Thursday, September 29, 2016

Spotting A Bad Bankruptcy Attorney Can Save Your Finances

By Gregory Collins


Bankruptcy is not in the least bit nice. The word is so ominous. There are many ways to asses a situation that is about to take the financial plunge to nothingness. Simply put bankruptcy is when one owes more than what they can afford to pay.

There are a lot of factors to be considered to be able to file the appropriate case for the given situation. Bankruptcy attorney Monterey offers many services that cater to unique situations, which can vary from state to state. Getting the right legal advice can make all the difference.

While paying someone to get you out of debt may not make sense at first glance, filing for these cases is still a legal burden that needs to be addressed with professional help. For this to be a success, the client getting the most of what little they have left and gave out is of utmost importance. Clients often file for two types of cases, Chapter 7 and Chapter 13.

Liquidation falls under chapter 7 and personal reorganization for chapter 13. Chapter 11 covers reorganization but for partnerships and corporations. Most of the basic things covered with a flat service fee should already include the main steps of filing for bankruptcy up to meeting with the credit company representative.

A real expert in these types of cases should not only been in the law business for a long time but should have also done a substantial amount of filing for the same kinds of cases. If the firm offers many other services along with bankruptcy filing, then it is likely that they are not experts and they just want to cover all bases, not having a single expertise. These attorneys are not experts but more jack of all trades types.

It is also very important to look out for run through the mill agencies. These are firms that take cases with little regard and detail based of what the clients need, almost making an automated process of the whole thing. Their work ethic seems sketchy and they can be notorious for unhappy clients. While there is no simple way to detect these kinds of firms at the get go, the local bar association is always available for any recommendations.

When the attorney fails to show up for initial consultation, that can be warning sign. It grows worse, when paralegals are left to handle paper work and still no lawyer in sight. The worst case is to only have the lawyer present when meeting the credit representative. This tells anyone that there was no proper examination and consultation for the given case.

There is no reason to be shy about setting up appointments with attorneys that offer free and in person consultation. This will help find a lawyer that is comfortable to deal with and help handle a relatively emotionally situation. During this appointment the attorney will also be able to identify if they can help or not.

There is a lot of research involved in hiring the right people to help with cases like these. The right legal help can be the thin line between getting deeper in debt or starting fresh and recovering from the fall. The goal for filing these cases after all is to be free of debt.




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