Bankruptcy law is a tight market as many clients don’t know what to do in the event they need to get out of a business. Seeking the appropriate help is difficult and you should know what traits a bankruptcy lawyer should possess.
We all know life is not cheap. But choosing a law firm based on price is hardly a good idea. Instead, learn what services are included in the fee. Ask if counseling and assessing the financial situation are included in the fee. Also, preparation to file for bankruptcy and the meetings with creditors should also be covered. These services need to be specified in the representation agreement. If the bankruptcy petition is appealed, the lawyer’s fee is unlikely to cover the trial representation as well.
Experience in the field
Experience is a great aspect to ensure the case is treated correctly, even if technically, any lawyer can take care of bankruptcy cases. A good indicator of experience is the number of cases the lawyer handled to that point and not the number of practice years. Moreover, the success rate is a great indicator to see if you’re wasting your time or not. To get a hint about this information, visit the website of your state’s bar. You will find out what lawyers in the area are certified in bankruptcy law. In case something goes wrong, a certified lawyer will know what to do.
Updated knowledge about law changes
Look for lawyers knowledgeable about the latest law changes. This requires a bit of reading into it, but it will help you spot an ignorant lawyer. Ask the lawyer how the amendments to the law affect your business. If you get an evasive answer, it’s time to go elsewhere.
A good lawyer must hear and understand a client, while making the client feel comfortable speaking about the problem. Being comfortable with a lawyer means getting the answers you are looking for when you’re looking for them. And a good lawyer will make you feel valued, while listening carefully to the reasons that led you to deciding to file for bankruptcy. This means that an appropriate lawyer should treat cases individually.
A good lawyer should not make clients feel bad about not having legal knowledge. Neither should he or she feel threatened about clients having such knowledge. The point of it all is working together for the best result. Communication is very important when choosing a lawyer. An experienced bankruptcy attorney will demolish all beliefs about this topic and will help you understand your case and rebuild your credit. Ask for referrals from the lawyer and speak with former clients to see if the lawyers you want to hire have done a good job.
When talking to a professional, you can generally feel how passionate they are about the job. If they’re doing it for the money, they are likely to be cold and treat the case with indifference. An indifferent lawyer might put less effort in doing a proper job. Talk with your lawyer and find out why he or she chose this job. Ask about professional satisfaction and about what motivates them to go on. You will probably notice from the tone of voice if the lawyer is truthful or not.
Sometimes bad things happen and people make mistakes. That is why many lawyers sign insurance policies for malpractice to cover any situation that may occur. Having an insurance policy may help clients recover whatever damages they suffer. However, it depends on the case.