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Welcome to Bankruptcy Guide

 

Bankruptcy Lawyer Article

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A Bankruptcy Lawyer Restores Faith in the Legal System

from: Deb St. George - HomelessInKingCounty.com

A bankruptcy lawyer can restore your faith in the legal system, because he or she can prove that the laws are there to help you in your hour of need. Sometimes it is easy to view the legal system as too bogged down with backlogged cases making it inaccessible to the average citizen. But the bankruptcy court is there to legally assist the honest person with debt that has become such a burden that it is virtually non-payable. For this situation, only the law can help.

When you need to hire a bankruptcy attorney, you should look for certain qualities. One of the most important qualities is experience. The bankruptcy attorney is a specialist just like the divorce lawyer or the criminal lawyer. The bankruptcy laws are complicated and only an attorney with experience is going to be familiar with the actual implementation and interpretation of the law. This can be crucial when it comes time to negotiate with the court trustee or the federal judge.

A bankruptcy lawyer should also have experience with all of the chapters as defined by law. When you consult with the attorney initially, you will have to complete a number of forms which detail your financial status. The attorney must interpret the information in relationship to the law and decide the best chapter filing for your particular situation. The only way this can be accomplished efficiently and accurately is if the attorney understands the complex legal definitions and requirements of all the personal and business chapter bankruptcies.

Of course, you also want an attorney who works efficiently and follows through. Everyone has heard of attorneys who take their time filing court papers and are bad at staying in touch with their clients. Filing bankruptcy is stressful enough without having an attorney in which you have little confidence. Instead, you want an attorney who is prompt with court filings and in whom you are able to confide. Admitting you have lost control of your debt can be a very difficult situation, and you need an attorney who understands the emotional side of bankruptcy.

A professional bankruptcy attorney is able to review your situation from many angles. In some cases, you may not need to file bankruptcy. Instead you might be able to actually avoid bankruptcy by lowering your debt and increasing your income in various ways. A good attorney will review all options with you and not just assume you have to file bankruptcy.

A bankruptcy attorney is a legal advisor, listener, confidante and advisor all rolled into one person. You want to hire an attorney with a good reputation. This may sound like a lot to ask of a single lawyer, but you want assurance that your bankruptcy will solve the major financial issues in your life. The only way to get this assurance is by retaining an experienced attorney specializing in bankruptcies.



 

Bankruptcy Lawyer News

Top bankruptcy lawyer leaving Dewey

(Reuters) - Martin Bienenstock, a prominent bankruptcy lawyer who advised on General Motors Co's restructuring in 2009, is leaving the law firm Dewey & LeBoeuf to join Proskauer Rose, which announced his move on Friday. Bienenstock has been part of a small management team overseeing Dewey since a leadership shakeup in March. Earlier this week, two other members of that office announced plans to ...

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Top bankruptcy lawyer to leave Dewey

May 11 (Reuters) - Martin Bienenstock, a prominentbankruptcy lawyer who advised on General Motors Co'srestructuring in 2009, is leaving the ailing law firm Dewey &LeBoeuf to join Proskauer Rose, a person ...

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Jefferson County Can’t Pay GO Bonds Without New Tax, Lawyer Says

Jefferson County, Alabama, can’t fully repay $205 million in general-obligation bonds without raising taxes, the county’s bankruptcy lawyer said, threatening investors with losses not seen in the U.S. since the Great Depression.

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UPDATE 1-Top bankruptcy lawyer leaving Dewey

(Updates with quotes from former partner about Californiaclosure, Proskauer confirmation) (Adds Proskauer statement) May 11 (Reuters) - Martin Bienenstock, a prominentbankruptcy lawyer who advised on General ...

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5 Bankruptcy Myths Debunked

Nadya Suleman (known to gossip magazines as "Octomom") recently filed for Chapter 7 bankruptcy after accumulating roughly $1 million in debt. Tabloids and gossip blogs have criticized Suleman's spending and lifestyle, but she's far from alone in her financial woes. Legal technology provider Epiq Systems estimates that 1.21 to 1.25 million Americans will file for bankruptcy this year, down from 1 ...

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Judge Denies Move To Stop Desai Testimony In Bankruptcy Case

Chief U.S. Bankruptcy Judge Mike Nakagawa on Tuesday denied a bid by Dr. Dipak Desai to stop his sworn examination before creditors from moving forward. Following a brief hearing, Nakagawa ruled from the bench that the examination could resume as scheduled

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Bankruptcy is not the end of the world. You can survive it and come out on the other side more financially solid.

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