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How To Hire A Bankruptcy Lawyer Snellville GA

By Helen Phillips


When you have a debt problem, your best bet is to hire a competent attorney to help you settle it. After all, you may find yourself in serious legal problems if you fail to honor your debt obligations. A bankruptcy lawyer Snellville GA residents should know, can help them get rid of all their bad debts in a convenient way. This will enable them to start life afresh and free of debts.

Every major city has dozens of lawyers who serve the local population and businesses. Since all the lawyers cannot all be equal, you will have to conduct some research to identify the most suitable attorney for your budgetary and legal needs. Obviously, there are several key factors you have to consider before you commit yourself. For instance, you have to compare reputation and ratings. You need to take as much time as you deem necessary before you commit yourself.

There are basically two types of bankruptcies. The first is liquidation to settle outstanding debts while the other is debt restructuring. The former is provided under chapter 7, which both corporate and individual debts can qualify for. On the other hand, debt restructuring is provided for under chapter 11, for businesses and chapter 13 for individual debtors.

The best attorneys are usually those that have previously handled many similar cases. The more the cases an attorney has handled in the past, the higher the quality of service they can offer. Therefore, you need to take your time to look for lawyers that have been in the industry for long and have handled many similar cases.

While you may be able to get rid of most of your bad debts through bankruptcy, there is a huge cost. After all, you will be blacklisted by creditors. If you want to take out a loan, lenders will reject your loan application. If you want to rent a house, property managers and landlords will reject your application. Remember to keep this in mind before you sign anything.

Before thinking about becoming bankrupt, it is crucial you consider other options. For instance, you can consider consolidating your debts. Secondly, you can think about refinancing your loans and debts to make them manageable. If these efforts fail to bear fruit, you can consider filing for bankruptcy, which should always been seen as the last option.

When debts are written off in a chapter 7, all the assets of the debtor must be liquidated. In case of an individual debtor, only exempted items will be left during the auction. In a chapter 13 and chapter 11, the assets of the debtor are often liquidated through an auction to recover funds to pay off debts. You have to keep this in mind when thinking about becoming bankrupt.

Before picking an attorney, be sure to compare the rates they usually charge for their legal services. After all, you want affordable services. By comparing quotes, you will be able to pick out an affordable legal services provider. Be sure to also read reviews and testimonials to learn more about the reputation and track record of the shortlisted attorneys. After all, you want to be represented by a trusted and reliable lawyer.




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