- The legal representative must be well qualified, experienced, and must have experience in handling bankruptcy cases.
- Determine if you are comfortable sharing sensitive information relevant to the filing.
- What are the costs involved from the first filing to the final discharge?
- Compare legal services online, do not just settle with the first listed representative.
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Filing for bankruptcy? Make sure you have good representation
Bankruptcy refers to the inability to repay outstanding debts by a business or a person. In such cases, a bankruptcy petition is filed by the person who owes the money (debtor). Generally, a portion of the assets owned by the debtor is then sold to pay off outstanding debts. However, filing for bankruptcy indicates that the concerned party is in no position to pay off debts and needs a fresh start to stabilize financials.
The federal court will issue a discharge order that will validate the proceeding to waive off an outstanding debt. After a discharge, no creditor will be in a position to recover their debt, as the debtor is absolved of all personal liability. A bankruptcy lawyer is more than qualified to handle the proceedings to ensure a positive verdict and a fair claim made on behalf of the client.
You must consider the following points before hiring a bankruptcy lawyer:
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