Can Bankruptcy Stop Collections?

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Getting into debt is a reality many people face. Too many times, people find themselves stuck with too many payments and not enough income to cover them.

When faced with an endless barrage of collections calls and nasty letters, you may feel like there is no getting out. Fortunately, there are some remedies you can take to help set you on the path to financial freedom. A bankruptcy maryland lawyer may be able to give you options about restructuring your debt under the bankruptcy laws. While the thought of filing for bankruptcy is scary, understand how it can stop collections and start you out fresh.

Not All Bankruptcy Is Equal

Individuals faced with bankruptcy have two filing choices. Chapter 7 liquidates assets and unloads larger debts, wiping the slate clean. A Chapter 13 filing restructures debt to pay them down. Making a choice between the two may come down to personal preference and long-term goals.

Chapter 7

In Chapter 7, a trustee goes through your debts and assets. The debts are put in a line from secured, like mortgages, to unsecured, like credit cards. Once your assets are calculated, creditors have the chance to meet with the trustee and plead their case for payoff or seizure of collateral. You can choose to cut the collateral loose and dismiss some debts. Others will be paid out of your assets, which the trustee facilitates. At the end of the bankruptcy period, what remains is discharged.

Chapter 13

If you want to keep some of your secured debt, like a house or car, you may want to go the route of Chapter 13. This is a payment plan that you enter into with creditors. The trustee helps coordinate the arrangement. Going this way eliminates some or all of your debt in five years. You may not pay everything, but paying some helps your credit report bounce back quicker.

Bankruptcy attorneys can better assist you with the proper filing for your situation. Consulting one sooner rather than later may save you from the harassment of collectors.

Fort Walton Beach Real Estate Lawyers

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When doing real estate transactions, many people seek guidance from their agent or broker. However, there are deals that are complicated or risky. When this is the case, it’s only wise to consult a real estate attorney. Many people think it is unnecessary to involve a real estate lawyer in simple cases like a sale of a single-family home, but that is misleading. Whether you are selling your home, a residential investor, or a homeowner facing foreclosure, you can benefit from a real estate attorney.

Not every attorney is worthy of your choice and you need to ask a few questions before you settle on a particular one.

How Long Have They Been Practicing?

Law is about experience, the more cases you handle as a lawyer on a particular issue, the more you become well acquainted with handling similar cases. Therefore, it is important to find out how much real-life legal experience the person has. If you need help on a simple matter like a sale agreement, you need to get a lawyer with a minimum of three years’ experience. However, for cases related to real estate development or something complex, you may need to get somebody with eight to fifteen years’ experience. It’s also important to ask about the experts schooling, like whether they went to an accredited law school. You can also check from the ABA’s website, which contains a list of bar association approved law schools. Again, you may not need a very experienced attorney if the issue is not complicated, most of those with a wealth of experience are expensive and may not be necessary.

Would the Lawyer Handle Your Case?

It’s always a good idea to ask an attorney how they wish to approach your case and represent you. This will tell you how knowledgeable they are in matters of real estate law. For a lawyer who is incompetent, you will hear them giving generalizations like, “Don’t worry, I’ll take care of everything” or other ambiguous statements. Take time and get someone whose competence is without question. A seasoned attorney will give you a rough idea of all that is required like properly filling out certain documents.

How Will You be Billed?

A fee schedule provided in advance by the attorney will help avoid surprises in the future.  Some will charge you on an hourly basis, or a per-case basis.  The most important thing is to discuss with the lawyer on the possibilities of reducing the charges to an affordable figure. Do not assume anything, seek information on every detail and avoid verbal agreements.

Who Else Will Work on Your Case?

Some law firms have a tendency of handing off the initial work to a paralegal or junior lawyer. Find out whom you will be dealing with and ensure that you are comfortable with them. You need someone you can have a relationship with, a practitioner who you can interface with as they work on your case.  Therefore, ask the law firm to assign you a real estate attorney with a reputable background. View more for a real estate attorney you can trust.

Real estate matters are quite complicated, and you need a legal expert with experience in the field.

How To Compare Law Firms To Find The Best

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When you are in need of a lawyer, you want to find the best one for the job. It can be difficult because there are so many law firms and attorneys to choose from. These days, you could be lucky enough to know someone you trust that could refer you to a reliable lawyer of workmans comp Oregon, such as the one found at However, if you are tasked with comparing different lawyers on your own, below are some tips to use and find the best one for your situation.

Look At Reviews

A lot of people fail to spend adequate time looking at reviews from current and previous clients of law firms before they hire them. This could be a very costly mistake on your part. Depending on the severity of your case, the right lawyer could make or break the outcome for you. If you value a good outcome, you shouldn’t take finding a good lawyer lightly.

Set Up Consultation

Most reputable lawyers will allow free consultations with future clients. This is a good sign that they are not desperate for clients and are confident in their work. Try to meet with a few different lawyers to discuss your case before you settle on one. Be sure to ask any questions you have about their knowledge on your case matter, their fees and experience.

Review Background Information

Like stated before, it is important to find out a lawyer’s experience in the area of law your case pertains to. Not all lawyers specialize in the same types of cases. If you are looking for a workers’ compensation lawyer, find one that has years of experience working on these types of cases. They will have a much better chance of getting you what you rightly deserve.

There are many ways to find a good lawyer for your workers’ compensation case. However, the right one will make a huge difference in getting you what you want out of your claim. Find a lawyer you can work well with and can communicate effectively with throughout the process.