It’s unsurprising that a growing number of people are declaring for bankruptcy in this age of credit cards. In 2005, a new law dubbed the “Bankruptcy Abuse and Consumer Protection Act” was passed to combat the misuse of bankruptcy claims. If you have a serious and genuine financial problem, filing for bankruptcy is the best option. But before you do that, you’ll need to find a low-cost bankruptcy lawyer who can explain the new law to you and help you negotiate a good bargain. If you are looking for more tips, check out Spokane Chapter 7 Bankruptcy .
Where Can I Find a Bankruptcy Attorney?
Your search for low-cost bankruptcy attorneys can begin with your relatives and acquaintances. Those who have been through bankruptcy may be able to suggest some names. You will be able to determine the lawyer’s level of expertise. If you know an attorney, he or she may be able to recommend someone who can help you.
Bankruptcy is a complicated legal process, so you’ll need an attorney who can present legal options for either wiping out your debt by liquidating your assets and transferring the proceeds to your creditors, or arranging a repayment plan. The first appointment with a bankruptcy lawyer is usually free, so make sure you tell him/her the truth about your financial condition. Once you’ve engaged a lawyer, make a list of all your debts and provide it to him or her. Credit cards, medical expenses, loans, autos, and other such items fall under this category. Make sure your bankruptcy lawyer goes through all the nuances of the new law with you. Please do not hesitate to contact us if you have any questions.
Choosing a Reputable Bankruptcy Attorney
A skilled bankruptcy lawyer can provide you with expert advise on how to get your finances back on track. A qualified lawyer can assist you with debt management and repayment options. Before you make your decision, be sure you and your bankruptcy lawyer are on the same page.
You want a lawyer who is familiar with the system and who will effectively represent you. You will pay a little extra, but you will get what you paid for. Your local bar organisation can likely assist you in determining if a proposed fee is reasonable in comparison to the local standard. You may also compare services online to get an estimate of how much hiring a lawyer will cost you.