Like people in other parts of the country, residents in Belvidere, IL frequently depend on legal expertise prior to making bankruptcy filings. With the assistance of a Bankruptcy Attorney, Belvidere, IL clients can feel much more informed about the courses of action that are available to them. Keep reading to learn a few important questions that should be asked during an initial consultation with a lawyer.
Which Type of Bankruptcy is Right for Me?
The answer to this question will be one that’s based heavily on your individual circumstances. Before meeting with a bankruptcy attorney, Belvidere, IL residents may feel like they already know which routes to take in terms of making filings.
However, because no two situations are the same, you cannot just assume you know which type of filing to make without getting legal advice. Chapter 7 bankruptcy is a very common and popular type, because it allows people to keep the majority of their assets.
After getting the answer to this question, you should feel more confident about what the future holds.
What Percentage of Your Practice is Devoted to Bankruptcy?
When hiring a bankruptcy attorney, Belvidere, IL residents understandably want to know they’ll be hiring someone who knows all the intricacies associated with a bankruptcy filing. Make sure to ask a potential attorney whether he or she only works on bankruptcy cases, or practices other types of law, as well. Generally, it’s in your best interests to hire a person who focuses solely on assisting clients with bankruptcy cases.
Can You Tell Me the Pros and Cons of Filing for Bankruptcy?
After the attorney has explained his or her opinion about the type of bankruptcy for which you should file, it’s your responsibility to find out about the benefits and potential downsides of making the filing. Try to have a long-term viewpoint. Don’t just ask about the immediate perks, but what the filing could mean for your future, too. By getting that type of information from a bankruptcy attorney, Belvidere, IL individuals can rest assured they’re making choices that are built on solid information.
Although these are certainly not the only questions that should be asked during an initial consultation with a bankruptcy expert, they are sure to offer valuable insight. For more information visit Crosby Law Firm.