Filing for bankruptcy can be complicated, but it is often the best option for those struggling with debt. Choosing the right attorney to represent you is essential if you consider filing for bankruptcy.
Many attorneys specialize in bankruptcy law, so it can be challenging to know which one is right for you.
This blog post will discuss seven questions you should ask while choosing a bankruptcy attorney.
How Many Years Have You Been Practicing Bankruptcy Law?
When selecting bankruptcy attorneys in Boca Raton Florida, you first want to ask how long they have been practicing. The answer to this question will give you an insight into the attorney’s experience level.
You should also find out if the attorney has previously handled cases similar to yours. It will give you a better idea of whether or not they are familiar with the bankruptcy process and what to expect.
The next question you want to ask is how many bankruptcy cases the attorney has handled in total. It will give you an idea of their experience and success rate.
Other ways to check the expertise of attorneys include:
-Asking for referrals from other lawyers
-Researching their educational background
-Checking with the state bar association to see if they have any disciplinary actions against them
Do You Specialize in Bankruptcy Cases?
Bankruptcy cases are of three types: Chapter 13, Chapter 11, and Chapter 7
You will want to ask if the attorney specializes in the type of bankruptcy you are filing. Some attorneys may handle all types of bankruptcies, while others may only focus on one or two. Specializing in bankruptcy cases gives an attorney a wealth of knowledge and insight that general practitioners don’t have.
For example, an expert chapter 11 bankruptcy lawyer in Easton, MD, will have information like:
-The types of businesses that can benefit from this form of bankruptcy
-How to keep the business operating while going through bankruptcy
-What are the steps involved in a successful chapter 11 bankruptcy case
Chapter 11 bankruptcy can be filed when a business cannot repay its debts. The goal of chapter 11 is to reorganize the business and negotiate new payment terms with creditors.
Are They Licensed and Insured?
You want to be sure that your bankruptcy attorney is licensed and insured. It will protect you in case anything goes wrong during the process.
Be sure to ask if they are licensed in your state. You should also ask about any professional liability insurance they have. It will protect you financially if anything goes wrong during the proceedings.
For example, Chapter 7 bankruptcy involves a lot of paperwork which includes:
-A means test
-List of property and debts
-List of income and expenses
-Statement of financial affairs
It is just a short list of what will be needed to file. An experienced bankruptcy attorney will know precisely what needs to be done and can help you through the process so that it goes as smoothly as possible.
How Much Do You Charge for Your Services?
Bankruptcy cases can be costly, so you’ll want to ensure you are comfortable with the fees your chapter 11 bankruptcy lawyer in Palm Beach County will charge.
Be sure to ask about all potential costs associated with your case, including filing fees, court costs, and other miscellaneous expenses. You should also inquire about payment plans or other financing options that may be available to help you cover the cost of legal services.
It’s also important to ask about how your attorney plans to be compensated for their work on your case. For example, some lawyers may charge a flat fee, while others may charge an hourly rate. Still, others may only receive a payment if you successfully achieve a discharge or other favorable outcome in your bankruptcy proceeding.
Check for additional or hidden fees, such as phone calls, copies, and postage charges. These fees can add up quickly, so you’ll want to ensure you understand all the potential costs associated with your case before moving forward.
What Documents and Information Will You Need to Provide?
Be sure to ask what sort of documentation and information the attorney will need from you to build your case. It may include bank statements, pay stubs, tax returns, and asset paperwork. Other documents may include a list of your creditors and the amount you owe them.
Bankruptcy cases are not easy. They are emotionally and mentally draining. Therefore, you need an attorney who will be there for you every step. An attorney who is knowledgeable and experienced in bankruptcy law. An attorney who is compassionate and understanding.