Your family depends on you, not just for providing them, but also taking care of their needs. that includes protecting them from any harm caused due to the non-payment of your debts. Failure to honor your financial commitments can put your entire life in jeopardy. Impending foreclosure and repossession can be daunting and traumatic for anyone. However, professional assistance in the form of an experienced bankruptcy lawyer is available in Northport, Alabama. If you want to get rid of your liabilities, you need to start your search for lawyers now!
Investigate bankruptcy lawyers in Northport, Alabama before hiring
To get rid of bankruptcy, you need the assistance of bankruptcy attorneys with a proven track record that can be verified online easily. You can also ask for recommendations from your colleagues, friends, and family members who have previously dealt with bankruptcy attorneys. They could provide you with their personal experience. Make sure to mention that you would prefer a lawyer with experience in handling repossession or foreclosure cases if you are fearing that situation.
If you have previously hired another lawyer, you could ask them for referrals as they are bound to know someone, being in the same profession. The US bar association also lists lawyers along with their specialization and ZIP code. You can use it to find a Northport, Alabama bankruptcy lawyer near you easily.
Differentiating between insolvency chapters
Personal bankruptcy can be filed under Chapter 7 or chapter 13. Knowing the difference between the two is important. In Chapter 7 you do not have to pay any money to settle your debts. However, your non-exempt property might be liquidated to payback some money to creditors. Chapter 13 bankruptcy, also known as wage earner’s plan, involves a repayment plan to pay your debts back.
The cost of filing bankruptcy in Northport, Alabama
Different chapters of bankruptcy cost different fees. Moreover, there is no fixed charge that attorneys ask to handle your bankruptcy case. The charges depend on the chapter of bankruptcy, court, and state you are filing in. It is therefore important that you ask for as many quotes as possible from the lawyers you have shortlisted to find out whether they are affordable or not. On an average,a Chapter 13 bankruptcy may cost you around $2000in attorney charges. Apart from this, you also need to pay for court and counselling charges.
What is the next step?
Once you have verified the track record and affordability of the lawyer, it is time to meet them in person to decide who would handle your bankruptcy case. Most of the lawyers in your list will be professionally qualified and experienced in handling similar cases, thus, this is the perfect opportunity to find out whether you are able to trust them with your personal finances or not. A lot of it would depend on how much time it would take to get an audience with the lawyer after making an appointment. Usually, the case is handled by the lawyer, however, there are chances that associates or paralegals might be doing the majority of the work. Their knowledge of bankruptcy laws as well as your case can be important. You can find out about all the stuff during the discovery meeting which is generally free of cost. If you are satisfied with the process, you can ask for a contract to be drafted which specifies the fees as well as services provided against it.
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