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René G. Salinas' Blog

By René G. Salinas | Agent in Phoenix, AZ

Arizona Bankruptcy Court

Remember I am not a lawyer. Please consult an attorney for legal advice.

OK, so debt has piled up beyond your control. 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, “Do I qualify for a Ch. 7 or Ch.13?” or “What happens to my assets when I file for bankruptcy?”

You delve a little further into your research. You want a qualified Arizona Bankruptcy Attorney, but how do you get there? You use a “qualifying standard” 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 the largest legal firm servicing companies on this planet and have active profiles of over a million lawyers.

There are three ranks available: AV attorneys, BV attorneys and Rated attorneys.

An AV rating is designated for attorneys with only the highest level of achievement & experience.  An attorney with an AV rating is typically top-tier, the type of attorney that is highly respected among other attorneys, boasting 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.  BV rated attorneys are still very qualified for the job.

A Rated rating is your average attorney in terms of reputation & ethical standing.  While this ranking falls short of both the AV & BV ratings, attorneys that are rated with LexisNexis Martindale-Hubbell still remain among the finest of attorneys.

Something to keep on your mind.

The Bankruptcy Option

Don’t rush into bankruptcy. Look at all the options even when you think you don’t have time. You may miss the first step which is debt settlement where you negotiate with your creditors.  Don’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? You’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 $200-300 an hour for general legal consultation. 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.

Attorney Experience

  • 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 doesn’t mean they can’t get the job done. Just a number to look out for.

Phoenix Short Sale Blog endorses the use of Arizona’s Pre Paid Legal Firm for general counsel and discount bankruptcy services. The founder of this firm is an AV ranked attorney with 25+ years of experience in law. 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. I’m here to give you as much information as possible to make the best one for you and your family. Until we meet again.

Arizona Bankruptcy Court

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