Having stress is expected if you are having constant quarrels with your spouse due to financial problems. The inability to pay your mortgage and other debts might result in loss of a home, car, or other property due to foreclosure or repossession. This can give you sleep deprived nights. To cope up with the stress of your liabilities you need the assistance of financial experts. Bankruptcy law firms in El Mirage, Arizona that specialize in debt consolidation and bankruptcy can come to your aid in this case.
Researching local insolvency law firms is important
Since you are trying to find out local attorneys with a history of verified successful performance with respect to consumer bankruptcy cases, it is important that you scour through the local directories. The US bar association list can turn up the names of bankruptcy lawyers working in El Mirage, Arizona along with their ZIP codes. Apart from this, you can also ask your family, friends, associates, and other contacts such as your friend’s divorce attorney for a bankruptcy lawyer referral. This exercise will provide you with several names whose performance and experience can be easily verified either online or offline through client reviews and testimonials.
Differentiating between various personal insolvency chapters
Personal bankruptcy can be filed by individuals under chapter 7 or chapter 13. In the case of the former, the filer does not have to pay back any cash owed. Though, some of the non-exempt properties might be sold to settle some debts. In the latter case, your lawyer will develop a payment plan based on your spare income which will be submitted to the court. Once approved, you end up paying your creditors through these installments.
Cost of bankruptcy in El Mirage, Arizona
It is important that you ask for the quotes from the shortlisted law firms for a case like yours. Since there is no fixed fee, you should not settle for the first quote you are asked. The charges vary according to the chapter of bankruptcy you qualify for, the court in which you file the case as well as the city and state you file your bankruptcy in. Moreover, debt consolidation and bankruptcy have different charges too. On an average, a chapter 13 bankruptcy might cost you $2000 in attorney charges. If you cannot afford to pay them in one go, you can ask for it to be included in your repayment plan. Apart from the lawyer’s fee, you also need to pay for court and counseling charges.
Finalizing bankruptcy lawyer
Your initial meeting with the lawyer is free of cost. Based on your interaction with the lawyer during this meeting, you can decide whether you wish to hire them or not. However, be sure that you are under no obligation to hire them just because of the discovery meeting. Since you have already shortlisted lawyers based on the initial evaluation, good performance, personal recommendations, and their cost, knowing whether they are the right person to represent you are important.
Having a list of questions to address all your doubts can be helpful. Try to get answers to all the questions on the list. During this meeting, getting the correct answers is not the only thing, but whether you are comfortable with the answers and the way they were answered is also important. Since you might end up spending a lot of time together, it is important that you are comfortable with the lawyer. If you are satisfied, you can sign the contract.
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