Bankruptcy is one of the most complicated financial problems one can possibly go through. Unless you have no other choice, never ever think about declaring bankruptcy. Take note that the moment you declare bankruptcy all of your hard-earned assets will be forcibly seized and used as payment to your creditors. That is why, before even having the thought of declaring bankruptcy, try to explore all possible remedies to pay your creditors and escape the financial crisis. There are many methods such as; debt restructuring; getting another loan; selling some of your assets; mergers, and much more. As long you wrack your brain off and get a little bit of luck, then you will surely be able to avoid bankruptcy. However, if worse comes to worst and you do have to declare bankruptcy eventually, getting a good bankruptcy attorney can at least help you get the best deal out of your assets. This attorney will be the one to assist you with the necessary paperwork, documentation and represent you in your litigations. Thus, it is very important that you get yourself a good bankruptcy attorney. And with that being said, here are 5 tips to finding a good bankruptcy lawyer.
- Hire specialists from small firms
The last thing you want to do when facing bankruptcy is to spend more. You would want to get the best out of your very limited budget, right? Thus, hiring the services of a specialist from a small law firm would be your best choice. Yes, famous and big firms can definitely provide you with the expertise and experience with their large pool of capable attorneys with their staffs of paralegals and clerks. However, getting a big firm to represent your will surely cost a lot of money which will make things harder for you. What you can instead to find specialists from smaller firms that are cheaper but can also provide top-notch service.
- Accreditation and Certificate
Each state in the USA has their own bar and lawyer associations. A lawyer needs to be certified and approved by each state in order to practice in their jurisdiction. There are many ways to verify if the attorney you are going to hire is qualified in the state you are in. You can easily search them through an online site, Law Bamba – http://www.lawbamba.com/. You can just easily type the name of the attorney and check if they are licensed and accredited in your state.
- Referrals from friends
Try to ask some of your friends if they know or is acquainted with a good bankruptcy lawyer. The better if you have friends in the legal industry as they can search through their extensive network for the best lawyer then know. Plus, with their referral and their friendship, you can even most likely get a discount on the fees.
A good bankruptcy lawyer is one that asks for your opinion. Even if they know their way around, listening to what the client wants is still a very important thing to do. Remember that the attorney will be representing your thoughts in a legal manner. That is why a good communication line must be established. Even if you aren’t familiar with the procedures and guidelines, a good attorney will always take their time in explaining to you the consequences.
- Updated with the latest guidelines
Laws and statutes from time to time are amended or even replaced with better laws. Thus, a good lawyer must be up to date with the latest changes and revisions in the law. You can easily spot this from the way they talk and recommendations they tell you. They should be able to at least mention cases that are very recent and is similar with your current predicament. In the end, it is still you who is the main subject of the bankruptcy, thus it wouldn’t hurt for you to read and learn some of the most recent revisions to the law. And from there, you would easily be able to judge the potential lawyer on his knowledge on the latest changes in the law.