How to Find a Good Bankruptcy Lawyer

Unfortunately, some businesses hit on financial hard times and there are few alternatives for the business to take, other than to enter into a bankruptcy proceeding. This doesn’t have to mean the end of the business. Businesses can be restructured during bankruptcy and come out of this process in better shape than it was when it started.

Whether the business is liquidating and trying to shield itself from creditors or the business is trying to restructure itself so it can live to see another day, a good bankruptcy attorney is a must. The question that must be asked, however, is how should a business go about finding the right bankruptcy attorney for their individual needs.

Also Read - हमारे साथ फ्रॉड होने के बाद हमारा ही बैंक अकाउंट फ्रीज हो जाए तो क्या करें?

Unless you have experience with bankruptcy, this will probably be new to you. You may have no idea what to look for in a bankruptcy attorney or where to look for one. You’ll want to first start out by looking for referrals and recommendations. A good place to start is by going online and looking at different reputable directories.

Other viable resources can be your local Bar Association, the American Bar Association, or the American Bankruptcy Institute. All of these resources can help you to create a short list of qualified bankruptcy attorneys that can assist your business with an upcoming bankruptcy filing.

Once you have a short list of possible bankruptcy attorney prospects, it’s advisable to do some research on each attorney you’re considering. Of particular importance is to look for experience as a bankruptcy lawyer. Consider how long the attorney has been practicing bankruptcy law, how many cases they have worked on, and how satisfied their past or present clients are with the services that they received.

You’ll also want to look for any certifications or specialties in bankruptcy that a lawyer or law firm possess. Some states allow for attorneys to be certified by the Bar Association as specialists in certain areas of law, in this case, bankruptcy. While this doesn’t ensure that they are the best bankruptcy attorney available to you, it is an indication that they are certified experts on the subject of bankruptcy.

Lastly, you’ll want to consider the cost of hiring the services of a bankruptcy attorney. When looking at an attorney's fees, they will typically be broken down into two categories.

Some bankruptcy attorneys charge a flat fee. This price covers the services of the attorney from the start of the bankruptcy proceedings through to the conclusion of the bankruptcy proceedings. Other attorneys will charge an hourly fee for their services.

What option will be best for your business will depend on how complicated your bankruptcy is projected to be. If it’s something that is going to take an extended period of time, a lawyer charging a flat fee might be more affordable than an attorney that charges by the hour.

Bankruptcy is sometimes the only course of action for a business to take. By choosing the right attorney, you can ensure that you do the best you can by your business during this sometimes emotionally trying process.

Also Read - आपने कोई साइबर फ्रॉड नहीं किया फिर भी bank account क्यों फ्रीज हो गया