If you are like many people, you will wait until you break that piggy bank for you to admit you have a problem and need to file for bankruptcy. Filing for bankruptcy is the second top-rated legal suit that comes second to criminal law and family law when it comes to court cases in Fresno, and pretty much anywhere else in the world today. Well, it should not surprise you to know there are people who file for bankruptcy without attorneys.
However, chapter 13 can get ugly when you are filing for bankruptcy and have existing loans such as a car loan, mortgage, or any other form of financing that you took with collateral. What this means is you will have to discuss with your creditors whether or not they will redeem the property used to secure your loan or whether agreeing to reaffirmation would be the right approach to take. This is where you will need to work with a competent and wise chapter 13 bankruptcy attorney.
When you decide to proceed with an attorney, you will be expected to have a thorough understanding of chapter 13, how it works out and more importantly how to draft a good one. At the most basic level, drafting a chapter 13 means providing necessary details of your income and expenditure, property, creditors and all your financial transactions in the last couple of years. This is where you choose a Fresno bankruptcy attorney reputed for personalized care without compromising on the professional aspect of the situation.
Next thing to ask yourself is where to find the right man, or woman, thereof, for the job. Probably there is an attorney who has been talking to you on television, or you probably have contacts from a billboard advertisement. Maybe you are contemplating hitting the internet for some reviews of the top rated attorneys or want to ask friends and family for referrals. All these are good alternatives to finding the perfect bankruptcy attorney to work with.
You might also want to look at how much legal representation will cost you when it comes to filing for bankruptcy. It is often a contentious issue considering you are dealing with money problems in the first place. Other determinants of how much your attorney is likely to charge include whether or not there is some business debt and whether or not there are many creditors in the picture, whether you are filing alone or with your spouse. You expect to pay more if your situation is complicated.