Filing for bankruptcy is a difficult task both procedurally and mentally given the stigma of falling into financial difficulties. However, this does not have to be traversed alone. Working with a bankruptcy attorney is extremely beneficial in a variety of ways, as they can simplify the many technicalities that come with this process and help you avoid taking any missteps. Bankruptcy as a whole has many long-term consequences, both legally and financially. Therefore, finding the right attorney for you is strongly suggested.
Schedule a Consultation
Even if you haven’t decided to file for bankruptcy just yet, speaking with an experienced bankruptcy attorney can yield some sound advice. You may find that bankruptcy is not actually the wisest route, and that there are alternative ways of settling any debts that you owe. Attorneys can also offer insight on some of the most common mistakes made during the initial stages of filing for bankruptcy. Overall, the more time spent with a bankruptcy attorney, the better. As an added bonus, hiring an attorney often results in a large decrease in calls from creditors, which can save both time and stress.
Consider Pricing
Paying for a competent bankruptcy attorney is important, but it is also important to not overpay. Many firms that advertise their pricing may reference the lowest fee possible that does not apply to all potential clients, or they fail to mention that some services are an additional cost.
Hiring a less expensive attorney purely for the sake of saving money will often result in more money lost, surprisingly. Due to corners cut, work being outsourced, and a final mediocre bankruptcy petition, more time and money will have to be spent accommodating and/or making up for this subpar work.
Don’t Hire Too Quickly
You should never feel pressured to hire the first bankruptcy attorney you interview. Your main priorities should lie in figuring out your best options for overcoming your debt, and whether or not the attorney in question can help you achieve that. After all, bankruptcy is a cooperative effort. y