What exactly is the right thing to do when your business gets bankrupt? Filing bankruptcy is a step that has been proven to be a winning strategy in times of loss. Through bankruptcy filing, you are relieving your business and yourself from debts that are beyond your power to settle and pay. You are thereby clearing your business from the accountability of making payments on the ground of being totally out of assets or bankrupt per se. In all the processes involved in filing bankruptcy, a bankruptcy lawyer’s presence is a necessity. Aside from the fact that you need to work hand in hand with a bankruptcy lawyer, however, taking time to ensure you get nothing but the best lawyer is of greater weight. Kindly read further if you want to learn the guidelines on how to choose a lawyer that is right for your case.
How to Choose Your Bankruptcy Lawyer
1. Gather Referrals from Credible Parties
How do you find good bankruptcy lawyers in your town or city? Although you can do a self-research over the internet and are likely to get tons of results and suggestions for lawyer, it is better to use a safer, quicker and surer approach. Instead of just typing the keyword ‘want a bankruptcy lawyer,’ it is more recommended to get in touch rather with individuals who are considered to be credible referral-providers for bankruptcy lawyers. Your local government registrar, the office of the IRS, or any other office or agency in your city government can refer to you a bankruptcy lawyer who is both professional and licensed. Most bankruptcy lawyers who are associated with the local government offices or private firms have already run and won a case or two to the least. This means to say that they are indeed a credible and dependable lawyers in the field of bankruptcy law. Therefore, you can rely on them to some extent.
2. Investigate Candidate Background and Credentials Through Research and Interview
If you get three or more referrals from credible parties and institutions, that is a good sign. Although you will have to check them thoroughly one by one, that is a clear sign that you are almost there to getting to the best and the right lawyer for you. Lay the candidate’s credentials in the table and check them thoroughly. Spot on the length of their experience in the field, any affiliations or linkages they have with law firms or institutions, and any recognitions or achievements received. Most importantly, you should check on the lawyer’s case histories and performances. A bankruptcy lawyer with a high case success rate is almost always the better pick. At the same time, you should see to it that you are verifying on the lawyer’s area of specialization. This means to say that your selected lawyer must be someone who has bankruptcy law as his or her area of specialization. Following your evaluation through research, you can further assess candidates by means of an in-person interview, which is a surefire way of identifying the best bankruptcy lawyer candidate.