Do you know how to find a Bankruptcy Law Firm? If you have been filed a bankruptcy in the court of law and you are looking for an expert to help you out, then read this article. We will discuss the ways on how you can find a Bankruptcy Law Firm easily. So, just take a look at the following tips.
Firstly, you need to understand that bankruptcy attorneys have many ways to get paid their monthly fees. If you belong to the group of unsecured creditors, then you can hire debtors’ bankruptcy attorneys to represent you in the court of law without charging any fees out of your pocket. On the other hand, secured creditors (the lenders who own secured loans with the borrowers) cannot do this. The reason behind this is that they are financially dependent on the borrowers. They want their money back, that’s why they allow the borrowers to retain the services of debtors’ bankruptcy attorneys. Visit bankruptcy lawyer Phoenix AZ to understand what chances you have.
The second thing is that secured creditors cannot file for chapter 7 bankruptcy unless the case is heard by the bankruptcy court. In this case, it becomes difficult for the creditor to ask for the repayment of his/her loans to the loan providers. This is why most of them prefer to go for the debt settlement option. If the debtor files for chapter 7 bankruptcy, then the creditor is no longer obliged to pay any fees to the bankruptcy attorney. Thus, most of them prefer to go for this method to avoid the extra expenses and stress of facing the creditors for the payment of their legal fees.
Thirdly, there are some debtors who simply don’t wish to seek help of attorneys. This is because they think filing for bankruptcy is an easy process. They don’t want to wait for months before they hear from the bankruptcy law firm. For such people, they can hire any company that deals with the processing of bankruptcy cases. However, consumers should be very careful when hiring a service provider.
There are a lot of fake companies that are operating just to take advantage of people’s desperate situation. They charge very low fees and do not give much legal advice. Most of them don’t even have any experience in handling the bankruptcy cases. These companies prey on the debtors who don’t know that filing for bankruptcy is a legal solution for their financial problems. The best way to avoid such companies is to choose a debt relief network that is affiliated with several reputable and experienced attorneys.
The attorney hired by a creditor committee will represent the debtor at the hearings of the bankruptcy court. Therefore, it is very important for the debtor to choose the attorney who is backed by the creditor committee. If you find yourself in such a situation, then you can easily contact a reliable and trustworthy consumer credit counseling service. You can ask them to provide you with a list of attorneys that handle bankruptcy cases in your area.