Over one million people required the protection of bankruptcy law in 2008. With economic conditions still deteriorating well over one million are expected seek bankruptcy protection this year. Bankruptcy is designed to decrease and in some cases even eliminate the burden of debt and to provide property protection from creditors.
Pro Se - Self Filing
If bankruptcy is seriously being considered then one of the most important decisions to make is whether to hire a personal bankruptcy attorney. Some bankruptcy advisers suggest that if a case is not complicated the best option is to use the services of a petition preparer rather than a licensed attorney to prepare the filing then file the case "pro se" without the services of an attorney. The …show more content…
A personal bankruptcy attorney can help determine first of all whether going bankrupt can actually resolve the debt problem in the first place. If so, which type of filing is more appropriate: Chapter 7 or Chapter 13? The attorney will make sure there is no unintentional bankruptcy fraud which can turn out to be a serious matter. The attorney can also file the appropriate documents which generally have very strict court deadlines and represent the filer in court if this is necessary.
Finding the Right Law …show more content…
Knowing what the going rate is will help in finding a law firm that specializes in bankruptcy law with competitive rates. However, even with a competitive fee schedule the ultimate cost of a bankruptcy filing is determined by how complex a case is and how long the case will take to complete among other factors. Rates are important but more important is whether the client feels comfortable with discussing their personal financial situation and how qualified the lawyer is to handle the case. It is not a good idea to compromise quality of service for low fees. Competitive fees and effective experienced legal service will provide the best
Pro Se - Self Filing
If bankruptcy is seriously being considered then one of the most important decisions to make is whether to hire a personal bankruptcy attorney. Some bankruptcy advisers suggest that if a case is not complicated the best option is to use the services of a petition preparer rather than a licensed attorney to prepare the filing then file the case "pro se" without the services of an attorney. The …show more content…
A personal bankruptcy attorney can help determine first of all whether going bankrupt can actually resolve the debt problem in the first place. If so, which type of filing is more appropriate: Chapter 7 or Chapter 13? The attorney will make sure there is no unintentional bankruptcy fraud which can turn out to be a serious matter. The attorney can also file the appropriate documents which generally have very strict court deadlines and represent the filer in court if this is necessary.
Finding the Right Law …show more content…
Knowing what the going rate is will help in finding a law firm that specializes in bankruptcy law with competitive rates. However, even with a competitive fee schedule the ultimate cost of a bankruptcy filing is determined by how complex a case is and how long the case will take to complete among other factors. Rates are important but more important is whether the client feels comfortable with discussing their personal financial situation and how qualified the lawyer is to handle the case. It is not a good idea to compromise quality of service for low fees. Competitive fees and effective experienced legal service will provide the best