So why would you need a bankruptcy lawyer? Let’s say you decide to open a store in Hayes Valley San Francisco. To pay for the rent, any construction you must do, all the items you need in the store, and just any other general business costs you can think of, you decide to take out a line of credit to pay for it all.
Sadly, after six months of your store opening, things are not going well. You’re needing to take out even more credit to pay to keep your lights on and doors open. Just a few months later, no one is no longer giving you any credit until you start paying back what you had taken out. Unfortunately you have made no money to start paying anyone back.
You now need to file bankruptcy because you cannot pay back those you borrowed money from, and to do this you will need to hire a bankruptcy lawyer.
What is a Bankruptcy Lawyer?
If you ever find you need to consider bankruptcy, an attorney can help you with everything that may entail. To begin with, a bankruptcy attorney can help you figure out if the right course of action for your particular situation is to file bankruptcy in the first place. From there, their knowledge of the ins and outs of bankruptcy can help you learn the pros and cons of filing for bankruptcy, figure out if bankruptcy will honestly help you erase your debt, analyzing your budget, and considering alternatives to bankruptcy.
How Do I Find a Bay Area Bankruptcy Attorney?
Just like with hiring any type of attorney, you want to do your homework to ensure you find the right attorney to meet your needs. To find a reputable bankruptcy attorney, try searching for certified individuals through associations and organizations specifically for consumer or business bankruptcy lawyers. For instance, through the website of the American Board of Certification, www.abcworld.org, you can search for a certified attorney online. There may also be a more localized version depending on where you live. For example, the Central District Consumer Bankruptcy Attorney Association has a search on their website, www.bklawyers.org.
And prior to meeting with prospective bankruptcy attorneys, it would be a good idea to educate yourself on what a good bankruptcy attorney should offer. The Consumer Bankruptcy Center of the American Bankruptcy Institute would be a great place to start. They offer a number of resources on their website, consumer.abi.org, including frequently asked questions, resources, and a locator for bankruptcy pro-bono resources.