The sad reality of going bankrupt and actually filing for one has haunted numerous Americans. While no one really wants to experience such thing from happening, when one has such a reality, there is no better thing to do than hiring a lawyer.
There are several bankruptcy lawyers in Salt Lake City, so how do you choose the right one? These questions might just be able to help you find the right match.
Should I file for bankruptcy?
Know the pros and cons of filing for bankruptcy. Let your lawyer explain to you how filing for bankruptcy can affect your situation positively or negatively.
Which type should I file?
One can file for either type of bankruptcy, Chapter 7 or Chapter 13. Your lawyer should be able to understand and assess your situation properly as well as explain the differences between Chapter 7 and Chapter 13.
He should be able to discuss properly on why choosing one over the other is the better choice.
What fees should I pay?
Ask for an estimate from your lawyer regarding court fees, attorney fees, and unexpected fees. Do not forget to ask for payment flexibility options as well.
How long will the process be?
Ask your lawyer for a projected timeline of your case. This is important to give you ample time to prepare yourself for the things to come.
What can I expect after filing for bankruptcy?
Filing for bankruptcy can have different effects on people depending on their situation. Make sure you have an idea of what to expect to help you cope with it more easily.
The right bankruptcy lawyer would not only help you get through the case. He would also help you understand the situation, and tell you what you can do to bounce back from it.