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What to Look For When Hiring a Bankruptcy Attorney

Posted on Dec 2, 2011 in Bankruptcy, Bankruptcy Information, Chapter 13, Chapter 7, Illinois, Wisconsin

Hiring a lawyer for any reason can be stressful. There are so many factors to consider – including the one nobody wants to talk about – cost. For people seeking bankruptcy protection, cost is an even bigger concern. Filing bankruptcy means financial distress. It means not paying creditors and barely getting by. The cost of an attorney is often the number one priority for a client. We urge anyone to consider the downside of hiring a bankruptcy attorney on the cheap.

Sometimes a basic bankruptcy attorney is all you need. Some people can even file simple bankruptcies “pro se”, without an attorney. This is fine if the bankruptcy is easy and there aren’t any problems or unusual issues that appear. However, if problems do arise or the bankruptcy is complex, a low cost, quick fix attorney is probably not qualified. We have had clients walk into our office after hiring a low cost bankruptcy attorney and see the consequences of their choices.

One couple came in to see us after hiring a cheap bankruptcy attorney who knew nothing about mortgage foreclosures. Because of the attorney’s lack of training, the clients are in a much worse position and will probably not be able to keep their house now. Another person came into our office after hiring a low cost attorney and asked why they were still getting mortgage payments in the mail at a high rate. The answer was simple: the quick fix attorney never took the proper steps to inform the mortgage company that the debtors and the mortgage company reached a deal reducing the rate. A third consulted us after failing to tell the courts in her bankruptcy papers that she had a personal injury lawsuit pending when she filed. Now she runs the risk of losing control over the settlement of the case and having the creditors take more than what they would have been entitled to if she had had an attorney tell her that she is responsible for listing any possible lawsuits or claims against anyone.

The professionals at Lakelaw know bankruptcy inside and out and are willing to take the time to work with you all the way through the bankruptcy and other matters that may arise. We offer a free initial consultation and will give you the chance to discuss your personal situation and what you must do to stay strong. Lakelaw will treat you with Care, Kindness, Courtesy, Respect, Professionalism and Dedication. Call us at 1-800-LAKELAW or (262) 694-7300 in Wisconsin.

Attorney Nicholas Strom contributed to this post

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