If you are considering filing for bankruptcy or have already filed, then it is imperative that you choose the right Bankruptcy Attorney for your case. Bankruptcy Attorneys will charge you a fee for their services, regardless of the outcome of your case. It is important to find an attorney that will work for you and not just their bottom line; after all, they need your money in order to survive. The most important aspect of selecting an attorney is ensuring that you have a thorough understanding of the Bankruptcy Laws and the process they will follow in filing your bankruptcy.You may want to check out Phoenix Bankruptcy Attorney for more.
Bankruptcy Attorneys files the appropriate paperwork in the appropriate court and also work with you and your creditors to restructure your debt into manageable monthly payments. A common scenario involves a debtor that has many debts that are difficult to pay because of high interest rates and late fees. The Bankruptcy Attorney will negotiate with your creditors to work out a plan where you will pay your debts over a period of time with affordable monthly payments. This scenario is common with individuals who do not own a home and do not have significant assets. Often times, these types of cases are settled out of court without the involvement of a bankruptcy court.
Bankruptcy Attorneys does receive a portion of the judgment money if their client files for bankruptcy, however, this percentage does not cover the attorney’s fees. Many people believe that they are getting a fair deal from Bankruptcy Lawyers, when in reality, they may actually be paying more than necessary. Because of this, you should understand how Bankruptcy Attorneys get paid before hiring them for your case. While each bankruptcy lawyer’s payment schedule is different, most will receive a percentage of your judgment award which is the general rule of thumb for most cases.
CONTACT INFO :
Israel & Gerity, PLLC
202 E Earll Dr #440, Phoenix, AZ 85012
Phone No. : 602-274-4400