Bankruptcy is one of the most important decisions you will ever make. Filing for bankruptcy is not like getting a new car or taking out a new mortgage. It is difficult and you will spend many months trying to work through the bankruptcy process and win approval from the bankruptcy court. Your first step in filing for bankruptcy is picking a qualified bankruptcy attorney. There are many different types of bankruptcy lawyers and picking the right one for your bankruptcy issues is very important.
The most important aspect of hiring a bankruptcy attorney is finding someone who knows how to handle your specific financial situation. There are many bankruptcy attorneys out there that do not deal with your specific financial problems. You need to find someone who understands what you are going through and has been through it themselves. Bankruptcy protects you from having your credit ruined. But simply filing for bankruptcy by yourself without the help of an attorney can have negative repercussions. For instance, perhaps you consider yourself too rich to file bankruptcy, when in reality, you could be bankrupt!
With so many bankruptcy attorneys out there, you need to find the one who best fits your needs. Ask friends and relatives that bankruptcy attorneys they used. Pay them a visit and ask them for their opinions. If you can find a bankruptcy attorney who has worked on bankruptcy cases in the past that you are familiar with, you can ask about his or her experience. From talking to a bankruptcy attorney, you will learn important information about their experience, whether they win/lose the majority of cases, what the fees are, and whether they are truly competent with financial law.
Once you’ve selected a few bankruptcy attorneys to interview, ask them about the most common issues concerning bankruptcy and debt consolidation. What are the biggest problems that you have experienced in your life? Have you had problems with credit card debt, tax debts, student loans, medical bills, etc? Most lawyers will try to steer you away from these types of problems by telling you that they can’t solve such problems because they don’t know the right questions to ask.
Your bankruptcy attorney should be able to answer all of these questions. And if they can’t, they probably aren’t the ones to hire! The best thing you can do is to start shopping around for a good financial lawyer, not a good bankruptcy attorney.
While you may think that you need to file bankruptcy immediately, you may be wrong. First, your financial future is at stake here – you don’t want to risk losing years of hard work to save a few thousand dollars. Second, you need to have an honest and open conversation with your bankruptcy lawyer before you make any final decision on consolidating debt. If you do this, you will be more likely to get the financial help that you need in order to avoid financial ruin in the future. Click here to learn more about bankruptcy law in Florida.