Bankruptcy laws are extremely complicated and nearly impossible for the average person to understand. With the new bankruptcy laws that have been recently put into action, the laws have become even more complicated. This is why it is important to hire a bankruptcy lawyer if you are considering filing bankruptcy. He or she can help you choose the right chapter of bankruptcy for you.
Does the lawyer have support staff to handle any questions or issues if your lawyer is busy? Does he have partners? Is he a solo practitioner, or is this a large law firm? Is the wealth management you meet with the one who will be with you every step of the way? Or will your case be assigned to different lawyer as it makes its’ way through the legal system?
Some people fail at financial management because they refuse to live with a budget. The most prominent reason that discourages people is the fact that budgeting seems like too much of a chore to do. While knowing all the details and tracking your expenses are important in budgeting, there are systems that will make it easier for you.
Referrals: Don’t be afraid to ask family members, colleague…etc for recommendations. If you are going through a divorce, ask someone who may have had a divorce to recommend a lawyer.
The most accurate and the most exact way of knowing your lawyer’s charge for the closing is asking him or her about it. It is important that you have a constant communication with your lawyer so that you can talk this thing over. Having a healthy relationship with your lawyer is really a big help in determining his or her charge for the closing. Who knows, you might also have some discounts if you enjoy a healthy relationship with your lawyer.
Another thing to add to your journal is your budget. Create a monthly budget and put it in your journal. Write down your expenses and income for the month and see how close you stay within your budget. This is a good place to write down financial goals, such as a goal to pay of a credit card or a goal to save up for a new car. You can look at these goals daily and decide what expenses you are willing to cut out that will help you to save this extra money.
Play The Money Game- my wife and I are constantly playing money games with our 6 year old son so that he learns the importance of money. We play games like “Bet You Can’t Buy This” where we tell him that he will never be able to save enough money to buy a toy. What he does is starts saving his money for that toy to beat us at our own game. Eventually, he buys it and has the feeling like he beat us, because he DID BUY IT! How can you make similar games with your family. Believe me, it doesn’t matter what age your family is. There are even financial boardgames that are fun as well. Check out Cash Flow For Kids. I have it and my nephews are always asking to play it.
What if you get nothing? You have an honest claim, but the offers before court or lack of offers before court lead you to trial. Then, a judge decides you do not deserve damages. You may think it’s over; you lost. However, if you hire a good lawyer, he or she can take this to appeals court, where, if the laws were not interpreted correctly, you have a second chance to be compensated.