Money has been a well-protected asset since the government first minted it in 1792. We have stepped up our precautionary measures over time. Now we have hiding places for our cash shoes, for our valuables fireproof safes and for our online banking security questions. While capital has always been covered, security precautions are particularly prevalent during the current economic downturn. We eat less, entertain in more, and wait for sales because we’re learning a dollar’s worth. Unfortunately, some of us have had to learn the hard way about the value of a dollar. We are burdened with debt and are constantly finding ourselves owing money for rent, running out of foodstuffs and having to pay off another loan. If you are in debt and consider making a fresh start by declaring bankruptcy, be sure that you are putting your financial future in the hands of those with these qualities. Get More Info
- Practice-This attribute can sound generic and simple, but when choosing a bankruptcy attorney it is especially necessary. The rule is always confusing, and always irritating. Combine it with the uncertainty and anger that comes with debt, and you will realize that there is a circumstance in which nobody wishes to be. Get out of this position by seeking a solicitor that has previously successfully got clients out of debt. You need a counsel who is not scared of your financial situation, who has worked with the worse effectively, and who is qualified to help you through the cycle of declaring bankruptcy.
- Great at Paperwork-Most of us don’t read the fine print and we don’t know what it means or how it impacts us when we do it. A competent bankruptcy attorney should know exactly what that means, exactly what to sign and clearly what to fill out. While each sector has its own terminology, there are few more complicated words than those relating to the law and finance. Get a lawyer who has reviewed the documents thousands of times, written your own documentation, and can shield you from being overburdened by a mass of terms that you don’t understand.
- Fair-While most judges and advocates don’t suit their cynical image, there are those who do. It’s essential that you be honest when dealing with the law. Therefore it is important to be frank with your counsel. You wouldn’t send a suspected fraud robber your social security number, so don’t fork over your financial affairs to a fraudulent bankruptcy lawyer. You need a prosecutor who will not only be honest with the rules but will be truthful with you as well. You need an attorney who will tell you honestly what your situation is, and what you stand to gain / lose with or without their representation.
- Great in Words— Experience has shown that language art is one that can make or break an arrangement, alter the decision of a court, and decide financial results. Choose one who can use the legal language and properly represent you by considering a bankruptcy attorney. Choose an attorney who can take your situation and present it in a way that will deliver the best possible outcome and get you to a fresh start.
- Up-to-date with Legislation-While the rule on bankruptcy hasn’t updated since 2005, there’s always a possibility the legislation will shift again. It is critical that your bankruptcy attorney is aware of the different insolvency schools of thought and the study behind that analysis. Awareness regarding current opinions and possible changes is a vital part of proper representation by customers. Make sure your lawyer continually conducts research, reads financial, legal, and business journals, and engages in discussions with those in their field.
- Familiar with all Bankruptcy Chapters-Because there are many options when filing for bankruptcy, it is important that your bankruptcy attorney is aware of the details of these chapters, is familiar with filing bankruptcy under different chapters, and is qualified to know which chapter to file your case under. The bankruptcy attorney should be able to guide you as to whether you are eligible to file under Chapter 7 or Chapter 13, and clarify the differences between the two.