Best St. Louis Bankruptcy Attorney
The current global pandemic has caused financial stress on people all over the country. Your company may have had to close down or make drastic cutbacks during quarantine leaving you without a job. Even though your income has been drastically reduced, you still have bills to pay. A home mortgage, car loans, and other bills are piling up while you search for a new job. Meanwhile, bill collectors are not patient with your search for new income. If you’re struggling to pay your debts and need to consider alternative options then it might be time to look into filing for bankruptcy.
Choosing a bankruptcy lawyer
You’ve decided it’s time to file for bankruptcy. Now all that’s left to do is find an affordable bankruptcy lawyer. Before you ask, yes, you do need a lawyer. It might seem counterproductive to pay someone to help you file for bankruptcy, but you want a professional who is familiar with the forms and procedures to take you through this complicated process.
When searching for the right person to represent you there are a few things you should be looking for.
- Is the person experienced?
Bankruptcy code is very complicated and requires a deep knowledge of bankruptcy law to successfully navigate the various cases and filing rules. You need a professional who is well aware of all aspects of bankruptcy who will advise you on the best course of action. An experienced professional is also more reliable so you won’t have to worry about missed deadlines or misfiled forms. A missed deadline or inaccurate form could result in your case being thrown out, which would make the whole process a waste of time. Ask about specialized training, education, and background when contacting affordable bankruptcy lawyers near you.
- Are the fees reasonable?
Bankruptcy lawyer fees vary from state to state as well as by case. Ask about the lawyer’s fee structure during the initial consultation to get an idea of what you’re expected to pay and how costs will be calculated. You also need to understand what services are included in that fee. Ask for a list of services to ensure you’ll be getting the right help for your case.
- Are you willing to communicate?
Open communication with your bankruptcy lawyer is important for a successful case. You’re going to have to have hard conversations with your lawyer about your financial situation and current assets in order to appropriately asset your situation. If you’re not comfortable talking with the lawyer you choose about your concerns you should consider looking into a different lawyer or finding an alternative option.
Filing for bankruptcy chapter 7
Chapter 7 bankruptcy is an option if you’re far behind on your bills and can no longer afford monthly bills or expenses. The way chapter 7 bankruptcy works is it takes away your unsecured debt and essentially resets your finances. However, in most cases, you will be giving up some of your possessions to pay off some of the remaining loans. Chapter 7 also has a long-lasting impact on your credit score that can be hard to bounce back from. Ultimately, however, this is one of the best options for people who need to file bankruptcy.
If you want to learn more about filing for bankruptcy, then contact the best bankruptcy lawyer in St. Louis by reaching out to Charles H. Huber, Attorney At Law.