What Qualities To Look For In A Bankruptcy Attorney?

 

If you have been considering filing for bankruptcy, your first move must be to determine the right Chapter 13, bankruptcy attorney. With numbers of lawyers offering bankruptcy services, it is imperative to seek the following qualities in them:

Free consultation

Lawyers helping people with their financial challenges will usually offer a free consultation. However, you are not advised to invest your time and energy anticipating any lawyer will offer free bankruptcy counsel. You should always look for one that has demonstrated experience in offering effective and free consultation for bankruptcy. 

Extensive experience

As you are dealing with your financial obligations and struggling to decide on a strong financial future, you will want to work with a bankruptcy lawyer that has years of experience in providing effective and result-oriented bankruptcy counsel for people from various age groups and financial liabilities. An attorney who has demonstrated experience in working with a variety of clients and solving their financial struggles is an ideal choice for you.

Detailed oriented

In addition to experience, an ideal bankruptcy attorney will have an eye for detail. Details are essential in bankruptcy counseling, and a lawyer who has been recognized for being thorough and meticulous is the right way to ensure that you gave the correct and perfect representation for yourself. Upon meeting your bankruptcy attorney for the first time, check to see if they are organized. Do their staff treat you well? Have you been kept waiting for a long time before the meeting? Is the lawyer’s office free of clutter? All these details matter while choosing the right bankruptcy attorney to represent your case.

Have up-to-date legal knowledge

This requirement is actually the deal killer if not properly met. Your prospective attorney should have up-to-date bankruptcy legal knowledge. Laws and rules applicable to this specialized area of law frequently change, and if a lawyer fails to keep up, they risk a poor result in your case. Be sure to ask how many bankruptcy cases the lawyer has dealt with so far. If you are not satisfied with their experience baggage, consider looking elsewhere.

Personality

Typically, you have to be free enough to get along with your lawyer. Handling financial challenges is demanding, and you will want a lawyer whom you are comfortable communicating with and whom you believe comprehends your specifics. One of the major complaints clients have as to legal representation is the lack of communication. At the time of your initial consultation, it is perfectly fine to ask for client testimonials and references. This is the time to judge if this lawyer is right for you.

Recovery Law Group, in this regard, makes an ideal avenue for you to stop and find the right bankruptcy lawyer to represent your case.

Bankruptcy attorneys at Recovery Law Group are reachable here: 871 Coronado Center Drive Suite 200

Henderson, Nevada 89052.

Consult their attorneys at +1 888-297-6203.

When is Chapter 13 bankruptcy your last resort?

 

Even though you can file for chapter 7 bankruptcy, there are certain circumstances while filing for chapter 13 bankruptcy may be more beneficial than filing for Chapter 7 bankruptcy.

Gain on a car loan and mortgage in Chapter 13

In Chapter 13 bankruptcy, you are allowed to make up for the missed payments over a period of time and keep the car or home, something is not possible in Chapter 7 bankruptcy. Making up for the missed mortgage payments is only possible in Chapter 13 bankruptcy.

Repay domestic support debts and nondischargeable tax in Chapter 13 bankruptcy

You will be able to use Chapter 13 privileges to pay those debts in full over 3-5 years.

Repay other debts over time in Chapter 13 bankruptcy

When you are having creditors coming at you for your property and salaries, it gets difficult to keep a shed over your head when paying off your debts. With the security of bankruptcy court, you will have a better opportunity of accomplishing both. The automatic stay prevents creditor actions when you pay off the debt over 3-5 years’ repayment plan.

Protect your codebtor on personal debt

If you have filed for Chapter 7 bankruptcy, but the codebtor will yet be on the hook, and your creditor is not going to stop going after them for the repayment. By contrast, if you’ve filed for Chapter 13, the lender will most likely leave the codebtor alone, as long as you keep up with the repayments.

Filing chapter 13 when you cannot meet chapter 7 requirements

Some bankruptcy filers can’t file Chapter 7 bankruptcy, because they failed the Means Test. Chapter 13 remains as their only last resort. This is the case if both of the following are true:

The monthly income of your recent six months before your bankruptcy filing date is more than the median income for a family of your size in your state.

Your disposable income, after deducting monthly payments for debts and certain expenses you’d have to pay off in chapter 13, exceeds some limits preset by the state law. These calculations happen to be referred to as ‘Means Test.’ They decide whether you hold the means to pay off a certain amount of your financial liabilities through a chapter 13 repayment plan. In case you do, you fail the test and are not eligible for chapter 7 bankruptcy filing.

Recovery Law Group – an experienced and most respected group of bankruptcy lawyers and services, can help you decide which chapter is right for you.

Call them on: +1 888-297-6203.

What are the key factors to consider when deciding whether or not file for bankruptcy?

For many people, to decide whether or not they should file for bankruptcy is not one to be taken on a lighter note, because there are several implications and conditions that go along with your decision. Today, we will be taking a close look at certain things you must consider and discuss when making a decision on whether or not you should go with the bankruptcy filing. 

It is imperative for you to restate that everybody’s situation is unique, and you can never have a one-size-fits-all approach to handling financial disputes. Similarly, not all are ever on the same page either, and all these factors must be considered while making a significant financial decision, for example – whether or not to file for bankruptcy. Because the bankruptcy filing approach differs from one to another, it’s highly advisable that you consult with a reputable and experienced bankruptcy attorney before jumping to any sort of conclusion. Since they are experienced professionals in this particular area of law, they can understand your situation better to come up with ideal advice. 

