Bankruptcy filing is at an all time high. This has caused a new bankruptcy law to be passed called the "Bankruptcy Abuse and Consumer Protection Act." Many people are having a tough time with debt and are now facing new rules for filing.
Here Are 5 Effective Tips For Getting A Good Bankruptcy Attorney
1. It is a good idea to ask questions until you understand what your options are. Do not be afraid to interview a lawyer and leave without retaining one if you are not satisfied. Look for a certified specialist or a lawyer with significant experience in bankruptcy. Never associate your self to a generalist, they may do a simple bankruptcy, but may not be able to tell you the status of your bankruptcy case.
2. Bankruptcy attorneys should explain the applications of the new bankruptcy laws. The attorney should explain how they function to relieve individuals and businesses from indebtedness and provide a new financial start. You need to know how the bankruptcy code regulates the bankruptcy proceedings. The attorney will help you understand which chapter you may file under, what bills can be eliminated, how long payments may be extended, what possessions can be kept, and all other details regarding the bankruptcy case.
3. Be sure to read the full details of the representation agreement, the draft schedules, the court notices and communications from your lawyer about your bankruptcy case. Ask your lawyer questions if you do not understand something. Be sure not to lie about anything regarding debts and assets.
4. You should take full responsibility for your bankruptcy case. You are the only person that knows the facts of your case and the one most affected by the outcome. An attorney can file a bankruptcy with you, but not for you. You need to educate yourself on the facts before rushing to file bankruptcy to avoid problems in the future.
5. A good bankruptcy attorney will be committed to getting you debt relief and providing you with valuable information, services and advice to get your financial affairs in order. An attorney can help give you advice about the bankruptcy laws and what is best for your current situation.
Bankruptcy law is a specialized area that can be far more complex than it appears. The issues are not always apparent or simple. Pick a bankruptcy attorney who can help you work through the issues, alternatives, and conclusions of your own choices.
Pick an attorney with whom you are comfortable, one whom you can ask questions and get responses you understand. Make sure your attorney specialized in bankruptcy cases and has had success in the past.