In the event that there is more debt than there is money and assets, the best course of action is to file for bankruptcy. At the sound of it the word is already looming with so much impending doom. But filing for this case can save the day.
Knowing what to kind of bankruptcy case to file depends on the situation surrounding the debtor. Many firms offer initial consultation to help asses what is happening. Bankruptcy attorney Monterey have firms that offer the initial consultation for free.
Yes hiring a lawyer may sound counter intuitive since that would involve money, which is the root issue, but this will assure a smooth flow of the processes involved. With limited finances it is important that the client gets what they pay for. There are three types that a client could file for. Chapter 7 for liquidation, chapter 13 for personal reorganization and the rarely offered chapter 11 for reorganization involving corporations or partnerships.
Liquidation falls under chapter 7 and personal reorganization for chapter 13. Chapter 11 covers reorganization but for partnerships and corporations. Most of the basic things covered with a flat service fee should already include the main steps of filing for bankruptcy up to meeting with the credit company representative.
To identify a true expert, it is important not to consider price as the telling factor. A firm that offers so many fields of service at the same time could mean that this agency has not mastered the service needed. The number of years an attorney has been in the field is not a good enough gauge for this. It is better to inquire the percentage of how much this particular lawyer takes this type of case and how many bankruptcy cases they have filed.
A run through the mil agency is something one wants to avoid at all costs. These firms are more on making money that helping clients. When a firm handles too many clients all at once, means that they probably do not take a look at the details of the cases which making the whole process in a way, automated. Check with the local bar association for recommendations of good firms that do not rip off their clients.
When the attorney fails to show up for initial consultation, that can be warning sign. It grows worse, when paralegals are left to handle paper work and still no lawyer in sight. The worst case is to only have the lawyer present when meeting the credit representative. This tells anyone that there was no proper examination and consultation for the given case.
There is no reason to be shy about setting up appointments with attorneys that offer free and in person consultation. This will help find a lawyer that is comfortable to deal with and help handle a relatively emotionally situation. During this appointment the attorney will also be able to identify if they can help or not.
There is a lot of research involved in hiring the right people to help with cases like these. The right legal help can be the thin line between getting deeper in debt or starting fresh and recovering from the fall. The goal for filing these cases after all is to be free of debt.
Get an overview of the benefits of consulting an experienced bankruptcy attorney Monterey area and more information about a knowledgeable lawyer at http://centralcoastbankruptcy.com now.