Filing for bankruptcy is one the toughest decisions a person can consider in a lifetime. However, when you finally decide to do away with your debts and start a fresh financial life, it is important that you make informed choices. Choosing an attorney to handle your application process is hence very important. When looking for a chapter 7 bankruptcy attorney Georgia residents should observe the following factors.
Chapter 7 is the most popular type of bankruptcy filed. In this model nonexempt assets are sold by a trustee and the proceeds advanced to creditors. After a successful filing, creditors will not be allowed to collect funds from you. After all these assets have been liquidated and creditors paid, you will be able to start a fresh financial life without any fear. However, there are certain debts, such as criminal fines and student loans which cannot be discharged with this model.
However, there are debts that cannot be discharged under this chapter. These include child support and alimony, criminal fines such as those for drunk driving, purchases made recently involving substantial amounts and debts which were incurred through fraudulent dealings and wrongdoing. Your trustee will carefully check if there are nonexempt assets that can be sold to the benefit of unsecured creditors.
Searching for a prospective attorney should not be difficult, considering their numbers in the industry today. However, a good part of finding the right lawyer is knowing what to look for and getting basic information about the process. Consider asking for recommendations from friends and family who have been through a similar process before. Ask them to give reasons why they think that lawyer will be of good help to you.
Experience should be the next thing you check. You want an Atlanta GA legal professional who has been in the industry for a good number of years and has successfully handled similar cases before. Ensure you ask which types of cases the attorney has handled and how many of these were successful. If the lawyer has only handled tons of chapter 13 bankruptcies, he might not be the best choice for you.
Experience in the industry is another serious consideration. You need to know how long the individual has been in the industry and how many similar cases he or she has handled successfully. An experienced lawyer will ensure that all necessary information is documented during preparation of a petition. However, the success of an application cannot only be determined by the number of years an attorney has been practicing, rather through his effectiveness and competence.
The cost of services is another concern. During such times, it is expected that you do not have a lot of money to pay the attorney. It is hence very important that you take time and compare rates of a number of lawyers so you know who charges reasonably. However, this does not necessarily mean that you settle for the cheapest lawyer you find.
Filing for bankruptcy requires a lot of paper work and constant communication with your lawyer. It is hence very important that you make the right choice of this professional. Some of the factors you need to consider include area of specialization, experience levels, cost of representation and reputation in the industry.
Chapter 7 is the most popular type of bankruptcy filed. In this model nonexempt assets are sold by a trustee and the proceeds advanced to creditors. After a successful filing, creditors will not be allowed to collect funds from you. After all these assets have been liquidated and creditors paid, you will be able to start a fresh financial life without any fear. However, there are certain debts, such as criminal fines and student loans which cannot be discharged with this model.
However, there are debts that cannot be discharged under this chapter. These include child support and alimony, criminal fines such as those for drunk driving, purchases made recently involving substantial amounts and debts which were incurred through fraudulent dealings and wrongdoing. Your trustee will carefully check if there are nonexempt assets that can be sold to the benefit of unsecured creditors.
Searching for a prospective attorney should not be difficult, considering their numbers in the industry today. However, a good part of finding the right lawyer is knowing what to look for and getting basic information about the process. Consider asking for recommendations from friends and family who have been through a similar process before. Ask them to give reasons why they think that lawyer will be of good help to you.
Experience should be the next thing you check. You want an Atlanta GA legal professional who has been in the industry for a good number of years and has successfully handled similar cases before. Ensure you ask which types of cases the attorney has handled and how many of these were successful. If the lawyer has only handled tons of chapter 13 bankruptcies, he might not be the best choice for you.
Experience in the industry is another serious consideration. You need to know how long the individual has been in the industry and how many similar cases he or she has handled successfully. An experienced lawyer will ensure that all necessary information is documented during preparation of a petition. However, the success of an application cannot only be determined by the number of years an attorney has been practicing, rather through his effectiveness and competence.
The cost of services is another concern. During such times, it is expected that you do not have a lot of money to pay the attorney. It is hence very important that you take time and compare rates of a number of lawyers so you know who charges reasonably. However, this does not necessarily mean that you settle for the cheapest lawyer you find.
Filing for bankruptcy requires a lot of paper work and constant communication with your lawyer. It is hence very important that you make the right choice of this professional. Some of the factors you need to consider include area of specialization, experience levels, cost of representation and reputation in the industry.
About the Author:
You can visit www.holstonandhuntley.net for more helpful information about How To Select The Best Chapter 7 Bankruptcy Attorney Georgia.