When you’re facing bankruptcy, it can be a stressful and scary time in your life.
If you’ve never been in this situation before, the best thing you can do is choose an experienced bankruptcy lawyer to help.
You’ll also want to prepare some questions to help understand your situation. Are you not sure what you should be asking your bankruptcy lawyer?
Here are five questions to ask your bankruptcy lawyer.
1. When Should I File Bankruptcy?
Your lawyer can advise you when the best time to file for bankruptcy is. It’s often a good way to enjoy a fresh start and deal with financial troubles. But this is only when it’s done right.
2. What are the Costs involved in Bankruptcy?
Filing for bankruptcy will cost money. You’ll also have fees to pay your lawyer. Be sure to ask these details I’m advance so you can budget sensibly.
3. How Long Will My Case Take?
Everybody wants bankruptcy to be over and done with as quickly as possible. While a lawyer won’t be able to give you a definitive time period, they’ll be able to give you a rough idea how long your case will take. This can let you prepare for the process.
4. Should I Choose Chapter 7 or Chapter 13 Bankruptcy?
If you’re in a position where you want to keep property, perhaps Chapter 13 bankruptcy is the best option for you. With Chapter 7 bankruptcy, you’ll have to give up property to wipe your debt. To find out the best road to go down, discuss this with a lawyer.
5. Is Bankruptcy the right Option for me?
There are often other ways you can deal with your financial difficulties, such as negotiating with creditors. A bankruptcy lawyer can let you know what the best choice is for you.
What Should I Look for in a Bankruptcy Lawyer?
The best way to find a good bankruptcy lawyer is to enquire about their experience. You can ask about their track record when it comes to similar cases. You also want to choose somebody you feel comfortable talking to about your finances.