Applying for bankruptcy in Waukesha can be a complicated process, and there’s no doubt that an experienced lawyer can make the experience go a lot more smoothly. However, before you settle on a bankruptcy Attorney in Waukesha WI, there are some important questions you should ask to make sure you’ll get what you expect from your legal representation.
Should I file for Chapter 7 or Chapter 13 Bankruptcy?
While Chapter 7 is the most common form of bankruptcy in the U.S., you may need to file for Chapter 13 depending on prior circumstances or if you’re in danger of losing your house, car or other important assets. A good lawyer should be able to explain the difference between the two as it pertains to your case and recommend the course of action that will most beneficial to you.
Do I have any issues with preferential payments?
In bankruptcy proceedings, issues can arise if you’ve made any large payments to one creditor but ignored others. Cases can go to court as one creditor or lender can sue another for a portion of the payments you’ve made. Your bankruptcy Attorney Waukesha WI should be able to tell you if you’ll have any potential issues with these preferential payments and advise you on the best way to proceed.
How often do you handle bankruptcy cases?
While any lawyer is more than qualified to handle a bankruptcy case, you’ll do better to find one who devotes much of his or her practice to bankruptcy filings. The changes made to bankruptcy laws in 2005 made filing more difficult, and precedents are constantly changing. A lawyer who is familiar with the ins-and-outs of bankruptcy will be better able to represent your best interests.
How much is your fee?
According to the National Bureau of Economic Research, the average fee for a bankruptcy attorney is around $1,500. This can vary greatly depending on the complexity of your case and the area where you live, but be wary of lawyers who charge much less. With legal representation, you usually get what you pay for, and a rock-bottom price is often a red flag.
A good attorney can help your bankruptcy to go more smoothly and can help you keep valuable assets like your home and car. If you need to file for bankruptcy, contact Horizon Law to arrange a consultation.
