The Cost of Shopping Around For A Bankruptcy Lawyer

By Attorney Richard S. Ravosa
Massachusetts Bankruptcy Center

Bankruptcy is often a quick and clean way to get rid of all your debts and get a fresh financial start. Lawyers know that you probably don’t have a lot of money to spend otherwise you would not be looking for a Bankruptcy lawyers in Massachusetts. When you are shopping around for a lawyer, be aware that the cheapest fee quote may turn out to be the most expensive lawyer in the end. That is because the low fee quote is a tactic used to lure you in and sign up with that lawyer and often times, that is just a “retainer” or “deposit” that gets applied toward the entire “bigger” legal fee that you will be charged later.

The best way to avoid this is to ask to see the fee agreement in writing, before you agree to anything. The lawyer should have no problem showing you this and it is also a requirement under the bankruptcy laws. Although fees to vary, but the old saying that “you get what you pay for” still rings true. Bankruptcy law requires the numerical skill of an accountant or mathematician to crunch the dizzying array of numbers and formulas, a logistics expert to keep track of all of the pages and pages of financial documents and get them to the court, trustee and other parties, a methodical secretary to help the lawyer keep track of the deadlines associated with your case, that if are missed, could end up costing you a denial of your case, or worse, an investigation by the Department of Justice.

There is a lot that goes into a Filing bankruptcy in Massachusetts and you want to make sure that you hire the right lawyer who has an office staff that is strictly dedicated to handling bankruptcy cases and can be there to help you every step of the way. You are looking for the best team to help you through this process so that when the lawyer is out of the office at court, there are other lawyers and staff at the office that are familiar with your case and can handle your questions and concerns. As far as the legal fees go, for the vast majority of bankruptcy filers, they will only File for bankruptcy in Massachusetts once in their life. For something so valuable as a permanent lifetime discharge of your debts, it is a small price to pay to make sure that your case is handled with precision expertise. It will not only provide you with the benefits of freedom from your debts, but will also restore your peace of mind knowing that your case is being handled properly every step of the way.

This content has been taken from: http://www.zimbio.com/Bankruptcy+Service/articles/77hmzWzKwsL/Cost+Shopping+Around+Bankruptcy+Lawyer?add=True

Filing for bankruptcy in Massachusetts: support when you need the most

Yes, bankruptcy has helped a lot of people and it will indeed help you. Well, if you have financial problems and if you are reading this article, then it is possibly the best time to be proactive. Filing for bankruptcy in Massachusetts at least deserves some investigation.

So what is the concept Massachusetts Chapter 7 Bankruptcy ? The bottom line is - most people with serious debt problems can make these problems go away if they keep all their ducks in one row.

All things considered, to file for bankruptcy in Massachusetts is pretty generous and is certainly helpful for people who are struggling with debt. Honestly, bankruptcy is not a free ride, but it can be a path to financial freedom and fresh start. Well, let me explain the process, the pros and cons, the credit issues and much more. Typically, Massachusetts Bankruptcy filing can help when you simply can no more pay your debts and live reasonably anymore. If you qualify, Massachusetts Chapter 7 Bankruptcy will discharge most types of debts, and Chapter 13 will allow an affordable partial repayment and forgiveness of the balance.

As a matter of fact - Bankruptcy is a federal law and it is typically intended to give people a fresh start free of debt. Bankruptcy can also stand as the most sought after Foreclosure help in Massachusetts and are meant to encourage the entrepreneurial risk taking and the freedom that the U.S. economy depends on for growth.

Filing for bankruptcy in Massachusetts: Yes, there are reasons:

1. When you are trying your best to keep debts current but are borrowing money from one card to pay other.

2. When you are desperate in keeping your debts current by using your savings

3. You are trying to keep debts current but your are going without the essentials of life.

4. You have defaulted on credit card debt.

5. You have looked into credit counseling and found that they demanded a payment you could not afford

6. You have lost a job

7. You have a reduction in income.

8. You have incurred substantial medical debt

9. You have fallen behind on house or car payments

Typically, the Massachusetts Bankruptcy attorney will tell you where you fit in the bankruptcy process. Yes, it depends primarily on your debts, assets, income, and expenses.

This content has been taken from: http://www.zimbio.com/Bankruptcy+Service/articles/4z0W5JXeSpv/Filing+bankruptcy+Massachusetts+Can+help?add=True

File for bankruptcy in Massachusetts: more on myths

For most of the Americans the decision to File for bankruptcy in Massachusetts is certainly the last resort. Between unemployment, pink slips, underemployment, death, divorce and uninsured medical costs, people are actually turning towards bankruptcy for getting the much needed relief.

As a matter of fact, with the Massachusetts bankruptcy filing the wide range of defaulted borrowers can now regain control over their fate and can save their property even in the face of a foreclosure. Well, once you are sure that “bankruptcy” can support you then you have to decide which bankruptcy chapter can suffice your need. You have to decide if Chapter 13 bankruptcy or filing Massachusetts Chapter 7 Bankruptcy is right for you. In fact, Massachusetts Bankruptcy attorney can offer more info on this however; in brief Chapter 13 bankruptcy is better suited to individuals who are able to make plans to repay all of their outstanding debts. Chapter 7 bankruptcy on the other hand is better for people who do not have the means to set up repayment plans. It stands as typically a form of bankruptcy help, which allows debtors to have debts discharged through liquidation of non-exempt assets.

However before anyone ventures down to File for bankruptcy in Massachusetts they will need to have common bankruptcy myths exposed.

Myth 1: I cannot file bankruptcy because I have a good job: This is a common myth and all filers are required to take the "means test." The means test will compare your income for the household of your size to the median income of your state. In fact, if your income is too high - you would be diverted to filing a Massachusetts Chapter 13 Bankruptcy as opposed to the Chapter 7.

Myth 2: I need to pay off the debt if I file a Chapter 13 bankruptcy: This is not always true. In fact, every Chapter 13 repayment plan is different and these can range from paying unsecured creditors virtually nothing to paying up to 100%. It all depends on a variety of factors.

Myth 3: I will practically lose all if I file bankruptcy: In fact many of the bankruptcies cases are ‘no asset’ where the debtor gets to keep everything they own. IN FACT, THE After bankruptcy in Massachusetts allows exemptions to the debtors to keep a significant amount of personal property including IRA's and pensions.

Myth 4: Alimony and child support can be included in bankruptcy: This is purely a myth and you simply cannot include spousal support/alimony, child support, student loans, court-ordered fines or victim restitution in bankruptcy.

The Massachusetts bankruptcy center with its various locations, dotted all across Massachusetts and with the team of expert bankruptcy attorneys and support staff, offers you customized solution to regain your financial stability.

This content has been taken from: http://www.zimbio.com/Bankruptcy+Service/articles/r1gFtclvhSR/File+bankruptcy+Massachusetts+Bankruptcy+myths?add=True