Whenever you require legal services, it is important you search for the best attorney to guide and advise you. Since there are many great lawyers in every major city, be sure to compare them to identify the most suitable attorney to handle your case. Obviously, there are many key factors to look into during the search for a suitable attorney. Be sure to take your time to consider those factors before you decide to hire any bankruptcy lawyer in Santa Cruz.
Bankruptcy attorneys usually specialize in advising, guiding and representing clients who have a lot of bad debts. They are specialists in the field, so you can expect to get competent legal counsel from them when you are facing a serious debt problem. As you commence your search, you need to create a shortlist of the top-rated attorneys and compare them.
Experience is something that you should always consider before hiring any professional. Experienced professionals usually offer quality services as they know how best to resolve debt problems through this legal option. The years of experience and number of cases an attorney has previously handled should both be checked when comparing the experiences of different attorneys.
When you become bankrupt, your credit report will show that you are a bankrupt consumer. Therefore, any lender, car rental company, property management company or potential employer will learn about your financial predicament when they run a credit check on you. This means that you will not be able to get a better job, rent a car or house, or even access affordable credit for several years once you become bankrupt.
The legal fees charged by different attorneys must be compared. This is because you are searching for an affordable attorney charging a reasonable fee for their services. By requesting quotes and comparing them, you should be in a position to find the best attorney for your legal and financial needs.
There are numerous bankruptcy chapters that can be used to resolve your debt problem. The first is chapter 13, which is meant to restructure debts owed by individual consumers. The equivalent chapter for businesses is chapter 11. Businesses and individuals who do not have a reliable income cannot qualify for these options. The only resolve for them is to be declared bankrupt under chapter 7, which comes with liquidation of assets.
Bankruptcies have pros and cons that consumers should be aware of. For this reason, it is recommended you spend a little bit of time learning about the pros and cons before committing yourself. While you may succeed in having your debts written off, your credit report will be tainted.
Among the things your attorney can help you with during the case is filling of the necessary forms. Your attorney will also explain to you all the legal jargon to ensure you understand the process. In case of a chapter 11 or 13, the attorney will help you draft a repayment plan to suit your needs and offer legal representation where necessary. As you can see, they are incredibly helpful.