Monday, November 12, 2012

Picking the right bankruptcy attorney, and why it is important

Picking the right bankruptcy attorney, and why it is important to do so

Miracle cures and unique remedies are sold to the masses by con artists during periods of illness and epidemic. Thin blankets and overpriced boots to soldiers during most periods of war. History is full of occasions and events which were exploited by the unscrupulous looking to make a quick buck at the expense of the less fortunate. And so it is the modern age as well, unfortunately. The economic downturn of the past ten years has cost many people their jobs, livelihoods, businesses, homes, and savings. Debt has become something carried by nearly everyone, and no longer because of reckless spending or credit card misuse. Students carry educational debt. Homeowners carry debt because their property has lost value. Millions are falling further behind after losing jobs and whole industries have required bail outs to get back on their feet. And there are those who seek to take advantage.

Illinois has recently had to take further action against multiple examples of -bankruptcy petition filers' who are in truth doing great damage to their clients' financial futures. While responsible and legally licensed bankruptcy attorneys have the training and experience necessary to help individuals through all stages of the bankruptcy process, these petition filers work by claiming that they only function as typists-which is technically legal and has a service cost cap of seventy five dollars. However many petition filers overstep these limitations and style themselves as experts, resulting in far larger fees and hundreds of incorrectly filed bankruptcy petitions as well as mournful situations where individuals filed without understanding the impact and effect of their bankruptcy or the exceptions associated with it (such as property debt and student loans). When found these petition filers are usually held in contempt of court and charged with lawbreaking, but because they are never mentioned on the actual applications, tracking them down can be difficult to impossible.


Other offices, called -bankruptcy mills' consist of real attorneys who take in hundreds or even thousands of cases in rapid succession, treating them like parts on an assembly line and pushing them to court, usually without ever meeting with the filer face to face. While their services are far less expensive than a decent Illinois bankruptcy attorney the lack of attention to detail and minimal counseling results in equally pitiful cases. If you are filing for bankruptcy be sure you are fully counseled and prepared and meet with your representation face to face. Your case is far too important to put in the hands of a production line.

Sam H Pitt is the author of the article on somekeywordSam H Pitt is the author of the article on somekeyword

No comments:

Post a Comment