Skip to main content

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.

Comments

Popular posts from this blog

Chapter 7 bankruptcy Las Vegas to eliminate your debts and give you a fresh restart for financial stability

Chapter 7 bankruptcy focuses on liquidating your non-exempt assets, and your many types of unsecured debts are eliminated. You may be suggested to file for Chapter 7 bankruptcy by your lawyer based on certain signs, like your unsecured debts are more than half of your annual income, or it would take you five years or more to pay your debts even if you took extreme measures. Bankruptcy will set you financially free as debts get discharged, and you also get peace of mind. When the stress and anguish go away, you will be in a condition to make better decisions, and handle your financial life in a better way.         When the process is complete, a vast majority of debts will be eliminated, and you will have a cleaner slate to start afresh. To qualify for Chapter 7 bankruptcy Las Vegas in Nevada, you will have to pass a Means Test, that aims to prevent low earners from getting the benefits of Chapter 7 bankruptcy protection. To qualify for the test, your averag...

All that you need to about bankruptcy and expectations in bankruptcy consultation

You may feel the need to file for bankruptcy for many reasons, like your debts have become overwhelming and unmanageable, or you experienced job loss or reduction in income, that may make it hard to keep up with your payments and other regular financial commitments. Though filing of bankruptcy could be a difficult decision, especially when it has a stigma attached to it, nevertheless, it’s a legal option that gives you a chance to put your business together and have a financial restart. However, not everyone is aware of which type of bankruptcy they qualify for, and how to proceed with it. It’s here that the expertise of specialist bankruptcy lawyers, such as Recovery Law Group, can make all the difference to your financial future. When you consult for bankruptcy, you will come to know that all individual bankruptcy cases are handled by federal courts in the USA. Most individual bankruptcies are filed either under Chapter 7, or Chapter 13 of the US Bankruptcy Code.   You may ...

Understanding the role of Chapter 13 bankruptcy trustee and their critical functions

  Chapter 13 bankruptcy, also known as “Wage Earner’s Plan”, is offered to individuals who need some extra time to pay off their outstanding debt. To qualify for Chapter 13, the debtor must have a steady income from various sources, and should not have more than $2,750,000 in unsecured debts, and $2,750,000 in secured debts. The debtor is given 3 to 5 years of time to repay their outstanding debt, and must demonstrate the ability to make the scheduled payment based on their income. The proposed plan must be feasible, and for this, the bankruptcy court will appoint a trustee to work out the plan, and how to repay the creditors.        The trustee has an important role to play in Chapter 13 bankruptcy. He will ensure that the proposed repayment plan complies with legal requirements, and is feasible based on the debtor’s income and expenses. The role of Chapter 13 bankruptcy trustee is quite comprehensive, he has to collect monthly payments from the debtor, an...