It will be helpful to know that there are four main types of bankruptcy before consulting a bankruptcy attorney: Chapters 7, 11, 12 and 13. Only two, chapters 7 and 13 reflect specific choices for bankruptcy. The other two forms of fraud, chapters 11 and 12 are, respectively, for commercial and agricultural purposes. Visit Taunton Bankruptcy Attorney.
The first step you’ll want to take when selecting a bankruptcy lawyer in the Kansas City area is to find out your lawyer’s practice areas. Some attorneys specifically practice in matters relating to bankruptcy. Other lawyers have a more general practice where they can cover several areas of practice with bankruptcy being among many.
Other lawyers may have a general practice but due to the recent developments in the economy they want to try bankruptcy out.
If that’s the case, whether the solicitor is a sole professional, you’ll want to make sure you inquire whether the solicitor has a referral point from which he or she may seek advice with stuff he or she does not learn. The practice of bankruptcy law is extremely complicated, and the slightest mistake can sometimes be the difference between whether the debtor receives a discharge or a dismissal.
The next thing that a potential debtor will want to know is what kind of bankruptcy law the practice of attorneys is. Again, some lawyers focus specifically on Chapter 7 bankruptcy work. Those lawyers may choose to concentrate on work under chapter 7 because it is less complicated than the work under chapter 13. In general, chapter 7 debtors will not have substantial assets and are less tenuous than chapter 13 in procedural terms. This doesn’t mean that there are bankruptcy attorneys in Kansas City, who concentrate on Chapter 7 bankruptcy law, taking chapter 13 cases.
Another valuable piece of information that a potential bankruptcy debtor wants to find out about is whether the attorney will appear with the debtor at the creditors’ meeting.
The bankruptcy court for the Western District of Missouri will schedule what is called a 341 meeting once the paper work is completed and the documents are filed with the Bankruptcy Court.
That gathering is often considered the “First Gathering of Investors.” This would be the debtor’s only chance to negotiate with the bankruptcy manager and challenge those investors who might try to keep the bankruptcy from occurring. The attorney may not be private to anyone who wishes to challenge the debtor’s discharge before creditors meet.
When the debtor ‘s attorney can not participate at the creditors’ conference, the appointment of a substitute attorney is necessary. The debtor who does not have an attorney is generally not a good idea because the trustee may want certain documents to be sent to the trustee ‘s office within a short time frame or the trustee may have more specific questions that the debtor may not be able to answer.
When this were to happen, the claimant will like a counsel there that has a copy of the motion for bankruptcy. Generally, when a debtor attempts to hold a creditors meeting without an attorney’s presence, the debtor will not have all the information to adequately satisfy the trustee’s inquiries.
The next thing a potential debtor will want to know when choosing a bankruptcy attorney in Kansas City is what’s included in the fee for the attorney. This may differ from lawyer to lawyer. In general, the attorney’s fee is a flat fee that includes the filing fee for bankruptcy petitions. That fee is currently $300. The list of attorney duties may differ however. Some attorneys will cover everything with the fee that is paid from start to finish.