You might be wondering what to expect when you hire a Bankruptcy Lawyer. While you are free to charge whatever you feel is appropriate based on your experience and complexity, bankruptcy has many intricate rules. Whether you file for Chapter 7 or Chapter 13 bankruptcy is entirely dependent on the information you provide. In addition, some courts have “presumptive ceilings” on fees for certain types of bankruptcy cases. Luckily, you can often get around these limits by demonstrating good cause.
In New York, bankruptcy laws are complex. Although it is possible to find a bankruptcy lawyer who specializes in your type of case, many lawyers do not specialize in these types of cases. You will need a bankruptcy lawyer who is skilled in your specific state’s bankruptcy laws. He will be able to provide you with the advice you need to navigate the bankruptcy process. In addition, you should consider the amount of time it will take to get a bankruptcy discharge, which is typically five to seven years.
In addition to their knowledge of bankruptcy law, bankruptcy lawyers should understand business practices and the legal doctrines that govern ownership. For example, a bankruptcy lawyer should have a deep understanding of corporate finance, and business practices. The Bankruptcy Code also outlines the rules for distributing funds and liquidating assets. If you are filing for bankruptcy, they should be able to explain your options to you in layman’s terms.