Adoption 101: The Legal Fundamentals

Ask These Three Questions When You're Hiring A Bankruptcy Attorney

25 January 2016

Brayden Miles

If you find yourself among the more than one million Americans forced to declare bankruptcy each year, you don't have to go through this challenging time alone. A good bankruptcy attorney on your side will not only provide financial guidance along the way, but can also offer some reassuring words and share stories about how other people in your situation came through this situation unscathed. You might choose to meet with a couple bankruptcy attorneys to help you decide which person has the right expertise and right personality to help you. In each interview, asking the following three questions can help you pick the best attorney.

Is There Anything That Will Impact My Ability To Declare Bankruptcy?

On the surface, declaring bankruptcy doesn't seem favorable. However, for many people, it can help them get through a seemingly impossible time and prepare to start over. Once you've explained the specifics of your situation to the attorney, asking if there are concerns is a good way to open a discussion that reveals how well the attorney understands bankruptcy law. For example, he or she might ask if you've recently given a high-value possession to a family member, knowing that doing so is a common way for people to avoid having their assets taken -- with the understanding that the family member will give you the item back at a later date.

Are There Any Reasons That I Shouldn't File For Bankruptcy?

Just as there can be advantages to declaring bankruptcy, there are also a number of drawbacks. These can include changes to your credit rating and difficulty buying a home in the future. Upon explaining the state of your finances, asking the attorney if he or she can think of a reason that you shouldn't go down this road is advantageous. Based on training and experience, the attorney will be able to see the case from a different perspective than you and can often suggest that you might be able to avoid the repercussions of bankruptcy by adopting a specific financial strategy.

How Long Will All This Take To Be Over?

Going through bankruptcy proceedings can be exhausting and emotionally taxing. Although each step along the way is important, you're likely looking forward to everything being resolved. Once the attorney has a clear picture of your situation, ask how long the process will take. He or she will be able to give you a fairly accurate assessment based on dealing with previous clients in similar situations to you.

For a bankruptcy attorney, click this link http://www.experiencedoregonattorney.com or do an online search. 

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