Bankruptcy Attorney

How Do I Know If I Need a Bankruptcy Attorney?

The indicators that you may require to consult with a consumer or business bankruptcy attorney are mainly the exact same:

  • Unable to pay your bills
  • Constant calls from creditors and debt collectors
  • Unsure how to approach debt piling up
  • Bounced checks
  • No cash flow
  • Need representation in court
  • Avoid car repossession

If your business is struggling, you may want a Chapter 11 bankruptcy lawyer. Your lawyer can help get you time to restructure your business and reorganize your debts to be paid later. However, if you know that you have to close your business, you may need a Chapter 7 bankruptcy lawyer, who will essentially hand over your business to the creditor in return for a cleared debt.

If you personally are filing bankruptcy, you may also use a Chapter 7 bankruptcy attorney if you cannot repay your debt over time. You will be given a financial fresh start in return for some of your personal assets. If you are trying to repay your debt but you just need more time, a Chapter 13 bankruptcy attorney can help reorganize your debts and negotiate a payment plan with creditors.

Do I Need a Lawyer to File Bankruptcy?

Individuals aren’t required to have a lawyer to file for bankruptcy (corporations and partnerships do). Given the complicated procedures surrounding bankruptcy filings, you’re probably better off with a bankruptcy lawyer who can protect your rights as a debtor.

How Much Do Bankruptcy Attorneys Charge in Texas?

Typically bankruptcy attorneys will charge by the hour and will ask for a retainer. A retainer is a fee paid upfront which will then be put toward what you owe the lawyer. Your rates will vary depending on where you live and the category of bankruptcy you decide to file. Be sure to ask up front how much your lawyer will charge.