Hiring qualified bankruptcy lawyers can make the process easier and protect you from your creditors.
However, it can be difficult to choose the best attorney for your case. Ask these two questions to get answers that can help you decide.
You can also contact Commercial Lawyers in Brisbane for Insolvency & Bankruptcy Law.
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Do you charge a flat-fee to represent me?
Hiring any attorney costs money. This is particularly troubling when you are considering filing for insolvency, as money is the cause of the problem in the first place. Some legal practitioners bill by the hour.
The good news is that most bankruptcy lawyers charge a flat fee for the entire course of representation. Typically, this fee will include consulting with you and analyzing your circumstances, preparing and filing the necessary documents, and representing you during the insolvency proceedings.
Sometimes, creditors challenge the bankruptcy. Other times, creditors can still come in and foreclose on a home. Often, the flat-fee does not cover these additional situations. Before choosing from several bankruptcy lawyers, make sure you understand each attorney's fee arrangement.
Is bankruptcy your primary line of work?
Any licensed attorney can help you file the required paperwork. However, insolvency proceedings involve complex areas of law that do not apply anywhere else. Moreover, deciding what chapter to file involves a detailed analysis of your individual financial situation and expectations.
Even a seasoned legal practitioner whose primary work is bringing tort claims or structuring commercial transactions will generally not have the knowledge and skills necessary to adequately protect you from your creditors. You need a legal practitioner who is devoted to handling insolvency cases.