What Can a Chicago Bankruptcy Lawyer Do for You?
An experienced bankruptcy lawyer can help you in many ways at various stages of seeking bankruptcy protection. The time to consult a bankruptcy lawyer is before you start a bankruptcy case. A lawyer might be able to help you avoid filing for bankruptcy.
If you decide that bankruptcy is the best choice, preparing yourself or your business before filing a bankruptcy action is something with which a bankruptcy lawyer can assist you.
Some of the specific items with which an experienced bankruptcy lawyer can help include the following:
- Deciding which type of bankruptcy works best for your situation;
- Preparing the necessary documents for filing a bankruptcy petition;
- Negotiating with creditors;
- Attending court hearings and arguing your case before a judge;
- Advising you of your rights after bankruptcy.
While a person can find lots of legal advice online, you will probably get the best possible outcome of your bankruptcy filing if you have an experienced bankruptcy lawyer representing you.
How Much Does a Bankruptcy Lawyer Cost?
The fee that a Chicago bankruptcy lawyer charges depends on a number of factors, including the following:
- The level of experience that a lawyer has in any particular area;
- The amount of time they spend on the action or the case;
- The complexity of the legal issues involved in the situation;
- Whether the attorney has any special credentials;
- The market in which the attorney works, whether a small town or big city;
- The size and reputation of the attorney’s law firm;
- How the attorney bills for their services.
Bankruptcy attorneys in Chicago generally charge on a per hour fee that can range from $100 to $500 per hour. A bankruptcy lawyer may charge less for an individual and more for representing a business.
Whatever the arrangement you have with your lawyer, it is always best practice to discuss payment openly with your lawyer and to put your agreement in writing.