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Friday, June 19, 2009

Questions to Ask Your Bankruptcy Attorney

By David Williams

It?s not easy to decide to file for bankruptcy. By working with a knowledgeable bankruptcy attorney, though, you can make filing for bankruptcy at least a little less stressful.

But how do you find the right bankruptcy attorney for you? Simple: You have to ask each attorney whom you interview the right questions. It?s all part of doing your homework, and will help you find the ideal professional to guide you through the bankruptcy process.

Start by asking attorneys how much of their caseload is devoted to bankruptcy filings. This is an important question because bankruptcy laws change so frequently. An attorney who only handles a few bankruptcy cases a year may not be well-versed on the latest bankruptcy laws.

Not all bankruptcy attorneys will attend court hearings with their clients. You want to make sure that your attorney does. Even though most bankruptcy cases only require filers to attend one court hearing, it?s better to be at that hearing with your attorney rather than a paralegal.

You should also ask bankruptcy attorneys to look at your financial situation to determine if bankruptcy might not be the best option for you. Filing for bankruptcy is extremely damaging to your credit history. Perhaps a bankruptcy attorney will suggest a different course of action. Of course, for many people, filing for bankruptcy, despite its negative effects, is still the best choice.

Next, ask attorneys what information they?ll need from you to get started on your case. Don?t be surprised if attorneys ask for a lot of paperwork. Filing for bankruptcy isn?t easy, or simple. That?s why you need a bankruptcy attorney in the first place.

Next, make sure any bankruptcy attorney that you are considering working with uses a written fee agreement. This agreement will spell out exactly what the attorney will do and how much the attorney will charge. It?s a good way to avoid problems down the road, and is a must for reputable attorneys.

Only now should you ask bankruptcy attorneys what they charge. This may seem counter intuitive, especially for clients struggling through a bankruptcy filing. But bankruptcy attorneys are performing a valuable and complicated service for you. Price should not be the main consideration in selecting one.

But remember, cheaper is not always better. A bankruptcy attorney is handling one of the most important decisions you can make in your lifetime. Now is not the time to skimp. Cost is a consideration, yes, but it should not be the top consideration. - 23222

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