The Working of Chapter 7 Bankruptcy and Why Choosing a Bankruptcy Attorney Could Be Helpful

If a business is not at an all time high, the owner takes the decision of closing it at times and filing for

bankruptcy. Chapter 7 of bankruptcy is for process of liquidation and is the most common form of

bankruptcy in the United States of America. Studies show that there is a steady rise of bankruptcy cases

being booked, especially chapter 7 or 13. A good bankruptcy attorney has to be hired for the proceedings

and helping the debtor throughout the entire process. According to sources, an attorney could be hired

for as low as $500, with the promise of speedier paper filing. Because there have been a high number of

bankruptcy cases rising, and so, many attorneys have started doing bankruptcies.

Many reports have been made about attorneys illegally advertising themselves as specialized in

bankrupting law. Debtors have to carefully look for certified attorneys who have taken the examination

and have passed the stringent practice requirements to attain this. “The mark of a good attorney is not by

the number of problems that arise, but by the number of problems that don’t arise”, said an experienced

consultation with the client and analysis of the financial situation; preparation of the bankruptcy petition,

reviewing the petition with the client; attendance at the meeting of creditors; and follow-ups with

creditors, such as taking action to halt any post-filing collection efforts, if necessary,

representing the debtor in an adversarial proceeding, According to a bankruptcy attorney, it's

important to make sure these services are all clearly spelled out in the representation agreement.

The attorneys at Fenn Law Firm know their job and it could be wise to visit them once in case you are

facing such issues.