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Bankruptcy - Questions & Answers

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All Questions (10)

What does a bankruptcy attorney do?

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Bankruptcy attorneys (specifically those who specialize in consumer bankruptcy) will consult with a client to assess financial standing and debt obligations and determine if declaring bankruptcy is in the client’s best interest....Read More

How much does a bankruptcy attorney cost?

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Generally, geographic area and the complexity of the case will dictate the cost of a bankruptcy attorney, but those seeking such services can expect to pay $1,000 to $1,500 in fees on average....Read More

What are the advantages of having a bankruptcy attorney?

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While bankruptcy filers can choose to represent themselves, the low success rate of such setups stands in stark contrast to that of filings made with professional legal consultation. The intricacies of bankruptcy and its different chapters requires a high and specialized level of knowledge....Read More

In what specific situations is having a bankruptcy attorney helpful?

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Bankruptcy attorneys are most helpful when consumers cannot afford consistent and timely payment of bills, when they are called by creditors constantly, or when their debt becomes unmanageable and unsustainable....Read More

What are the questions to ask when hiring a bankruptcy attorney?

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It’s important to ask about the potential outcomes of your bankruptcy case: Whether a debt is canceled entirely or just reorganized. You need to know what assets you might have to forfeit, as well....Read More