When despite your best efforts, you fail to manage your finances, you end up putting your family at immense risk. Creditors looking for their dues back can end up harassing your family and your loved ones. This can cause you sleepless nights and constant fights with your spouse. Instead of letting things go beyond repair, it is time you took control of your life and hired specialists to help you through this crisis. You need an experienced bankruptcy lawyer in Fairhope, Alabama to help you with debt consolidation or bankruptcy filing to get rid of your debts.
Investigating personal bankruptcy lawyers in Fairhope, Alabama is important
Bankruptcy is more common than you feared. Thus, there is a possibility that someone you know might have filed for it. Before investigating all bankruptcy attorneys in Fairhope, Alabama, it would be sensible to ask your family and friends for any references. This way, you will get a head start with some tried and tested names that can be verified using the internet. You can easily check the qualification, client reviews, and testimonials for the results obtained by these lawyers.
Another source of finding a good bankruptcy lawyer is asking any legal representative (DUI or tax lawyer) you had previously hired for referrals. Though they might not be experienced in bankruptcy laws, they can recommend you someone who is. The US bar association list can also help you find lawyers in Fairhope, Alabama with their area of specialization and ZIP codes to find one near you.
Learn to differentiate between chapter 7 and chapter 13
For people filing for personal bankruptcy, the options are:
- Chapter 7 – In this case, you do not have to pay any money for clearing your debts. However, some of your non-exempt property might be liquidated.
- Chapter 13 – This is also known as Wage Earner’s Plan and involves a repayment plan based on your disposable income. Your bankruptcy lawyer will draft a plan for Fairhope, Alabama bankruptcy court’s approval to repay your creditors.
How much does bankruptcy in Fairhope, Alabama cost?
Charges for bankruptcy filing are not the same everywhere. You will be surprised to know that it can vary depending on the court, city, and state you file in. Moreover, the lawyer charges a different amount for a Chapter 7 or Chapter 13 case. If the case involves repossession or foreclosure, you need to pay additional charges. You need to keep approximately $2000 in case of a Chapter 13 case. Apart from this, you are also required to pay for court and counselling charges.
Be prepared for the discovery meeting
It is time to have your first consultation with the attorney. Usually, the preliminary meeting is free of cost. This is what you should do during your discovery meeting:
- Know your rights as a consumer and do not be bogged down into hiring them.
- Have a questionnaire prepared to get a better understanding of bankruptcy laws and the lawyer’s knowledge of it.
- Find out who will be handling your case on a daily basis. If it is the paralegals, know their name, phone number, and qualification, apart from their knowledge of bankruptcy laws and your case.
- Find out the anticipated call return time as well as how long you would have to wait for an appointment.
Get a brief idea about how the lawyer will proceed with your case.
If you are satisfied with the discovery meeting and feel comfortable with the lawyer, sign the contract, else meet the next lawyer on your list.
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