A Bankruptcy Attorney is an important part of any process you may need to go through when filing for bankruptcy. There are two categories of bankruptcy lawyers: commercial bankruptcy lawyers who can help you properly file for personal bankruptcy, and consumer bankruptcy lawyers who can help you properly file for bankruptcy as an individual or by your spouse. Most people are confused as to what kind of lawyer they should hire to represent them when filing for bankruptcy because there is no right or wrong answer here. The decision really comes down to personal preference and financial situation. Do you want to learn more? Visit Richard Weaver Bankruptcy Attorney in Dallas, TX.
There are many different kinds of scenarios in which hiring a bankruptcy attorney can be beneficial, including the following: – If you have too much debt that you can not pay, then this is the best time to use a debt lawyer to negotiate with the credit card companies to help reduce your debt and interest rates. – If you know that you will have to sell your home or other large assets to pay back a loan, then an attorney can advise you on whether or not you qualify for a loan workout. This type of transaction would allow you to eliminate some, but not all, of the debt from your mortgage. – If you have been having difficulty making your monthly mortgage payment, then an attorney can help you determine if you qualify for a government program called First Time Homebuyer Programs or if there are other options available to you. These loans provide first-time homebuyers with low down payment money and the opportunity to finance the home in order to purchase the home.
Bankruptcy attorney fees are typically very low. Typically, they will charge anywhere from 10% of your potential settlement to even less, depending on their experience and the actual value of the advice they can give you. So, it really comes down to your own situation and what you feel is the best option for you. Bankruptcy lawyers get paid; make sure you hire one who gets paid based on how much they actually save you!