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How To Choose Buisiness Bankruptcy Lawyer
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If you have a business of your own and the possibility of going bankrupt is staring hard at you in the face, I think you will want to consider choosing a business bankruptcy lawyer who will help you weather the storm of what seems as a probable difficult time.

Of course, you will want to consider having an attorney who can assist you with choosing the ideal type of bankruptcy you should file for. An expert business bankruptcy lawyer can assist you with saving as many assets as possible and can help you to protect your personal assets from legal proceedings. But, you need to watch out for some vital criteria if you want to choose a business bankruptcy lawyer who is competent enough to handle your legal issues. Read on to learn how to choose the best business bankruptcy lawyer.

To start with, you should look out for a Certified Business Bankruptcy Attorney. Usually, there is an agency known as the American Board of Certification which is saddled with the task of certifying lawyers in special fields such as business bankruptcy. Choosing business bankruptcy lawyer with the right certification means that they have gone through the right training and can move on with their training to make sure that, they stay up to date with the latest laws and changes in the fields.

Make sure you ask for referral before you choose a business bankruptcy lawyer. Just as it is with any other attorney, a referral is often the best way to find the most competent business bankruptcy lawyer. If you have friends who have been through bankruptcy in their business before or a lawyer you have worked with in other fields of law, you can ask them to give you a referral to a good business bankruptcy lawyer.

When choosing a business bankruptcy lawyer, do not jump to choosing a particular type. Talk to at least 2 to 3 business bankruptcy lawyers. As you discuss with them, make sure you ask questions like how long they have been in business and whether or not they specialize in the bankruptcy proceedings. Don't forget to ask them how you can communicate with them during the legal proceedings. You will also want to know how much they charge and how long the proceeding is going to last. Of course, you will not want to bite much more than you can choose, will you? You will not want to spend your whole fortune on choosing a business bankruptcy lawyer you will soon get tired of paying their services as the proceedings continue.

In your bid to choose a good business bankruptcy lawyer, do not forget to ask for references. Sometimes, it could be hard for attorneys to give out client references as they need to keep their information personal. But, they can still have past clients who have agreed to give a positive reference on their behalf. Of course, it does not hurt to ask!

Finally, sign a Retainer Agreement and make sure you know what you are signing. It is the normal thing to sign a retainer agreement and so, you should be ready to sign one. However, my advice is that you should read the retainer agreement to a complete understanding before you sign it. The reason for emphasizing this is that, it is a legal document that is legally binding on you once you sign it.

If you file bankruptcy yourself under Chapter 7, the court will grant you a bankruptcy discharge, 60 to 90 days after your asset is liquidated. It is now left to you to start rebuilding your credit rating. For Chapter 13, you will need to start repaying within 30 days of the approval of your plan until your plan is completed. Good luck!


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