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Going Bankrupt – Get a Lawyer

July 15th, 2007 by Shenron

When you are facing insolvency, it is crucial to seek professional help. Seeking support from someone who has extensive knowledge on bankruptcy proceedings prevents you from making false moves that could endanger your property. Careful assessment is the key in finding a good bankruptcy attorney – a checklist, including the criteria you wish to have in an attorney, should be prepared.

Where can bankruptcy lawyers be found? Usually they get themselves advertised, whether in classified ads or words of mouth. When you look lawyers up in classified ads, they usually give short and concise information about themselves. Find out their fields of specialization, the cases they have handled and the percentage of these they have won. Other lawyers (especially those connected to large law firms) are so popular that they rarely need any advertising. If you’re planning to have a large firm represent you, remember that you’re most probably going to be dealing with a paralegal rather than a lawyer. Try to find ways to have direct contact with a lawyer.

If you are considering a particular lawyer, ask for references from companies and individuals who already had dealings with this attorney. In the field of judicial dealings, a lawyer is identified by the case he handles. You may try to look up the cases this lawyer has handled and how successful he is in handling them.

In your first encounter with an attorney, you may immediately assess them by the way they speak and act. Remember that some lawyers attempt to impress their clients in order to convince them. It is important that you should be critical in your judgment. Even sensitive matters such as fees and payments have to be dealt with during the first meeting, if possible. If you feel comfortable in discussing these subjects with them, it could be a good indication that you can have a satisfactory lawyer – client relationship. If you are pleased with how a lawyer handles his cases, you could seriously consider him to also take your case. Your overall impression of a person can help you figure out if this is the lawyer you wish to help deliver you from your debts.

If you have already made a decision, an initial orientation must take place between you and your lawyer. He should be able to familiarize you with terminologies involved in bankruptcy cases, educate you on bankruptcy laws, and teach you how to personally evaluate bankruptcy. Before you decide on filing for bankruptcy, let the lawyer explain how bankruptcy processes proceeds and ask him how he handled his previous cases. Your lawyer should be able to help you weigh the pros and cons of the legal actions you intend to take. Let him help you clear some of the bankruptcy myths you originally believed in. Make sure that all of your legal questions have been answered before you finally decide on filing.

Posted in Bankruptcy, Legal | | 0 Comments

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