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Your family could be ruined because of monitory problems. Money troubles have torn apart several families and caused immense psychological damage to people. In case you have been getting harassing calls from creditors due to unpaid dues, are constantly at loggerheads with your spouse, and worried about losing your home car or property due to repossession or foreclosure, you need to consult specialists. Prescott Valley, Arizona has several bankruptcy lawyers who can help you get rid of your debts easily.
Investigate bankruptcy law firms in Prescott Valley, Arizona before hiring them
Many choices can confuse you, thus it is always recommended to look for referrals when it comes to hiring bankruptcy attorneys. Since bankruptcy filing is more common than you think, you can ask your family, friends, or contacts if they have ever hired any lawyer for debt consolidation or bankruptcy filing. There is a chance that you might be provided with a list of references for insolvency lawyers. However, before asking for referrals it is important that you mentioned you are looking for someone who specializes in handling repossession or foreclosure cases. If you have ever hired the services of any other attorney in the past, you could also ask them for a bankruptcy lawyer referral. Additionally, the US Bar Association list can turn up the names of bankruptcy lawyers along with their ZIP codes. Do not forget to check for client reviews and testimonials either online or offline.
Different personal insolvency chapters
Individuals filing for bankruptcy have the option of choosing between Chapter 7 or chapter 13. The former is known as liquidation bankruptcy as it involves liquidation of non-exempt property. Apart from that, you do not have to pay anything else to get your debts discharged. Chapter 13 involves a repayment plan through which your creditors are paid over a period of 3 to 5 years. Your lawyer develops this plan based on your disposable income and it is enforced after approval from the bankruptcy court.
What will filing for bankruptcy cost me?
Bankruptcy filing costs! You need to pay for the mandatory counseling sessions, court fees as well as the lawyer who handles your bankruptcy proceedings. The fees vary and depend on several factors including the state, city, court, and bankruptcy chapter you qualify for. Therefore, it is important that you ask for as many quotations as possible for a case like yours from all the shortlisted law firms to know which of them are within your budget. Generally, a chapter 13 bankruptcy case may cost you around $2000 in attorney fees.
Preparing for a discovery meeting
Most law firms offer a complimentary discovery meeting which is an excellent opportunity to find out whether the reviews you received from your peers are true or not. You can use this meeting to find out about the bankruptcy laws and its various chapters. Moreover, you can also find out whether the lawyers are properly qualified, trustworthy, and sensitive to handle your problems.
You need to keep in mind that they might try to side-track you or skirt certain issues. However, it is important that you get an answer to all your questions. Ensure that you find out more about the paralegals as they might be handling major portions of your case as well as other people in the law office who you might be in regular contact with. Despite the free initial consultation, you are under no obligation to hire the lawyers unless you are satisfied with the meeting.
Call (888-297-6203) to hire experienced bankruptcy lawyers of Dallas law firm.