That said, there is a certain factor that most people might think of while deciding whether or not to file for bankruptcy – they are too common considerations that are likely to apply to perhaps all filers, despite their different situations and places in life.

If you have decided to file for bankruptcy already, your decision follows which sort of personal bankruptcy to file for. Such decisions are best made after a thorough and serious consultation with an experienced bankruptcy attorney. Chapter 13 bankruptcy makes you a repayment plan wherein the filer can use a payment plan to repay their debt in 3-5 years. This is usually picked if there was a provisional event that made someone get behind financially, for example, loss of job which has since been remedied. Chapter 13 enables the filer to keep their assets while needing them to pay off their missed payment using the repayment plan. 

Chapter 7 bankruptcy eliminates all the debts, and this choice is usually preferred when debt is unbelievably high or when there is just not sufficient income to leverage a repayment plan. There are laws that need you to be qualified to file for chapter 7, so this is never an easy choice for everybody. 

Another thing to take into account is whether you have had an expensive life event lately, such as a loss of job or divorce, or a medical event that might have added to your debt or hampered your income. The right bankruptcy attorney will definitely help you assess every situation and hence help you decide what your options are. 

At Recovery Law Group, as specialized bankruptcy lawyers, we will help you make the right decision for your exclusive situation by considering all the factors. If you are already considering filing for bankruptcy, get all the benefits from Recovery Law Group and its team of experienced bankruptcy attorneys. Call +1 888-297-6203.

Why do you need an attorney while considering filing for bankruptcy and what traits must an attorney have?

Financial challenges could have an effect on different aspects of your life. The debt collection agency will try everything to reach out to you repetitively. This repeated contact, moreover self-developed debt-related mental pressure could hurt your health, and also your family’s overall stability. Even though an endless number of people in the USA are in debt, just as you are, you could feel you are in this swamp all by yourself. When you are under piles and piles of debts, you are advised to take necessary steps to eradicate your debts.

As repeated efforts to collect debts turn more intense, you might be thinking to file for bankruptcy. To work with an expert bankruptcy lawyer could provide you with the lucidity you need to make an informed decision. This is the most satisfactory choice, provided your present financial condition. Yet, declaring bankruptcy is an alarming process.

This entire legal process comprises of both federal and state laws, and different problems ranging from minor to primary. This is why this might be a wise idea to maintain the services of a well-informed bankruptcy lawyer who could navigate you through every stage and assure that you reach the end of this stressful process satisfactorily.

Four essentials to look for in a bankruptcy lawyer

An outstanding lawyer always places your interests first, make you understand the benefits of filing bankruptcy, and the precautions that you might need to take afterwards.

An expert and good bankruptcy lawyer will pay heed to your details, needs, as well as constraints. Even though, the job as a bankruptcy attorney might get tedious after certain point in time, most lawyers still maintain their enthusiasm about the work because they love helping people and ensure them a better life.

Pay heed to how attentive and serious they are while understanding and evaluating your financial conditions. You will not prefer a lawyer who’ll go on and on about without allowing you to speak for yourself. An ideal bankruptcy attorney will ask you most questions, pay close heed to your responses, and perhaps even take notes.

The attorney you choose must have experience in successfully bankruptcy proceedings. It’s something you must ask about at your first appointment and interview.

So, if you are convinced to talk to a bankruptcy attorney about your bankruptcy filing thoughts, call on 888-297-6203.

What are some of the common questions to ask your bankruptcy attorney?

 

If you have a due appointment with a bankruptcy attorney to discuss a potential bankruptcy filing, have these following questions in mind. There are mainly two types of bankruptcy chapters, i.e. Chapter 7 bankruptcy and Chapter 13 bankruptcy. You will want to be sure that you have filed under the right chapter, and this is only possible through an experienced bankruptcy attorney.

The following are some questions that you must ask a bankruptcy attorney –

Must I be filing for bankruptcy?

You must understand that while cases might appear to be similar, however each individual’s situation is different, and unique, so the attorney must listen to every bit of your details that you have got to share. Once you have shared everything, the attorney must provide you with a suitable suggestion that will not only ensure you some momentary debt relief, but actually help eliminate 99% of your pending financial liabilities.

You must be wondering if there’s any alternative to bankruptcy – ask away

Based on your individual circumstance, there might or might not be another way. Only a bankruptcy attorney can give you assurance, but that too after thoroughly reading your case, needs and constraints.

Should I worry about my case?

As mentioned earlier, most cases are of almost similar pattern, and for years, Recovery Law Group has been offering consultations to families, businesses and individuals with utmost dedication and a flexibility of tailored recommendations and services.

We have the most experienced team at work, which can ensure you a smooth transition if or only bankruptcy is your last resort. The only idea behind consulting an experienced bankruptcy attorney is to cut off the risk of worry.

How long is the process going to take?

Chapter 7 bankruptcy usually takes around 3 months, while Chapter 13 last for about 3-5 years as it’s basically a debt repayment plan.

What is the easiest and non-hassle way to reach you at any given time?

An attorney is once hire, they have to make sure that creditors do not bother you again. This will also mean that you could be confident when your phone buzzes or there’s a letter in the mail box, it’s surely not from the creditors.

How will you remain updated?

The attorney must be flexible enough to be connected through all possible and fastest means, such as mobile phone, landline, email, office landline and office address.

What are your fees?

While our team at Recovery Law Group at 888-297-6203 remains competitive throughout, because we know that there are thousands who might need our help, knowledge and assistance to be out of debt-related miseries, we keep our fees competitive.