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Before deciding whether to file for bankruptcy, it is important to realize that there are four different types of individuals and companies that can file. Your bankruptcy attorney will be able to help you determine whether you should file for Chapter 7, 11, 12, or 13. Chapters 7 and 13 are personal choices. On the other hand, Chapters 11 and 12 are for corporations and people involved in agribusiness.
The first step you will need to take in selecting a bankruptcy attorney is to search for attorneys in your area who practice in the appropriate chapter you are filing. There are some attorneys who focus on personal finance, while others may focus only on businesses. Some companies may do a mix of both. More general firms that practice different types of law are also an option. When it comes to filing on behalf of an individual, many companies choose to file Chapter 7. The least complicated way is to file Chapter 7 bankruptcy.
When choosing a bankruptcy attorney, it is best to look for someone with experience in the field. You want someone who knows what they are doing and is highly knowledgeable when it comes to organizing your finances. If you choose to go with an individual as opposed to a firm, it is best to ask if the attorney has a reference source to use in case you are unfamiliar with a particular part of your case. When selecting a firm, all members of the practice can work together if a problem arises. Firms are likely to have individuals who are knowledgeable in a wide variety of areas; Making all references in house. Remember, even the slightest mistake can lead to rejection of your case.
Find out if the person you select will be available to answer your questions. Find out how long return calls may take and what happens if your attorney is unavailable when needed. Are there any backup options? To move forward on the path to financial freedom, you need someone who is available.
Before making your decision, be sure to check references. Most companies will provide you with a list of clients they have worked with in the past. Make a few phone calls to see what others have to say before making your decision. When you’re not in a good financial position, asking friends and family for their advice may be the last thing you want to do. However, they may be able to provide you with a referral for a bankruptcy attorney.
Finding the person who is going to represent your case is not a decision that should be taken lightly. When it comes to your finances, experience and professionalism are of the utmost importance.
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