Once you are in a state of insolvency, you will realize that you are now in legal proceedings that will require you to hire the services of a good lawyer. You have the choice of filing for bankruptcy on your own or you could wait for your creditors to sue you.
Filing for bankruptcy or facing court charges after your creditors have sued you, calls for the engagement of an experienced attorney who will represent you in court and help you through the proceedings. In addition, he or she will be the one to handle all correspondence with your creditors.
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All this is not done for free. Different attorneys will charge you different fees, anything ranging from $1,000-$2,000. You can negotiate with them till you come to an agreement on how much you can afford to pay. This, you will agree with me, is a lot of money to part with. Thus, you need to do your own research and be clear about what the bankruptcy attorney is supposed to do for you.
He should be your adviser as well as your representative in court. He should be in a position to explain to you all there is that you need to know about insolvency, assist you in filling in the required forms and even try to get some of your debts canceled if possible. This way, you will not feel as though you are moving from one bad situation to another and you will get value for your money.
Is Bankruptcy Right For You? Talk to Bankruptcy Attorneys Free and Confidential. Licensed bankruptcy attorneys are available. Attorneys will call you to discuss your case for free. Find out if bankruptcy is right for your situation.
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