Filing for bankruptcy can be a complicated and stressful process, and if you make certain bankruptcy blunders, you have a high chance of having your case rejected by the court. It is important to find a good bankruptcy lawyer with experience in the field, to give yourself the best chances of success. Here are a few things to look for in a bankruptcy lawyer.
There are some complicated things to deal with when filing for bankruptcy, including determining what bankruptcy exemptions are available to you. These bankruptcy exemptions are a good way to keep possession over some of your property and assets. Your lawyer should understand these processes well, and be able to guide you through them to maximize your gains, so make sure you inquire about his or her history with bankruptcy cases.
If you are looking at eliminating tax debt or attempting to do so, find a lawyer who has specific experience dealing with back taxes as a part of bankruptcy. In most cases, eliminating tax debt is not something that can be done strictly through filing for bankruptcy, but your attorney should be able to work a Chapter 13 filing to your advantage, to reduce some of the interest and or penalties associated with your debt.
Many bankruptcy attorneys offer potential clients an opportunity to meet and consult, which will give you a chance to talk to your possible lawyer and find out what he or she can do for you. You should go into this meeting with all of the relevant information, including your debts, assets, income, and other financial paperwork.
Find a lawyer who comes highly recommended by family and friends who have gone through filing bankruptcy, if you can. A personal recommendation is a good way to get started, and you will know that that particular lawyer has helped someone through the court process in the past.
If you are among the growing number of U.S. consumers who are on the brink of bankruptcy, doing your homework to research several different lawyers can help you make a more informed decision and find a good bankruptcy attorney. For more information, contact our office today.