It’s really not easy to make up your mind in favor of bankruptcy filing. You fear that it will bring a blot on your credit report, financial future, and social status. But sometimes, it is a great way and might be the only way to loosen the tight and tiresome grip of burdensome debts. But coming with it is a long and daunting procedure of filling up bankruptcy forms.
This is the scenario where a Toledo bankruptcy lawyer seems to be the only boat amidst notoriously surging wave of calamities and uncertainties that are all set to drown your financial existence. The lawyer guards you against all types of odds throughout the bankruptcy filing process and even beyond that.
We’re now going to outline some most common types of legal services to be expected from your bankruptcy attorney.
Not all bankruptcy cases carry a signature of ‘NOTORIOUSLYCOMPLICATED’ but none of them is ‘EASY’ either. However, an experienced bankruptcy attorney has the required skill set to deal with your case more easily, effectively, and efficiently.
Complexities of your bankruptcy case are subject to the followings:
- Facts of your case
- Whether you go with Chapter 7 or Chapter 13 bankruptcy filing
- Whether it’s an asset or ‘no-asset’ bankruptcy case
- If you are a small business owner
- Involvement of bankruptcy litigation
The best way to make sure that the lawyer can serve your purpose is to ask how many clients he or she has successfully represented in a similar situation.
Sound Legal Guideline
The retainer agreement refers to a written contract carrying the signature of you and your bankruptcy attorney. The agreement is an open dossier about the kinds of services your lawyer will provide. A good attorney makes his or her level best to guide you with the most competent advice from start to finish of bankruptcy procedures.
The first thing he or she will do is to assess if a bankruptcy filing is the only or the best option in your case. If yes, you should try to understand:
- Chapter 7, Chapter 13, or another type – what will work towards achieving your financial goals?
- What kind of expectations do you have from your bankruptcy process?
- Does your bankruptcy case involve any particular risks or difficulties?
A good attorney is always ready to clear the clouded mind of his or her clients. Get in touch with the lawyer over the phone and via emails and expect to get quick responses from his or her end.
Bankruptcy filing takes you through a lengthy process of filling up a packet of forms. All eminent bankruptcy lawyers use specialized software to prepare required paperwork for bankruptcy filing with the court.
You might be required to submit additional documents or forms with the court. All these can be presented to the trustee as well. Your lawyer will pay attention to speedy and accurate form filling so that the deadline day for the bankruptcy filing is not missed. If that happens, it may lead to:
- Delayed process
- Dismissal of your bankruptcy case
- Other negative consequences
That is why it’s your bankruptcy lawyer’s responsibility to know the bankruptcy rules and filing procedures in your state.
Finally, expect your attorney to represent you during court hearings.
Elizabeth is a renowned leader in the space of Health and Mental Wellness topics. Her work has appeared on more than a dozen influential sites and blogs. Her articles both focus on providing valuable information and an entertaining read that her readers enjoy. More about her work on – ELIZABETHMARKS.me