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Anyone can have monetary problems if they have lost their jobs or had unexpected huge medical bills to take care of. Being under debt can cause you to be under immense pressure. The inability to pay off your debts can put your future in jeopardy, cause you to have sleepless nights and constant squabbling with your spouse. If you are worried about losing your home, car, or other possessions to foreclosure, you need to take a step back, relax, and let professionals take care of the issue. To get rid of your debts, you need to find an experienced San Luis, Arizona bankruptcy attorney.
A background research is important
With several bankruptcy attorneys working in San Luis, finding one to represent you can take a lot of time unless you have help. You could ask your family, friends, or acquaintances if they have ever hired the services of a bankruptcy attorney. You could check the credentials, experience, and results of these lawyers through the internet. Client reviews and testimonials can provide you an insight into the success ratio of these lawyers. You could also ask your friend’s experience with the lawyer and the results obtained. Alternately, you could also ask your friend’s divorce lawyer for bankruptcy lawyer references. The US Bar Association can also provide you the list of lawyers based on their area of expertise and ZIP codes.
Differentiating between insolvency chapters
Individual bankruptcy filers have the option of choosing between Chapter 7 and chapter 13. Chapter 7 is for people with little to no income. They do not have to pay anything to get their debts discharged; however, their non-exempt property can be liquidated. Chapter 13 is for people with a regular source of income. The lawyers develop a repayment plan for the bankruptcy court’s approval. The creditors are paid through this plan based on your disposable income. You can get to know more details during your discovery meeting with the lawyers.
Cost of the bankruptcy filing in San Luis Arizona
There are no fixed charges for a bankruptcy filing. Different lawyers charge different amounts, depending on the chapter of bankruptcy you qualify for and whether your case involves repossession or foreclosure. It is therefore important that you get as many quotes as possible from the shortlisted law firms for a case like yours. The charges also depend on which court, city, and state you are filing bankruptcy in. Generally, you need to keep around $2000 aside for a Chapter 13 bankruptcy. Apart from this, you also need to pay for court and therapy charges.
Handling discovery meeting efficiently
Once you have checked the references, experience, and affordability of the law firms, it is time you found out whether they are sensitive and discrete to your needs. This can be done by using the free of charge discovery meeting offered by most law firms. You can get answers to all your questions regarding the bankruptcy process. Having a list of queries prepared can be helpful for the meeting. However, it is important to keep in mind that though the lawyers are giving their time to you, you are under no obligation to hire them unless you are satisfied.
Since the majority of the background work will be done by paralegals, their knowledge about bankruptcy laws and your case is important. Find out the names and contact details of the person you will be dealing with, in the law firm. If you are comfortable with the lawyer and can trust them with your future, you can ask for the contract to be drawn.
Call (888-297-6203) to hire experienced bankruptcy lawyers of Los Angeles law firm.