Why you need a bankruptcy law practice
If you're thinking about declaring bankruptcy, you probably have enough on your mind. However, you need to pay particular attention to choosing a good lawyer to help you through the process. With a new and more complex bankruptcy code in the books, trying to file bankruptcy without legal assistance is not really an option.
It's important to realize that not just any general law practice will do, however. You really should look for a bankruptcy law practice that specializes in understanding the new bankruptcy code.
The new bankruptcy law is so complex that even lawyers have a difficult time keeping up with it. I say "keeping up with it" because the law is actually still evolving. There are many provisions in the law which are unclear, and judges will have to sort this out in the coming years.
With this in mind, you can see how important it is to seek the counsel of the bankruptcy lawyer who works hard to stay on top of the latest developments in the field. It should be abundantly clear by now than going through bankruptcy without the help of a lawyer is not an option.
Also, a lawyer who specializes in bankruptcy will be better able to understand the specific details of your case instead of giving you generic advice.
Also, remember that each bankruptcy case will bring its own challenges and unique circumstances. A good bankruptcy lawyer will listen and want to find out as much as possible about your particular situation.
You may actually want to pay a lawyer his hourly rate during the first consultation in exchange for an honest opinion. If the first appointment is free, the lawyer is more likely to persuade you that bankruptcy is the best course for you (since that is the only way he gets paid).
The bottom line is that you should not avoid going to a bankruptcy lawyer in order to save money. If your bankruptcy case is successful, you'll have significant debt relief and will be able to pay your lawyer fees (especially if some sort of payment plan is arranged).
It's important to realize that not just any general law practice will do, however. You really should look for a bankruptcy law practice that specializes in understanding the new bankruptcy code.
The new bankruptcy law is so complex that even lawyers have a difficult time keeping up with it. I say "keeping up with it" because the law is actually still evolving. There are many provisions in the law which are unclear, and judges will have to sort this out in the coming years.
With this in mind, you can see how important it is to seek the counsel of the bankruptcy lawyer who works hard to stay on top of the latest developments in the field. It should be abundantly clear by now than going through bankruptcy without the help of a lawyer is not an option.
Also, a lawyer who specializes in bankruptcy will be better able to understand the specific details of your case instead of giving you generic advice.
Also, remember that each bankruptcy case will bring its own challenges and unique circumstances. A good bankruptcy lawyer will listen and want to find out as much as possible about your particular situation.
You may actually want to pay a lawyer his hourly rate during the first consultation in exchange for an honest opinion. If the first appointment is free, the lawyer is more likely to persuade you that bankruptcy is the best course for you (since that is the only way he gets paid).
The bottom line is that you should not avoid going to a bankruptcy lawyer in order to save money. If your bankruptcy case is successful, you'll have significant debt relief and will be able to pay your lawyer fees (especially if some sort of payment plan is arranged).
About the Author:
Don't let the fear of your debt take over your life. Get the facts about bankruptcy and learn how to get control of your debt. To learn more about the differences among the types of bankruptcy visit us at http://personalbankruptcyquestions.org
posted by Credit Counseling at
10:21 AM
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