Bankruptcy refers to a legal status that is declared by the court. It refers to the inability of a person to pay his debts to the creditors. Bankruptcy may be declared by an individual or even by a whole company or business. In case of the bankruptcy, the company is under extensive debt to the extent that it cannot even pay the salaries of the employees working for the company. According to experts, an increase in the rate of bankruptcies has been observed and it is still increasing at an alarming rate. With the increase in the rate of bankruptcies, it is pretty obvious that the demand for San Antonio bankruptcy lawyer and law firms has also increased. It is an established fact that declaring bankruptcy is a very tough decision.
The person declaring bankruptcy and filling the petition is undergoing a very difficult time and requires a lot of support. Despite the fact that it is a very emotional and stressful time for the sufferer, thought and research should lead to the decision of hiring the attorney to handle the case. The importance of a San Antonio bankruptcy lawyer cannot be denied. It is significant that the lawyer should be compatible, updated about the recent bankruptcy laws and should have a good profile and prior experience in handling these cases. There are some characteristics that should be taken into account before hiring a bankruptcy lawyer:
- The lawyer should have adequate experience regarding the handling of relevant cases. Since there is no formal or special education or training required for an attorney to handle the bankruptcy cases, the only way you can check for the compatibility and test the skill of the lawyer is to ask him for the details of the previous cases that he has handled.
- Another important factor is to check and verify the accreditations and the license to practice for the San Antonio bankruptcy lawyer. Due to the increase in the demand for bankruptcy attorneys, many corrupt lawyers without the required education have shown up and they offer to handle your case. They are not eligible nor skilled to help you out and makes matters worst. Therefore, doing this research and taking all these things into account is very important.
- The lawyer should be compassionate. He must understand that the person is going through a very difficult time. He needs to make the client feel comfortable and understand his feelings. He must be patient and cooperative and should deal with the client lovingly.
- The bankruptcy lawyer should provide all the services in a professional and timely manner. He should be proactive and should handle all the paperwork and document collection. He should be good at multitasking as there is a lot of responsibility on the shoulders of the bankruptcy attorney and he can either make it and save you from a catastrophe or break it and ruin the life and the financial status of the client forever.