When It Comes to Filing Bankruptcy Cheap Is Not Always Good

When It Comes to Filing Bankruptcy Cheap Is Not Always Good

In this day and age of do-it-yourself businesses, big box discount stores and the growth of the Internet, most people are always looking for a deal. Today, many individuals shop prices from the security of your own home using the Internet for price comparison. People now can shop for cars, houses, vacations, airfare, and just about everything under the sun online. But is cheap always the best? In the past, Americans put a high priority on quality. This even transcended into the service industry from contractors to even law firms. Sure you can shop around and find someone who will do it cheaper, but how good of a job will the person do. This has filtered into the Bankruptcy attorney business. There are ads online where you can find a bankruptcy attorney to file Chapter 7 for $700 or $800. I’m sure they must be getting a lot of takers or they wouldn’t be advertising. What’s crazy is, would someone search online for the cheapest doctor they could find to perform a procedure on a family member? This is no different than hiring a bankruptcy attorney on a budget.

The folks that try to save a few bucks usually end up paying double in the end. Most bankruptcy attorneys offer a free initial consultation. This is a great time for someone to educate themselves and also meet the attorney to make sure that they feel comfortable with them. When filing bankruptcy, trust is very important. If someone doesn’t trust their bankruptcy attorney, they will usually hold back information that might be damaging to their case. Having an attorney that the individual filing is comfortable with goes a long way for a successful bankruptcy filing.

Being cheap when searching for a bankruptcy attorney will usually come back and bite the individual. Since the real estate bubble burst back in 2007, many Americans have been faced with foreclosure and filing bankruptcy. Because of this many attorneys have added bankruptcy to the law they practice. The bankruptcy code has become much more complex than it was in the past, making experience invaluable. A bankruptcy attorney will usually charge based on the knowledge they have of the bankruptcy law. Experience converts to knowledge and cannot be handed over to anyone for free. When considering someone’s financial future, this experience will provide quality results in the bankruptcy filing.

There is a lot of advertising that comes by e-mail and banner ads online, run by plastic surgeons offering deals for LASIK procedure for $500 an eye. When you’re talking about your vision it would be foolish to risk your eye sight to save a few bucks. This also applies to hiring a bankruptcy attorney. Considering the cost of an average attorney versus the amount of debt that’s wiped out in a typical Chapter 7 bankruptcy, it is really quite a value. For this reason, it’s foolish to scrimp unless you have nothing to lose.