Bankruptcy myth: Any lawyer will do
Even after they have resolved to file for bankruptcy protection to reduce their debts and stop creditors calling, many individuals in Minnesota and around the country are under the impression that they don’t need a bankruptcy lawyer to help with their case.
Even after they have resolved to file for bankruptcy protection to reduce their debts and stop creditors calling, many individuals in Minnesota and around the country are under the impression that they don't need a bankruptcy lawyer to help with their case. Some also believe that every lawyer will be able to offer them the same quality services, helping them secure the lowest amount possible and retain all of their assets simultaneously.
Unfortunately, bankruptcy law is a complex beast, and without help, or with inadequate assistance, you could end up in a less than ideal situation. Bankruptcy law is complex because it involves not only the voluminous federal bankruptcy code, but also other federal and state statutes, all of which are supplemented by federal and state case law – which is changing constantly.
It's advisable for individuals who are mired in debt to seek bankruptcy protection, but depending on your lawyer, you could face astronomical fees for a sub-par attorney. A Twin Cities bankruptcy lawyer who closely follows cases in this ever-changing legal doctrine will be your best option.
As an individual, it's unlikely that you will be able to properly organize your assets and file for the right type of protection to avoid losing some of your property. With the help of an attorney like one of those at Atlas Law Firm, you can be sure that you're making an investment in your future and putting yourself on the road to financial freedom.
In Atlas Law Firm's cases, 98 percent of clients don't lose any of their assets. That's because our experienced lawyers are intimately familiar with the bankruptcy process and can work with you to protect your finances. A law firm that doesn't specialize in this type of case or has hundreds of clients simply can't offer proper guidance on the subject.
One example of the expertise Atlas Law Firm brings to bankruptcy law is evidenced by a situation a young married couple experienced recently. The couple had first gone to a law firm that presented itself as practicing bankruptcy law and gave the spouses a reasonable quote for attorney fees. However, the attorney soon discovered that the wife was a beneficiary under her mother's trust. Being unsure how the bankruptcy laws would affect the trust and if it could be protected, the lawyer let their case sit. After getting nowhere for over a year, the young couple met with Michael Sheridan. Michael identified the issue right away, gave them a reasonable quote based on their situation and told them he could advise them if the trust could be protected after he conducted a review. The young couple's case was filed within 2 months, and the trust was fully protected.
Michael Sheridan and his associates will work with you individually to find the best course of action for you and your family so that the personal cost of filing for bankruptcy is minimal.