Top 4 Tips on How to Choose the Right Bankruptcy Attorney

bankruptcy attorney

Are you considering filing bankruptcy?

If you’re faced with a mountain of debt and have no way to pay off what you owe, bankruptcy can be a welcomed solution to endless financial burdens.

In 2017, almost 800,000 people filed for bankruptcy in the U.S., down 28% from filings the year before, according to the United States Courts website.

When dealing with major life stressors, it helps to know that you aren’t alone. And, the truth is there are millions of people who have filed bankruptcy.

Find out how to choose the right bankruptcy attorney for you here!

4 Need-to-Know Tips for Choosing the Right Bankruptcy Attorney

While not recommended for every situation, there are times when bankruptcy is the most logical move. And, it might not carry as hefty consequences on your credit as you think. In fact, many people are able to begin rebuilding credit within the first few years of filing.

Before you attempt to file for bankruptcy, check out these tips. They will help make sure that you get the right representation to lay your financial past to rest for good.

1. Don’t Pay Any Unusually High Payments Prior to Filing

It may seem like the right thing to do to pay off as many creditors as you can prior to filing bankruptcy. But, this can actually hurt you in the long run.

If you make one creditor a large-sum payment, the others that you owe can claim you showed “preferential treatment”. This can cause problems after you file.

2. Don’t Take On New Debt

Once it hits you that you are going to get out from underneath the debt that’s been weighing on you for so long, you may be tempted to make one last mega-purchase.

Don’t do it.

If it appears that you are trying to take advantage of the system, you could be accused of fraud.

3. Collect Detailed, Accurate Information

Prior to filing, you should try to collect as much information as possible regarding who you owe and how much you owe them.

Don’t leave any stone unturned. Write down every creditor, past due bill, and debt that you can think of. Leaving off any important info could mean that you miss out on getting the most out of your decision to file.

4. Hire an Attorney

Although it might seem like you shouldn’t spend money to retain an attorney at a time like this, that couldn’t be further from the truth.

An experienced, local bankruptcy lawyer is an essential need to help you navigate and understand the court system.

You will need an attorney to advise you, guide you, and help you negotiate the best agreement possible that gives you the greatest peace of mind. Plus, obtaining representation can help you to feel confident in the courtroom.

Get Help Filing Bankruptcy Now!

If you’re looking to make a fresh financial start by filing bankruptcy, you don’t have to do it alone.

We’re here to help find the bankruptcy attorney that’s right for you.

Contact us today for a list of professional, highly-qualified lawyers in your area!

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