If the time has come for you to file for bankruptcy, selecting the right attorney can have positive or unintended effects on the course of your future. Although it cannot be guaranteed, doing your homework regarding not only finding the right attorney but also educating yourself on the bankruptcy laws and what to expect as a result of filing can increase the likelihood of a favorable outcome.
Prior to locating an attorney, you should first understand what will occur when you file for bankruptcy, as well as what bankruptcy entails. Insolvency is the legal declaration of an individual or organization's inability or impairment to pay its creditors.
The definition of business insolvency is somewhat more specific. When it is time to file, this impairment or incapacity must be addressed. Although the process of filing for bankruptcy is not particularly complicated, dealing with the procedures and follow-ups can be burdensome if you lack experience with the legal system.
In this situation, having the right counsel can make the ordeal more bearable by taking care of the details. The website of the ABA of the state in which the lawyer is licensed is one of the best places to locate an attorney.
This will ensure that the lawyer is permitted to practice law in that state at the time you checked his or her license. While this may seem unnecessary to some, the fact that there are lawyers who practice law without a license should encourage you to take the time to determine whether they are legitimate. After completing this step, you can find out how skilled the attorney you're about to employ is by contacting consumer groups that rate attorneys in various categories. Different states have different organizations that provide this service.
The consumer bankruptcy attorney's job is to protect your interests by preventing creditors from harassing you after the petition has been filed, ensuring exempted assets, such as retirement funds and personal items, remain your property, and providing you with all the information you need about the state's rules regarding bankruptcy in your state.
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