Once you’ve resolved to file for bankruptcy, it’s time to find the right attorney for the job. If you want to accomplish your financial goals, you shouldn’t trust just anyone with the task. Filing for bankruptcy is a lengthy process, with lots of paperwork, time sensitive deadlines, and a list of requirements to meet, so you need to find an attorney who knows what they’re doing. We’ve gathered a list of important attributes to consider as you’re looking for the right fit.
Has the Know-how
The most important characteristic in a bankruptcy attorney is that he or she is able to get the job done right. This means your attorney needs to have enough experience with bankruptcy cases to be able to anticipate and overcome any challenges that may come along. It’s best to use an attorney who practices bankruptcy law on a regular basis, and maybe even one who specializes in it. The rules and guidelines surrounding bankruptcy vary between districts, and between trustees as well, so your attorney needs to be familiar with local law and with local trustees.
Budget Friendly
Fees vary widely between bankruptcy attorneys, especially for Chapter 7 cases. Even in Chapter 13 cases, where the fees are regulated, there will be a big difference in how much attorneys charge up front, before filing. Most people who are filing for bankruptcy have limited cash flow, so you’re probably looking for the least expensive lawyer possible. In the case of attorneys, less is not always more, so shop around for an attorney based on criteria that meet your legal needs, and then find one who falls into your budget parameters as well. Many of the least expensive attorneys end up costing the most because they don’t have the time or experience to help you avoid costly traps.
On the Ball
One way to tell right away if your attorney is going to be the best choice for your case is if he or she responds to your questions and communications within a timely manner. If an attorney can’t give you his undivided attention during the early phases of your case, he won’t be much help when things get more complicated later on. Find an attorney who returns your calls promptly, who is happy to answer your questions, and who includes you in the decision making process for your case.
Flexible
Along with expertise regarding bankruptcy law, your attorney needs to have some flexibility to be able to meet your specific needs. If your case is out of the ordinary, your attorney should be able to bring you alternate suggestions and workable solutions.
One of the best ways to find an attorney who meets all these needs is to ask around among others you know who have filed for bankruptcy. Attorneys, especially creditor attorneys, can make good recommendations.