Real Lawyer Bankruptcy

Mar 11th, 2014 | By | Category: Debt

If you find yourself in a position when you require to file for bankruptcy, then you’ll need to employ a lawyer. You could find yourself in a very poor situation without a proper bankruptcy lawyer in Chicago. A good lawyer will be in a position to represent you in the best possible manner so that you come through the bankruptcy without too much harm. It is no secret that bankruptcies are extremely difficult and it can be up to the judge how much debt you still required to pay and what’ll be erased from your records. In order to make sure you’re represented accurately to the judges, then you’ll need a good bankruptcy lawyer in Chicago.

Bankruptcy lawyers moved to the top tier of corporate practice in 1978 when a federal statute allowed them to be paid top hourly fees, which courts had traditionally limited in bankruptcy proceedings. In recent years, legal fees in Chapter 11 reorganization cases have soared as deals have grown bigger and more complex. Even in the economic downturn, bankruptcy lawyers have been shielded from the market and client pressures that have forced lawyers in other specialties to cut their fees. Federal law …



FAQ’s: can you declare bankruptcy without a lawyer?
i would like to file for bankruptcy without having to pay a lawyer

  • You can, but unfortunately you are pretty much guaranteed to fail unless you have extensive knowledge about such legal cases. If you leave out just one form or don't file all the correct forms at the correct times, your case will be dismissed as being incomplete. —————- I usually refer to it this way when talking to my friends about bankruptcy. (You see, I've been there – I filed successfully – using a lawyer – five years ago after being diagnosed with a rare medical condition). It's called 'playing the game'. You are going to be in a courtroom with a judge and a bankruptcy trustee. What else do you usually see in a courtroom ? You guessed it – lawyers. If you don't have a lawyer, then you aren't 'playing the game' properly. This is an unwritten rule – as I said, you are free to represent yourself in any court case. But not having a lawyer gives a subtle (or not so subtle) hint to the judge that you don't like to 'play by the rules'. Your case will be scrutinized much more thoroughly than if you had a lawyer file it (correctly) for you. Bankruptcy lawyers KNOW the correct forms (which change every year), they know when to file such forms, they know how to fill out such forms, and in general, they even know the judges and the trustees since they work with them everyday. My bankruptcy went through smooth as silk and it really wasn't that expensive to have a lawyer file it. I consider myself to be a fairly intelligent person, but I have essentially no knowledge about actually filing legal cases. My specialties lie elsewhere, i.e.in different fields. I have little doubt that if I had tried to file on my own that my case would have been dismissed as being incomplete or incorrectly filed. So then where would I be ? Back to square one. Would have had to start all over again. Bottom line – 'play the game' properly and use a lawyer.


  • What About….

    Unfortunately, more people have filed bankruptcy in 2010 than in past few years, and it shall only increase as we approach 2011. Thus, ask around. Find out who has handled bankruptcy related issues amongst your relatives, friends and loved ones. Ask around your area. For dealing with bankruptcy is difficult and you don’t want to make it worse on your family by selecting a lawyer who isn’t an expert in the field. You need someone with a reputable history of success in handling it with ease. Questioning those you know in similar scenarios is a good way to find out about an attorney before hiring him/her.
    Harvey R. Miller, the nation’s most prominent bankruptcy lawyer, said yesterday that he was joining Greenhill & Company, an investment banking and money management firm, as a managing director and partner. Mr. Miller, 69, is leaving Weil, Gotshal & Manges, where he has headed the bankruptcy practice for more than 30 years and has been an adviser on several of the biggest bankruptcy restructurings, including those of Texaco, R. H. Macy and Rockefeller Center Properties. While working on the Texaco restructuring, …


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