There are two options when it comes to filing for chapter 7 bankruptcy in Washington DC. The first option is that a person can file for chapter 7 bankruptcy on his or her own. The second option is to have the help of a chapter 7 bankruptcy lawyer in Washington DC to file for bankruptcy. There are pros and cons for a person to file for chapter 7 bankruptcy on his or her own. It does cost less to file without the help of a law firm, but it is considerably easier and less stressful to have a bankruptcy law firm help out through the bankruptcy process.
Evaluate the Law Firms
When choosing a chapter 7 bankruptcy lawyer Washington DC a person should take the time to evaluate all of the available law firms in the area. One of the first things that a person should do is to talk to friends, family members, or other associates if they have had any experience with a bankruptcy lawyer or know anyone who has had any experience with a bankruptcy lawyer. These types of referrals are usually the most reliable in terms of what to expect.
Hire a Law Firm
Now the downside of hiring a chapter 7 bankruptcy lawyer is the cost, but with this cost a bankruptcy lawyer might be able to save even more money in assets than they might have if they were to do it on their own. A person needs to remember that the price that a lawyer offers as a quote should not be the only deciding factor when it comes to choosing a bankruptcy lawyer. Sometimes a lawyer will quote a very low price, but there may be some additional fees that come from other things or services. Worse yet, a cheap bankruptcy lawyer may be cheap for a reason. They may rush through the whole process, cut corners, or are just plain sloppy in their work. The consequence here is there may be some missed opportunities to save a lot of money on assets that a person might be able to keep.
When hiring a bankruptcy lawyer a person needs to take full advantage of the free consultations. They need to be as prepared with all of their financial assets and liabilities as possible in order to get an accurate quote. It is also a good idea to meet with multiple bankruptcy lawyers so a comparison can be made between the law firms.
It is never too early to talk to a bankruptcy lawyer. If a person has the feeling that they might be headed down this road, then it is important to talk to a bankruptcy lawyer as soon as possible.
