In this post, you will learn Bankruptcy Lawyer salary and 7 simple tips to use when searching for a reliable bankruptcy attorney near you.
Although filing for bankruptcy can bring some peace of mind, it also has some disadvantages such as bad credit report. “With Chapter 13 (reorganization), your bankruptcy will appear on your credit reports for seven years from the filing date (not the discharge date). With Chapter 7 (liquidation), the record will be kept for ten years from the filing date.”
Bankruptcy Lawyer Salary
As of today, May 26, 2020, the average Bankruptcy Lawyer salary in the United States is $83,202, according to Payscale.com A Bankruptcy Lawyer typically makes between $50k – $157k.
Bankruptcy Lawyer assists people or businesses struggling with debts they cannot pay in order to get their debts put on hold and creditors stop asking them for money. In short, Bankruptcy is a legal procedure initiated by an individual or entity who is unable to repay debts in order to seek relief from some or all of the debts.
That is, it is very important that you hire a bankruptcy attorney experienced in the bankruptcy process, having knowledge about the various types of bankruptcy, capable of preparing and filing the required documents with the court, and issues with your creditors.
7 Tips to Hire the Best Bankruptcy Layer Near You
If you don’t have a competent and reliable lawyer and on the market for one, kindly follow these steps to easily find the best bankruptcy lawyers near you.
- Ask Other Legal Practitioners
It’s important to seek advice from legal practitioners to enlighten you about bankruptcy laws. If you have a personal attorney, that’s a good place to start. If your personal attorney or any other lawyer chooses to handle the case, be sure he knows his way around bankruptcy laws and have experience in court proceedings.
- Assist A Bankruptcy Court Session
Spending a day or a few hours in a bankruptcy court to assist a real case will help you see a bankruptcy lawyer in action and have a better understanding of the process. This will help you know the kind of lawyers you want representing you. If you have time to assist many court sessions it can help you narrow your list to the most eloquent ones in your area.
- Visit Law Offices
Law office appraisals will help you with vital clues as to how your case should be handled by your lawyer. Pay close attention to details and the organization of the offices, and ask questions on things you don’t understand. If you like the office, you might as well like to hire a lawyer from that office.
- Ask Necessary Questions
Once you have selected a candidate, don’t hesitate to ask him all the necessary questions pertaining to your bankruptcy case. These questions will help you know if you can work with him or not.
Is he really willing to listen to what you have to say or pressuring you to sign the contract?
Is he too arrogant to let you finish talking?
You can ask questions like, how many bankruptcy cases have you handled? How many of them did you win? What makes you think or believe you can win mine?
- Avoid Sacrificing Quality for Cheapy
You are obviously low on cash at this moment but don’t let this make you hire an incompetent lawyer who will lead you to defeat, thus more problems in the long run. Although expensive does not mean better, In some cases, a competent lawyer usually costs more. If you really want to get out of your current situation in one piece, it is not wise to compromise the quality of lawyer you hire.
- Be aware of All Fees
Legal fees for a Chapter 7 bankruptcy range from $1,000 to $3,500 depending on the layer, client, locations and complexity of the case. For instance, some large firms charge more in order to cover the costs of advertising while others offer low fees and count on a higher volume of cases.
Find out what is and isn’t included in your lawyer’s fees. This will help know about any additional expenses you may have to handle in the future.
- Stay Involved
Once you hire your bankruptcy lawyer, don’t let him handle everything and make all the decisions on his own. Stay involved in the process; follow up every action pertaining to the case and double-check all filings. Staying involved will help proceedings go smoothly and keep your lawyer in check.
follow these simple tips and you will be able to hire the best bankruptcy lawyer near you and overcome your financial dilemma.
If you know other tips to hire a bankruptcy lawyer, kindly comment and share them with our readers.