Hiring a Bankruptcy Lawyer

There are bankruptcy lawyers in Memphis, TN, ready to assist you with the bankruptcy process. Here are a few things to consider when hiring a bankruptcy lawyer.

Fees

If you have excess amounts of debt, then you probably have creditors closing in on you. This can leave a person feeling desperate and in a panic to hire professional help as soon as possible. Unfortunately, if you are in this situation, then the cost of a bankruptcy lawyer is a large aspect of who you will probably hire. It is important to not hire a lawyer based on advertising tactics or cheap fees. Keep in mind that you are probably going to get what you pay for. Selecting the right bankruptcy lawyer to handle your case can make the difference between a good or bad outcome for you. Fortunately, in the United States, most bankruptcy lawyers charge similar fees between $1,000-$3,000.

You want to make sure that your fees include: a consultation, preparation of the bankruptcy petition, reviewing the petition with you, lawyer attendance at the meeting of creditors (341 meeting), and follow-up with creditors, if needed. There are two types of bankruptcy, Chapter 7 and Chapter 13. In the case of a Chapter 13 bankruptcy, the lawyer fee should also include preparation of the reorganization plan and attendance at the confirmation hearing.    

Most bankruptcy lawyers will not give you fee estimates over the phone without considering the specifics of your case. If you call around for information and a lawyer gives you an estimate over the phone, be leery of hiring him or her. Each case ranges in price and the specifics of your case should be taken into consideration first.

Experience

Before hiring a bankruptcy lawyer, it is important to learn of his or her experience. Technically, any lawyer can file a bankruptcy for you. However, this does not mean that he or she is the most qualified to handle your case. Ask a lawyer how many bankruptcy cases he or she has handled and filed. Also, find out how much of a lawyer's practice constitutes bankruptcy and how much is in other areas. If you see an advertisement for a lawyer who handles everything from filing divorces to filing bankruptcies, then chances are he or she is not primarily focused on bankruptcy cases. Find someone with a limited practice, focusing mainly on clients filing for bankruptcy.

Although it is important to hire an experienced lawyer, you also don't want a law firm that will treat you like a number. If a law firm pushes hundreds of people through the bankruptcy process, there is a chance that their goal will be to hurry through the process as fast as possible. You want to avoid working with a lawyer who will cut corners and not take the specifics of your case into consideration. Check with your local bar association for recommendations on lawyers who specialize in bankruptcy.

If you are in financial distress, then bankruptcy lawyers in Memphis, TN, are prepared to help you. Contact a professional near you for a consultation.    

 

Source : articlesbase.com