Filing for bankruptcy can be an emotional and complicated time, and there are many steps that the average person may be unaware of. Here are some tips for selecting a bankruptcy lawyer who can guide you through the process and help with the intricacies of your financial situation.
Do Your Research
Since filing for bankruptcy requires disclosing personal financial information, you want to ensure that you hire a Rockville bankruptcy lawyer that you feel comfortable with and that you can trust. Ask around for recommendations from friends and family, but also do internet research to get some honest reviews from people who have actually worked with the lawyers you are considering.
Ensure Bankruptcy is Their Specialty
Bankruptcy laws are complicated, so it’s imperative that you choose someone who has experience with these types of situations. If they have not handled many similar cases, or haven’t dealt with bankruptcy recently, you may want to steer clear. The laws change constantly, so someone who specializes in this type of law and handles similar cases frequently is most likely to be knowledgeable about the most current information.
Understand Their Fee Structure
Before you hire anyone, ensure that you fully understand what is included in their fees so you do not end up paying more than you can afford. Attorney fees can be based on many variables, such as the type of bankruptcy you file for, what state you’re filing in and the complexity of your case. Typically, you can expect to pay $500 to $3,500 for a Chapter 7 bankruptcy and $2,500 to $6,000 for a Chapter 13 bankruptcy.
Making the choice to file for bankruptcy is never easy. When looking for assistance, do your homework to ensure that your attorney is the most qualified for your situation and is someone who you feel comfortable working with.