OK, so debt has piled up beyond your control.Â Things seem suffocating
and you want a breath of fresh air. You look into bankruptcy just to
see what your options could be. Questions roam around in your head, â€œDo I
qualify for a Ch. 7 or Ch.13?â€ or â€œWhat happens to my assets when I
file for bankruptcy?â€
You delve a little further into your research. You want a qualified
Arizona Bankruptcy Attorney, but how do you get there? You use a
â€œqualifying standardâ€ before hiring any attorney. This is imperative
because the problems could keep spiraling downward and to add insult to
injury you could end up deeper in debt.
Let me list a few tips to make the decision on a qualified Arizona bankruptcy attorney a little easier:
The LexisNexis Martindale-Hubbell Ratings
Comparing lawyers by their experience, ethical standards, legal
knowledge and overall capacity for excellence is a good way to start.
The best thing about using the ratings means the work has already been
done for you. LexisNexis & Martindale-Hubbell established the
LexisNexis Martindale-Hubbell Peer Review Ratings and is a 3rd party
ranking system. They are two of theÂ largest legal firm servicing
companies on this planet and have active profiles of over a million
There are three ranks available: AV attorneys, BV attorneysÂ and Rated attorneys.
An AV rating is designated for attorneys with only
the highest level of achievementÂ & experience.Â An attorney with an
AV rating is typically top-tier, the type of attorney that is highly
respected among other attorneys, boastingÂ an extremely vast list of
satisfied clients & partners.
A BV rating is designated for attorneys with some
level of experience and is a respected mark of achievement.Â BV rated
attorneys are still very qualified for the job.
A Rated rating is your average attorney in terms of
reputation & ethical standing.Â While this ranking falls short of
both the AV & BV ratings, attorneys that are rated with LexisNexis
Martindale-Hubbell stillÂ remain amongÂ the finest of attorneys.
Something to keep on your mind.
The Bankruptcy Option
Donâ€™t rush into bankruptcy. Look at all the options even when you
think you donâ€™t have time. You may miss the first step which is debt
settlement where you negotiate with your creditors.Â Donâ€™t let a
bankruptcy attorney submit paperwork and represent you in court for a
ridiculous amount of money. Find an attorney who is willing to give you
general counsel for little to no cost, but guess what? Youâ€™re very lucky
if you find a lawyer to do that who is not a Pre Paid Legal attorney. Who wants to declare bankruptcy? Nobody, but if you do decide to do it explore every option.
General Legal Counsel Fee
Average cost for regular attorney is $200-300Â an hourÂ for general
legal consultation.Â Guess what? You should pay no more than $16 a month
for unlimited consultation. No need to get billed $800 for a few coffee
talks with an attorney.
Verify track records.
Licensed and reputable firm is not enough.
Length of time in business of around 15-25 years is good. If less it
doesnâ€™t mean they canâ€™t get the job done. Just a number to look out
Phoenix Short Sale Blog endorses the use of Arizonaâ€™s Pre Paid Legal Firm
for general counsel and discount bankruptcy services.Â The founder of
this firmÂ is an AV ranked attorney with 25+ years of experience in
law.Â If you decide to file for bankruptcy I recommend using Pre Paid
Legal to obtain general legal counsel and have their designated
Bankruptcy Attorneys begin the process.
Making choices is part of life. Iâ€™m here to give you as much
information as possible to make the best one for you and your family.
Until we meet again.