Monthly Archives: August 2017

Advice on Filing For Bankruptcy in El Paso

how to get out of debt el paso

Bankruptcy Lawyer in El Paso, Texas

Hiring the correct Bankruptcy El Paso Attorney plays a huge part in how your outcome will be.  The decision that goes in to filing for bankruptcy is not an easy one. There are many things to consider that will impact your financial life for years to come. Also, knowing which type of bankruptcy to file is very important.

Knowing how to file for bankruptcy is not an easy process and there are two ways in which you can do it. The first method, which is not recommended, is to do it on your own but only if you completely understand the different types of bankruptcy to file for. First there is chapter 7; chapter 7 bankruptcy is the conversion of assets into money. This allows you to pay off debts quickly. Chapter 7 bankruptcy allows the selling of your assets in order for you to be able to pay your creditors. Chapter 13 is the next method used to file bankruptcy in the United States. Chapter 13 is the repayment plan with little or no interest. This means that you file chapter 13 with the courts, then all of your debts are compiled and you are set up on a repayment of those debts to take place each month until it is paid off. If you find yourself in a situation where you cannot afford to make your monthly payments, then this option is most likely for you. Always make sure to ask the advice of an attorney before deciding which option to take.

When considering both of these options you may be overwhelmed by what is best for you and your situation. The best advice is to seek out legal counsel that can assist you in determining which type of bankruptcy you should file as well as help you with filing the papers with the courts. You can find assistance in finding an attorney through the American Bar Association. When it comes to choosing an attorney to represent you in your bankruptcy case you want to ask some important questions to aid you in your decision. Do not consider fees and payment prices alone, as you should focus on other factors that are just as important if not more important.

Important Questions to Ask

Ask each attorney you speak with how long they have been in practice and what level is their experience as an attorney, as not every Law Firm is the same. Ask for the attorney’s qualifications and what areas they specialize in. Asking about fees and payments is also needed for your choice in choosing your bankruptcy attorney. Also ask yourself some questions. Questions such as does the attorney seem competent? Is his office staff organized and punctual? If you are able ask some questions about the attorney’s client relationships. Law does prohibit an attorney from speaking about clients unless he has been given the permission from the client. These questions can allow you to make a solid choice on who will represent you.

Comfort and Confidence

When meeting with your attorney does he or she seem to be considerate of your concerns? Do you feel comfortable speaking to your attorney about all aspects of your bankruptcy decision? Do you personally feel confident that your attorney will be able to perform all his or her duties in your bankruptcy case? If you feel discomfort of any kind you may want to continue reviewing possible attorneys for your case. You have to feel safe enough to put your financial concerns in the hands of your attorney. Allowing your lawyer to handle the process of filing for bankruptcy can give you piece of mind as they do this type of process for a living.