Considering the fact that once you file bankruptcy, your credit report gets stigmatized for at least seven years, one should be very careful before declaring itself bankrupt. When there is no other option left and you have made up your mind, the next thing that you should consider is hiring the best bankruptcy lawyer.
For that you must do a thorough research about their experience, track record, dedication, professionalism and certification. You can search online, check yellow pages or online directories.
Do not go by your friend's words who himself has never been into such crisis. Try to find the best bankruptcy lawyer who is experienced but not overworked as in that case he may not be able to expend suffice time in your matter.
You can consult some legal professionals as bankruptcy is a specialized field and their recommendation can prove useful. With an increase in bankruptcy cases, your attorney may not deal with the case directly. However make sure the one you are directly interacting with– his paralegal or clerk– has enough expertise in banking filings. You can also check their credentials.
The next and the most important thing to remember is do not be a pocket pincher in hiring a best bankruptcy lawyer. Although it will be foolish to expect you spending huge sums on appointing him, but still you should not take a chance in this affair as your financial future is at stake. Hiring a wrong person can prove to be a costly mistake.
When bankruptcy is overhanging or inevitable, do not let yourself sweep off your feet by the ridiculously low prices offered at some storefront operations. They may look alluring but are never worthy of putting your money and trust into them.