Exhausting all remedies prior to filing for bankruptcy is clearly important because bankruptcy is known as the “last resort.” Filing BK will remain on your credit report for as long as 7 years in a Chapter 13 and 10 years in a Chapter 7 bankruptcy filing. Therefore, consider all other options prior to filing.
It is not necessary to hire a lawyer or an attorney to file for bankruptcy, but it is advisable. Especially with something so important, you want to make sure it is done right. You want to make sure that the right lawyer is familiar with the financial difficulties are you are facing, i.e., collections, foreclosure, repossessions, lawsuits, wage garnishments, bank levies, etc.
New laws have also been set in place since 2005 and many attorneys are not well aware of it. There are certain financial management courses that need to be taken in order to file for bankruptcy. Your income must be below a certain amount to qualify for a Chapter 7 bankruptcy. Your attorney will know these answers and will know where to go if he does not know the answer.
Being debt free in today’s economy is important. Many are struggling to make ends meet and many are taking the bankruptcy route to alleviate their pressure of debt. Attorney Alon Darvish has helped many individuals file for bankruptcy.
Bankruptcy attorneys in the Los Angeles area tend to charge a lot of money ($2,500 to $3,500) for a simple Chapter 7. Many have been coaxed into paying this kind of money for such a simple bankruptcy petition. It doesn’t take much work for the attorney to file a chapter 7 bankruptcy petition.
Would you perform an operation on yourself? The answer is no! This is the thinking you should have when hiring a bankruptcy attorney. With something so important, don’t leave it in your own hands – hire a professional! However, don’t pay thousands of dollars when you don’t have to.
Don’t fool yourself into thinking that if I pay more, then I will get more. In certain situations, that is the case, but for the general public, you do not need to pay thousands of dollars to file a simple Chapter 7 bankruptcy. The usual American has very little assets (i.e., no equity in their car or home), very little money, and thousands in credit card debt. You should never pay thousands of dollars to file a simple Chapter 7 bankruptcy.
When looking for a bankruptcy attorney, make sure you have a chance to speak to the attorney and not just a paralegal or legal assistant. Larger operation bankruptcy firms tend to have their paralegal handle your questions. Paralegals are not well equipped to handle such important questions, such as “Can I keep my home?” or “What will happen to my car?”. Make sure you have an opportunity to speak to an actual bankruptcy attorney.
Law Offices of Alon Darvish – Los Angeles Bankruptcy Assistance