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Your family is your blessing and you would not want anything to happen to it. However, being short of cash can ruin this. Money problems can cause differences between you and your spouse, which can ruin the chances of your kid having a bright future as well as cause you to lose your home, car, or other property to repossession or foreclosure. Since any of this happening can cause you sleepless nights, it is vital that you find an expert to handle this situation. An experienced bankruptcy law firm in Bullhead City, Arizona can help resolve this issue.
Conduct personal research on local insolvency law firms in Bullhead City, Arizona
Since laws differ from state to state, it is important that you find a local bankruptcy lawyer for your debt problems. The lawyer must have a proven track record for positive results for their bankruptcy clients. You can use the internet to look for insolvency lawyers in Bullhead City, Arizona, or ask your family, friends, or other contacts including any previous lawyer you had hired for referrals. You could also look up the US bar association for bankruptcy attorney names along with their ZIP codes.
It will help if you list out all the requirements you need in your bankruptcy lawyer. If you fear repossession or foreclosure, you should look for someone who has handled similar cases in the past efficiently. The relationship with the lawyer is extremely important so do not forget to ask about it from your contacts.
What is the difference between different bankruptcy chapters?
Personal bankruptcy is generally filed under two chapters:
Chapter 7 – You generally do not have to pay anything under this chapter, however, some of your non-exempt property might be liquidated to pay off your creditors.
Chapter 13 – A repayment plan based on your disposable income is developed by your lawyer for the bankruptcy court’s approval. once approved, your creditors are paid through it.
You can know more details during your discovery meeting with the lawyers.
What will be the cost of a bankruptcy filing?
Once you have got the names of recommended lawyers, it is important to find out whether you can afford them or not. This can be done by asking lawyers in your area what they charge for debt consolidation or bankruptcy cases like yours. This cost varies on the bankruptcy chapter you are eligible for, the court, city, and state you file in. You need to put around $2000 for lawyer’s fee in a chapter 13 bankruptcy case. Apart from this, you also must pay for court and counseling costs.
Preliminary meeting with lawyers
Apart from technical knowledge and experience, the lawyer also needs to handle the clients sensitively. Thus, while you have shortlisted lawyers based on online evaluations, experience, and your budget, you need to meet them in person to decide whether you can trust them with your case. This can be done by using the free consultation meeting offered by most law firms in Bullhead City, Arizona.
Since information may come thick and fast, you need to stay focussed. Having a list of questions can be helpful in this situation. It is important to know that you are under no commitment to employ the lawyers based on the free initial assessment. Find out whether you can trust the lawyer with your family’s future and if you can hire them to be on the path of financial freedom.
Call (888-297-6203) to hire experienced bankruptcy lawyers of Dallas law firm.