Choosing to go through bankruptcy is usually a final attempt by people in a difficult financial situation, who are trying to salvage what they may of their lives. They are sinking – due to the market collapse, a job loss, business going under, unexpected medical emergencies and the attendant sky-high bills, a mortgage they can no longer afford, the kids’ college tuition, or maybe just from poor money management – whatever the reason, their financial boat is under water. Creditors are threatening to take the few assets they’ve managed to keep and they’re facing utter ruin. At this point they need to find the best bankruptcy lawyer they can – the best one for them, specifically.
To this end, they must ask qualifying questions of their prospective lawyer:
- What kind of bankruptcy should I file: Chapter 7 or 13, or is my situation more complex than that?