Bankruptcy Attorney – Making Bankruptcy Filing Smooth

law is taught to all students attending law schools but not all bankruptcy
lawyers are able to handle bankruptcy cases given their complex nature. As per
research, more than 14000 businesses filed for bankruptcy in the year 2021. You
may think that filing for bankruptcy offers relief from debt but it is not easy
to navigate through the legal process. You need to have a bankruptcy lawyer on
your side. But before going further, let us understand what bankruptcy is. 

bankruptcy lawyer

is bankruptcy – meaning and definition

Merriam-Webster dictionary defines bankruptcy as the condition of being
bankrupt. It is essential to understand the meaning of bankruptcy.

bankrupt is a debtor that may be an individual or organization whose property
is subject to treatment under bankruptcy law to recover the debt of creditors.

is a bankruptcy lawyer

bankruptcy lawyer is a type of lawyer or attorney who specializes in providing
legal support to clients filing for bankruptcy. Such a lawyer prepares the
legal documentation and appears for the client in court.

Besides facilitating you on filing bankruptcy,
the attorney guides the client on several aspects of bankruptcy that including
file/not-to-file, types of bankruptcy to file and educating on the process.
They also guide you on the various forms.

Types of Bankruptcy

can be divided into two major types. Here we define these types briefly.

7 Bankruptcy

is the most common form of bankruptcy. In this bankruptcy type, there is a
provision for the liquidation of assets to pay creditors. And it is why it is
called Straight or Liquidation Bankruptcy. This bankruptcy is ideally suited
for businesses that are not able to pay monthly debts and wish to sell assets
for cash.

13 Bankruptcy

13 bankruptcy is applicable to wage earners, self-employed, and
single-ownership businesses. And it is why it is also called the wage earners
plan. In this type of bankruptcy, the court gives you a period of 3 to 5 years
to pay off your debt.

can a bankruptcy lawyer do for you?

proceedings require a series of meetings with creditors. These meetings will be
convened by a court-appointed trustee. Here, your creditors and their attorney
will ask a series of questions to know about your financial status and why are
you filing a bankruptcy claim.

having an attorney on your side, you can rest assured that you are protected
and that your meetings have been completed well.

you navigate through the legal process

US bankruptcy law is highly complex and you need an experienced attorney to
navigate through it. Every bankruptcy situation is different and has its own
legal requirements. Besides, every court has its own set of rules that should
be understood for maximum effectiveness.

experienced lawyer will guide you on how to negotiate this complex process
related to law and tilt the scale in your favor.

you deal with the paperwork

for bankruptcy requires you to complete complex paperwork. Every chapter has
its own form which is different from other. 
Any negligence at this stage may lead to the dismissal of your case. No
doubt, you won’t be taking chance. Different forms are used for defining
property, income and expenses.

to the complex nature of paperwork, people make sure that there is a
knowledgeable bankruptcy lawyer on their side.

Collecting records

bankruptcy requires the submission of a number of records collecting them is a
herculean task.  Collecting such records
require a good understanding of bankruptcy law. You can’t do it on your own. On
the other hand, a bankruptcy lawyer is adept at doing it. These efforts will
help avoid 204(a) examination – a detailed examination of your financial

your money

who file for bankruptcy are already in a bad financial condition and it is not
a surprise that they try to file for bankruptcy on their own. But it is not a
good decision. Filing on your own may not fulfill the desired purpose as you
don’t know the process. An expert lawyer will make it easy and smooth for you.
So, hiring one is worth it. His services will help you get the best out of your

Helps you get the most out of your situations

you file for bankruptcy, you are required to attend bankruptcy meetings that
are actually creditors’ meetings.  These
meetings are presided over by the trustees assigned by the court. In these
meetings, the creditors and their attorneys want to know about your financial
situation. At times these questions could be tough and complicated. Here a
bankruptcy lawyer on your side will help you sail through these situations. His
guidance will help you safeguard your rights.

track of discharge and recovery

of the prime responsibilities of bankruptcy lawyers is to keep track of
discharge and recovery. He is the one to make sure that all discharges and
follow-ups have been completed successfully. You may be intriguing what
discharge is here. In simple words, discharge means you are freed from debt
liabilities as the bankruptcy proceeding concludes. On the other hand, recovery
is the process of finding the causes behind bankruptcy and what should you do
to avoid such circumstances in the future.

important advice

other things, hiring a bankruptcy lawyer would ensure that you are never short
of good advice.  As he has performed the
process several times and knows the rules and regulations his guidance and
support will help you make valuable decisions.

