Richard M. Weaver Bankruptcy Attorney- A Summary

When a person is in a financial mess and is unable to meet his debts, then he may need the services of a bankruptcy lawyer. Richard M. Weaver Bankruptcy Attorney is one of the authority sites on this topic. In the United States, the Bankruptcy Law, which is a federal statutory law, governs bankruptcy. It is, therefore, important that the bankrupt person selects the right bankruptcy attorney. Here are a few tips on how to go about selecting a bankruptcy attorney:

  1. Reputation & Experience: Bankruptcy proceedings have an impact on a person’s future and it would be well worth it that a bankrupt person ensures that the attorney he’s selecting is well experienced and reputed, so that his future financial life is uncomplicated. Reputed and experienced bankruptcy attorneys have an enviable success track record and they would have set many a bankrupt person’s financial life on track. These are the lawyers to choose because not only do they understand the finer points of the Bankruptcy Law, they also know the local laws, Trustee’s requirements, and how to reconcile the proceedings with the creditors’ lawyers.
  2. Size: While choosing a bankruptcy lawyer, size does matter and a bankrupt person must always appoint an attorney who works for a medium-big-sized law firm. This is because one-man show law firms may not be available in times of need, and if that happens, the bankrupt person will be at his wits’ end.
  3. Comfort level: The bankrupt person must feel comfortable with his bankruptcy attorney. A level of comfort does not mean sharing vibes – it goes far beyond that. A bankrupt person must be able to rely on and trust his attorney. Plus, he must develop a feeling of respect for him because the attorney will take him through a very difficult point in his life. If a bankruptcy attorney does not inspire a client to respect or trust him, then the client must move to another attorney.
  4. Interaction: The attorney must be an open person and must answer his client’s questions and clear doubts, if any. He must explain the bankruptcy procedure threadbare to the client and advise him about all the pros and cons, and make sure that the client understands the entire process.
  5. Plan of Action: The attorney must formulate a plan of action and inform the client about the best and the worst possible scenarios, along with the pitfalls or bonuses on the way. This is important because the client’s future is always at stake in any bankruptcy proceedings and the client must select an attorney who is capable of devising a sound plan and helping the client restore his creditworthiness.
  6. Fees: The initial consultation with an attorney should typically come free. If the attorney charges for the initial consultation, then the client may lose out just in case he is not impressed or does not strike a rapport with the lawyer after the first consultation. Before the attorney is appointed, the client must ensure that his fees are reasonable and that the attorney is flexible enough to devise a fee payment plan depending on the progress of the bankruptcy proceedings.
  7. Options: A good bankruptcy attorney will work with you to thoroughly investigate all other options that may be available to you so that you do not need to file bankruptcy. Bankruptcy is a huge step, and should be avoided if there are options.

Why You Should Hire An Experienced Chapter 13 Bankruptcy Attorney

Chapter 13 bankruptcy is often used when homeowners who are behind on their mortgage are unable to refinance or sell their home. Chapter 13 Bankruptcy protects your right to discharge your debts. Chapter 13 protects the discharge of all obligations and provides for a new start in living. Chapter 13 Bankruptcy can be filed by the homeowner or a bankruptcy attorney on their behalf. Chapter 13 Bankruptcy Attorney near me is one of the authority sites on this topic.

Homeowners who wish to file chapter 13 bankruptcy will most likely wish to also file for Chapter 8 which protects your right to redeem and repurchase your home if you are in danger of losing it due to foreclosure. Chapter 8 bankruptcy protects your right to redeem by allowing you to pay off your remaining debts to avoid foreclosure. Chapter 13 Bankruptcy is used when you cannot repay your remaining debt after you have filed Chapter 8. Homeowners facing foreclosure and are unable to come up with the necessary funds to save their home should seek a home equity loan or another type of loan with an appropriate interest rate.

For assistance regarding filing Chapter 13, contact a reputable chapter 13 bankruptcy attorney. Although this type of bankruptcy stays filed for life, it is not a procedure that the average individual undergoes. A qualified attorney should explain the process to you in layman’s terms. The attorney also should provide you with financial situation advice.