Constant fights with your better half due to monetary problems can cause a dent in your married life. Not only will you end up losing your home and vehicle to creditors, but your marriage might also succumb under the constant strain of mounting debts. What you need in this bleak hour of personal crisis is not a divorce attorney, but the professional assistance of a personal bankruptcy lawyer in Opelika, Alabama.
Do your research before approaching local bankruptcy law firms in Opelika, Alabama
You need to shortlist specialist bankruptcy attorneys who have previously demonstrated their prowess in handling foreclosure and repossession cases. Doing a background check through testimonials and client reviews online is essential. However, before approaching a stranger to help you in your financial problems, it is important that you ask your family and friends if they have ever required the services of a bankruptcy attorney. In case they have, make sure to ask them how their experience was with respect to the lawyer’s behavior as well as the outcome of the case.
Regional Opelika bankruptcy attorney will be more capable of handling the case as laws differ from state to state. If you have previously hired the services of a divorce attorney, and you trust their judgment, you could ask them for a referral for bankruptcy attorney. US bar Association list can also help you narrow down your search for Opelika bankruptcy attorney by providing their names along with the ZIP code.
Difference between Chapter 7 and Chapter 13 bankruptcy
Individual filers have the option of filing bankruptcy papers under Chapter 7 or chapter 13. The major difference between these 2 chapters is qualification criteria and how the bankruptcy is discharged. Chapter 7 is meant for those people with any income below the state average. They do not have to pay any money to get their debts discharged. However, their non-exempt property might be liquidated, and the proceeds handed over to the creditors. Chapter 13, on the other hand, is meant for regular wage earners. Their disposable income is used to repay the creditors through a repayment plan developed by their attorney.
Cost of bankruptcy in Opelika
The cost of filing for bankruptcy varies in different states, counties, and courts. Even the bankruptcy attorneys charge varying amounts depending on the chapter of bankruptcy you are filing and the intricacies of your case. Thus, before hiring a bankruptcy attorney it is important to know whether you can afford them or not. This can be done by asking for quotes for a case like yours from all the shortlisted lawyers. Generally, lawyer fees can range around $2000 for a chapter 13 bankruptcy case. Apart from this,you also need to pay for court and counseling charges.
How to hire a bankruptcy attorney?
Once you have found out the lawyer’s fee, your list of attorneys must have been considerably reduced. It is now time to meet them in the discovery meeting which is generally free of cost. Thus, this is the perfect opportunity to get a better idea of what is in store for you during the coming months. Apart from professional accomplishments and excellent knowledge of bankruptcy laws, the lawyer must also be easy to talk to and make you comfortable enough to discuss personal finances and any doubts regarding the process. If you are satisfied with the discovery meeting, you can go ahead and sign the contract to begin your journey towards being debt-free.
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