carefully. The way the attorney approaches your case will tell you something about how reputable he or she is.

How to Utilize Reduced or Free Legal Services for Bankruptcy

Organizations that provide aid services can sometimes be the best option to find financial help with filing. These organizations are nonprofits that do the same work as the bankruptcy attorney, but usually do it for free.

Filing Bankruptcy by Yourself

It’s not necessary to hire a bankruptcy lawyer. You can file bankruptcy on your own, otherwise called pro se. The question is whether that approach is wise?

How to Pay Bankruptcy Court Filing Fees

Bankruptcy fees — $338 for Chapter 7, $313 for Chapter 13 – can be paid in installments, or if the need is great, even waived. The fee can be waived if you can show that your income is below 150% of the poverty level for your size family in your state, and (this is important) that you do not have the wherewithal to pay the fees in installments.

Pre-Bankruptcy Credit Counseling

The bankruptcy process includes a pre-bankruptcy credit counseling course that is completed before filing to help you determine if you, in fact, need to file. There also is a financial management course taken after filing.

Bankruptcy Lawyers Can Help You

If you're experiencing severe financial difficulties, bankruptcy can provide a path to debt relief and help you get a fresh start.

Types of Bankruptcy

A bankruptcy attorney can help you determine if the process is right for you or if other debt relief options are better suited to your needs.

Why File For Bankruptcy?

People wind up filing for bankruptcy for many reasons, often involving outside forces or unforeseen expenses: Medical debt and unexpected health care costs can quickly spiral out of control, credit card debt can accrue due to business expenses or needing to use a credit card during periods of unemployment and low cash flow, investments in the stock market, real estate or other financial vehicles might suffer due to a financial crisis, or a supply chain shutdown can cause debt to cascade in times of pandemic (such as the coronavirus/COVID-19 outbreak) or due to oil price fluctuations.

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