If you are fighting with your spouse regularly and are unable to sleep properly at night, it is time to seek support. If you fear losing your vehicle house or other possessions due to foreclosure or repossession, you need to look for experienced bankruptcy lawyers in Peoria, Arizona. Since bankruptcy laws vary from state to state, it is important that you look for a local insolvency law firm that specializes in debt consolidation and bankruptcy filing. However, finding one can consume a lot of time, unless you have help.
Investigate bankruptcy lawyers before hiring them
You can start by asking your family, friends, neighbors, and other contacts for their referral for a bankruptcy attorney. There are chances that you might come across a few names who have been personally tried and tested. You need to ask for the individual’s experience in dealing with the attorney as well as the outcome of the case. You can also ask a lawyer you had consulted previously for bankruptcy lawyer reference. The US Bar Association list can provide you the names of bankruptcy attorneys along with their ZIP codes. Do not forget to cross-check either online or offline for the experience, result, client reviews, and testimonials.
Difference between Chapter 7 and Chapter 13
Individual bankruptcy filers have the option of filing under Chapter 7 or chapter 13. In the case of Chapter 7 you do not have to pay anything, however, some of your non-exempt property might be liquidated. In the case of chapter 13, a repayment plan is developed by your attorney for Peoria, Arizona bankruptcy court approval. once approved, your disposable income will be used to repay your creditors over a period of 3-5 years. You can know about the details during your preliminary meeting with the lawyer.
What will be the cost of bankruptcy in Peoria, Arizona?
Since there is no fixed cost of filing for bankruptcy, it is important that you get as many quotations as possible from the shortlisted law firms to know which of the lawyers you can afford. The lawyers charge varying amounts depending on the state, city, court, and chapter you are filing for bankruptcy in. Additionally, the fee increases if your case involves repossession or foreclosure. On an average, a chapter 13 bankruptcy may cost you around $2000 in attorney fees. Apart from this you also need to pay for court and counseling charges.
How to finalize bankruptcy attorney?
By now you must have shortlisted bankruptcy attorneys based on personal experience, knowledge of bankruptcy laws and its different chapters, positive client reviews, and affordability. It is now time to meet them in person to decide whether they are the best person to represent you in your bankruptcy case. This can be done by making use of the free of charge discovery meeting offered by most law firms. Having a list of questions to be addressed will make the process more fruitful.
Find out whether the lawyer has time to handle your case and offer you a sympathetic ear. Apart from the lawyer’s knowledge of bankruptcy laws, it is important that the paralegals are also aware of the difference between different bankruptcy chapters as they will be handling a major portion of your case. Thus, finding out the name and contact numbers of people who will be involved in your case is important. If all your questions are answered satisfactorily, you might ask for the contract to be drafted to hire the lawyer.
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