Why you should choose 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.
You see, the bankruptcy reform law that was passed in 2005 has many tedious details, and even lawyers have complained about having difficulty understanding it. In addition, the law will continue to evolve as the courts have a chance to rule on how the law applies to various situations.
That's why a general lawyer will probably not be able to keep up with all the developments in the bankruptcy law. Moreover, any lay person trying to go through bankruptcy without legal help is probably asking for trouble.
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.
Make sure the lawyer is able and willing to study your case in detail. Every bankruptcy case is different, and you need to know whether bankruptcy is best for you. Try to find the best bankruptcy lawyers possible.
If you're not sure if bankruptcy is right for you, you will want to speak to a bankruptcy lawyer to help you decide which course of action to take. However, be careful to make sure that the lawyer is not simply giving a sales pitch on behalf of bankruptcy. Some lawyers will give you a free consultation in the hopes of making money by having you declare bankruptcy with their help.
You may be worried about the cost of legal fees, but the costs of going through the process without the help of a lawyer can be much greater. Keep in mind that a successful bankruptcy case will wipe out your debt (or reorganize it depending on which kind of bankruptcy you apply for). This should help you take care of your legal fees if your case is successful.
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.
You see, the bankruptcy reform law that was passed in 2005 has many tedious details, and even lawyers have complained about having difficulty understanding it. In addition, the law will continue to evolve as the courts have a chance to rule on how the law applies to various situations.
That's why a general lawyer will probably not be able to keep up with all the developments in the bankruptcy law. Moreover, any lay person trying to go through bankruptcy without legal help is probably asking for trouble.
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.
Make sure the lawyer is able and willing to study your case in detail. Every bankruptcy case is different, and you need to know whether bankruptcy is best for you. Try to find the best bankruptcy lawyers possible.
If you're not sure if bankruptcy is right for you, you will want to speak to a bankruptcy lawyer to help you decide which course of action to take. However, be careful to make sure that the lawyer is not simply giving a sales pitch on behalf of bankruptcy. Some lawyers will give you a free consultation in the hopes of making money by having you declare bankruptcy with their help.
You may be worried about the cost of legal fees, but the costs of going through the process without the help of a lawyer can be much greater. Keep in mind that a successful bankruptcy case will wipe out your debt (or reorganize it depending on which kind of bankruptcy you apply for). This should help you take care of your legal fees if your case is successful.
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 ways to avoid bankruptcy visit us at http://personalbankruptcyquestions.org
posted by Debt Consolidation Loan at
7:52 AM
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