Saturday, October 20, 2012

Should you stop paying credit cards?

Should you stop paying credit card balances once you have decided to file for bankruptcy relief? Or should you ever stop paying them when you do not plan to file bankruptcy? I will address each of these situations.

Friday, October 12, 2012

Choosing a bankruptcy lawyer

There are many different types of bankruptcy attorneys from which to choose. Please follow these suggestions when looking for a lawyer:
  • Ask for recommendations: The best source for recommendations would be lawyers you already know and trust. Other types of lawyers probably know who practices bankruptcy and who is trustworthy and diligent. You can also ask friends and family, but make sure you ask about the quality of service that someone received from the lawyer.
  • Schedule an initial consultation: Meet with a lawyer on your first visit. If you are scheduled to meet with a paralegal, this is a bad sign. If you are asked to bring enough money to file the case on your first visit, this is too much pressure and a sign that the lawyer is desperate to earn a fee and not evaluate your case thoroughly beforehand.
  • Evaluate the information you received: Do you understand what would happen if you filed Chapter 7? Chapter 13? Do you understand what would happen if you do not file bankruptcy at all? Do you understand the steps to take before and after filing? You should hire a lawyer who is going to help you make an informed decision and make sure that filing bankruptcy would be in your best interest.