Most bankruptcy lawyers charge by the hour. And since there are many legal hoops to jump through, this can turn into quite a hefty bill. If you file for chapter 7 bankruptcy, which is often referred to as straight bankruptcy (reorganization for chapter 11 and chapter 13 is more complex), you might need to pay a few hundred to several thousand dollars in monthly installments depending on how much money your creditors are owed, how secured or unsecured your claims are, and what exemptions are available for your state. bankruptcy lawyer
Most bankruptcy lawyers charge by the hour. This means that they will look at the estimated time it will take them to complete your bankruptcy, the costs they expect to incur while working on your case, and then charge you an hourly fee. This can be a good option if you have only a few unpaid bills that you need to wipe out while also making a clean financial start.
This is probably one of the most important decisions you make. This can also be VERY expensive for you. What if there were attorneys who didn’t charge by the hour, but instead determined their fees based on the outcome of your case? In other words, what if they wanted to earn money only when they have recovered financially? If this is something that interests you, I recommend looking into attorneys who charge by contingency.
Bankruptcy lawyers may also have a free consultation
The perception of bankruptcy is that it is costly. While it can be expensive if you try to do it without a lawyer and end up having to hire one anyway, bankruptcy lawyers may also have a free consultation and some do not charge any fees at all.
If you are drowning under a huge mountain of bills and unable to clear your debt and you’re thinking of filing for bankruptcy then it is imperative that you seek the services of a qualified bankruptcy attorney in Atlanta.
A bankruptcy lawyer’s experience helps determine
Some bankruptcy lawyers tout their experience as an attorney, and some call themselves “Probate and Trust lawyers” when they are actually an attorney. How can you tell a good bankruptcy lawyer from a bad one? What is the qualification of your bankruptcy lawyer? These are questions that you need to ask yourself when seeking legal representation. bankruptcy lawyers
Not all bankruptcy lawyers are the same. If you think your bankruptcy will be “quick and easy,” you need to think again. It’s true that some bankruptcy cases do proceed quickly and smoothly but bankruptcy is complicated—especially if you’re dealing with a lot of debt, sizeable assets, or limited income.
Would you put a lawyer who never practiced on your legal team? Of course not, right? It’s the same with bankruptcy law. A lawyer who has never worked on Chapter 7 or Chapter 13 cases cannot be considered an expert in the field. Attorney Bill Amato has tried over 300 bankruptcy cases and successfully completed countless other cases for clients.
Are you looking for the best bankruptcy lawyer in the area? This is a question that many people ask themselves when they are going through financial troubles and looking for answers. A local bankruptcy lawyer can help you with all of your questions, whether it be about your debt, what legal options you have to protect yourself from creditors, or even help with ideas if you want to start over.