to find a good bankruptcy lawyer

with bankruptcy cases requires expertise, experience and hard work and not all
lawyers are ideally suited for the job. You must go for a lawyer who can help
you navigate through the process. Here is how to find an ideal bankruptcy

should be the preference

is a diverse subject that encompasses various topics. And not every lawyer is
experienced in bankruptcy law. The laws regarding bankruptcies are complex and you
should give preference to a lawyer who is proficient in the finer nuances of
the law.

some of your acquaintances have filed for bankruptcy in the past then they can
better guide you on bankruptcy lawyers.

for referrals

shy away from doing your own research while hiring a bankruptcy lawyer. Ask
your friends, acquaintances, or someone who has ever filed for bankruptcy.
These people have better ideas about the quality of bankruptcy lawyers in the
vicinity. Why make mistakes if there is someone to guide you?

are some attorneys who offer free legal advice. Such attorneys may introduce
you to a good bankruptcy lawyer.

can also consult your local bar association which can help you with the numbers
of some good bankruptcy lawyers. 


can also do online research if you want to know more and more bankruptcy
lawyers. There are several online directories like google and yelp that gives
you a listing of the best bankruptcy lawyers. To find them you just have to
type bankruptcy lawyers near me and you will be served with various options.

search engines, you can also search them on social media where bankruptcy
lawyers have made their profiles.

can also visit the website of the National Association of Consumer BankruptcyAttorneys (NACBA) where you can find the list of qualified bankruptcy lawyers
have been given.

lawyers cost more

term cheap and best is an oxymorons. Don’t buy it. Hiring a good lawyer cost
more. You should not settle for an incompetent lawyer even if it comes to a
pittance. We understand that you are going through a rough phase but any
compromise here would further worsen your situation. So, our advice is to
always go for the best and not ruin your prospect by going for a cheap bankruptcy
lawyer who might prove incompetent.

substitute for experience

is important but there is no substitute for experience. Always go for a
bankruptcy lawyer who has spent several years in business. ask your lawyers for
how many years he has been handling bankruptcy cases and with what success.
Based on this discussion you should make up your mind.


you have shortlisted some attorneys it is time to conduct a personal
interview.  A personal interview lets you
know more about your prospective lawyer and some questions. Here is what to ask
your bankruptcy lawyers on your first meeting.

  • Ask
    him about the costs
  • Would
    I lose my assets?
  • Pros
    and cons of filing a bankruptcy.
  • How
    many bankruptcy cases he has handled?
  • What
    information do they need from your side?
  • Who
    will represent me in court?
  • Would
    I be able to hold a credit card?
  • How
    would it impact my credit score?
  • What
    if my bankruptcy is not approved?
  • Also,
    ask about their mode of communication and how fast they return your call.
  • How
    experienced is he with the paperwork?
  • Knowledge
    of local law

having a good knowledge of bankruptcy laws, he should also have knowledge of
the local law of the court. The procedures at one court differ from that of
another and a lawyer who understands it finds himself at ease. Their knowledge
of local law can tilt the scale in your favor to a small extent.

he give personal attention?

are several lawyers and law firms handling bankruptcy cases. But most of them
have an overload of work and they fail to provide personalized attention to
your case.  Always prefer an attorney or
a law firm that offers personalized attention to your case.

comfort level

working with a bankruptcy lawyer, you should also check your comfort level with
him. There are times when you are not comfortable working with a particular
lawyer. So, if there are some comfort issues between you and the lawyer it is
better to look for some other bankruptcy lawyer.

and reviews

and reviews are the most common ways to know about service and your bankruptcy
lawyer is no exception. There are several portals where you can find candid
reviews of lawyers. If they have a social media handle that should also be
checked. You should know your prospective lawyer well before hiring him.

asked questions

Information a bankruptcy lawyer will need on the first consultation?

you are visiting a bankruptcy lawyer for the first time, you should have
certain documents ready. The list is as follows.

  • The
    list of creditors
  • Document
    for the amount to be paid
  • Complete
    list of assets
  • Your
    monthly expenses 

I file for bankruptcy without a lawyer?

you can by following recommended procedures.

are the positive and negative sides of hiring a bankruptcy lawyer?

are positive and negative sides to filing bankruptcy on your own without a

paying any fee is among the major pros.

it comes to cons, there are a few. As you are not aware of the process, you
might make mistakes filling out several forms. Any mistake at this stage may
bring losses. As you have not attended creditors’ meetings before, not having a
bankruptcy lawyer on your side might affect your preparations for the meeting.

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