Bankruptcy
may be voluntarily declared or induced by the financial debtors. Whatever the
means, it can a low phase in an individual’s life or be extremely damaging for a company or a business organization‘s
reputation, when bankruptcy befalls on the company. Bankruptcy brings along its
own share of legal pitfalls and messy situations. In such circumstances, a
reliable and reputed bankruptcy attorney would be a sensible hire.
How would a competent Bankruptcy
Attorney Help?
An experienced Bankruptcy attorney would be
able to fill any glaring loopholes in your bankruptcy settlement and provide
sound advice on how to tackle any legal matter arising post bankruptcy.
Bankruptcy
invites some unwarranted attention and action from creditors, banks, financial
institutions, loan sharks, clients, shareholders and property dealers. A
bankruptcy attorney would be able to know how to react and handle such crisis
within legal realm and provide a proper response accordingly.
Bankruptcy is
declared when the company is running in consistent loses and is unable to pay
back its loan or dues to the creditors. A qualified bankruptcy attorney would
be able to devise an arrangement to dissolve the company, in a manner to cut
maximum loses and reimburse the credit. In some cases, he may be able to revive
business or save property post remuneration.
An individual
facing bankruptcy would also be able to benefit from a bankruptcy lawyer tremendously.
The attorney may be able to reorganize his debts or eliminate secondary
financial crisis such as house loan, pending credit card debts. He would be
able to profitably see through the sale of his automobile or property, if any.
A bankruptcy
attorney would also double up as a foreclosure property consultant.
The Qualities of a suitable bankruptcy
Attorney
An attorney
is only as good as his best-laid advice. Hence an effective bankruptcy attorney
should possess apt qualities such as
1. Preparedness
He
should be aware of his client’s financial portfolio, the drawbacks of his
current situation and devised the best plan to resolve his client’s bankruptcy
issue.
2. Reliability
He
should be reliable enough to not misuse his privilege as an attorney, privy to
his client’s information and take every step keeping in mind his client’s
benefit.
3. Confidentiality
He
should be able to maintain full or partial disclosure of his client’s financial
portfolio or situation, as per the client’s discretion.
4. Accessibility
A
client, on the brink of bankruptcy never knows when the security rug would be
pulled from under his feet and how. Hence an attorney that is easily accessible
and communication effective will be a great asset. The attorney should be
available to his client in times of need and to provide counsel during important legal meetings.
J.Randall Frier is one such experienced and qualified
bankruptcy attorney, running a successful practice in Talhassee, Florida. He
has over 23 years of experience in debt relief related to corporate and
individual bankruptcy. His consultation and advice would work as a savior
during your tidal bankruptcy crisis. Call
(850) 894-2084 for a free
consultation or to avail his legal expertise.
Posted by J. Randall Frier
Posted by J. Randall Frier