If you find yourself financially underwater with no foreseeable way out it is time to find a Bankruptcy lawyer Reading PA. Now you have the task of choosing the right lawyer to assist with you with bankruptcy filing process. Here are a few tips to help you make you decision.
Federal bankruptcy laws demand that you receive debt counseling within six months of filing bankruptcy. This adds to the burden of filing since you need to find a court approved debt counselor and set up an appointment. That is unless the Bankruptcy lawyer Reading PA you choose includes a debt relief agency. This one stop service will save you time and money.
Are you currently engaged in foreclosure proceedings? Then make certain that the lawyer you choose is well-versed in both bankruptcy and foreclosure laws. The right lawyer may be able to forestall foreclosure proceedings and help you to keep your home. Remember, federal bankruptcy laws allow you to maintain possession of certain assets.
Next, check to be certain that the Bankruptcy lawyer Reading PA you choose understands and has filed all three types of bankruptcy. Only a careful survey of your particular situation can determine whether you need to file chapter 7, chapter 11 or chapter 13 type of bankruptcy. All three types of bankruptcy offer advantages and disadvantages that must be carefully weighed depending upon your individual needs.
Can the lawyer you choose explain to you the various asset protection options you have? Most people think that when you file bankruptcy you lose everything. Not so. There are limits to what you are allowed to keep. Plus, you may have to reaffirm your mortgage and car loan, but you do not walk away with nothing. Make certain the Bankruptcy lawyer Reading PA you pick will take the time to help you to understand what assets you get retain.
Another consideration is does the lawyer offer a free initial consultation? If you are filing for bankruptcy it is unlikely that you have the money for upfront fees. While you are engaged in the initial consultation do not forget to get a complete price list of the total cost of your bankruptcy filing.
Before you take that first step toward filing bankruptcy be certain to research your Bankruptcy lawyer Reading PA carefully. Take the time to find the lawyer that will work for you.
