Bankruptcy Attorney | Tips for Choosing Best Attorney
Bankruptcy Attorney . A bankruptcy attorney is a beneficiary who gets an advantage when the economy is going through a bad phase. A person might hire a bankruptcy attorney if he is bankrupt or has debts to pay off. It is very imperative to appoint the right bankruptcy attorney to come out of the pile of debts because it is the knowledge of the attorney in the case which will help to come out of it successfully.
How To Know If You Have Appointed The Right Attorney Or Not ?
The attorney must have a fair amount of experience in the field of bankruptcy and should be one who specializes in cases related to bankruptcy.
The experience of the attorney matters as it is one of the deciding factors in the success of your case.
The attorney must be fully aware of the local laws and regulations prevailing in the city regarding bankruptcy.
The attorney must charge a reasonable fee as the client won’t be in a financial condition to pay much.
The attorney must be capable of handling cases of bankruptcy whether it is chapter 7 or chapter 13
Chapter 7 Bankruptcy
In the case of a chapter 7 bankruptcy, the trustee gets the rights to sell the assets of the person who is bankrupt to allow him to use the money to pay the debts. If the money so derived is not sufficient to pay off the debts then the remaining part of the debt shall be forgiven. There are some exceptions where the assets of the bankrupt are protected from liquidation
Chapter 13 Bankruptcy
In the case of a chapter 13 bankruptcy, the bankrupt gets an extension from the court to pay the debts. In this case, the person can safeguard his assets from being sold. The extension can be for a period of three to five years. In this case, a part of the future income is kept aside to pay off the debts. A person can file chapter 13 only when he has the capability to pay his debts within a fixed period of time.
Call attorney David Pinkston, bankruptcy lawyer, for a free consultation today: (904) 389-5880. If you are thinking about #bankruptcy, #chapter13bankruptcy or #foreclosure in the Jacksonville, Florida area, you should call attorney David Pinkston. David is very experienced with all aspects of bankruptcy law yet very personable and easy to talk to. Call Us Today! (904) 389-5880