Choosing a Bankruptcy Lawyer Without the Headache

Bankruptcy lawyers are doing a whole lot of business nowadays. Whereas this should be an advantage for anyone looking for an attorney, the number of lawyers actually makes it harder to locate the best in the lot.

There is, therefore, a need for clients to take their search seriously for better legal representation.

To help you find the best lawyer and to enable you file for bankruptcy without any disappointments, here are some factors to consider:

Your friends and relatives can come in handy when you are beginning your search. The idea is to get as many recommendations as possible so that you can have a list of candidates to choose from.

Your search for advice should be limited to those people who have hired the services of bankruptcy attorneys before. You may opt for the directory addresses you find but they are not as advantageous as having word-of-mouth recommendations.

Lawyers usually work with other lawyers, among them bankruptcy attorneys. If you know a lawyer you have worked with before, you can ask them for their opinion and advice. They might even be able to recommend the services of good attorneys they know or work with.

If you do not know any lawyers and you cannot get word-of-mouth recommendations, you can also settle for the list of the bar association in your state. With the internet here to serve us, you’re also able to hook up with a good attorney online. All you have to do is look for reviews of local attorneys.

You can narrow down your search by looking for specific bankruptcy attorneys in your state or near your area of residence. You may also opt for the actual search for an attorney, which involves visiting different law firms or offices of lawyers. This step, however, takes time.

Do not settle for a lawyer without interviewing them first. This is a necessary step as it will enable you know a bit more about the lawyer you are looking to hire for your case. Initial consultations are very helpful. Most people decide whether to hire the lawyer they interview or moving on to the next on their list at this stage. Your lawyer should be well-rounded.

She or he should know their way in and out of court. They should also have experience working with debtors, creditors and court officials. Above all, their communication skills should be unmatched, because this will be crucial in negotiating during the process.

Payment is paramount in any legal representation expect for pro-bono (free) work. Make sure that you and your lawyer work out a good and reasonable plan on how you will pay for their services. It is also wise to make a comparison of prices before you settle for any specific attorney.

This way, you can take advantage of any offers and price reductions through negotiations. Availing all materials relevant for your case is also recommended. These may include documents such as your bank statement, etcetera. The bankruptcy lawyer will then know how else you can contribute to the process.

Useful Facts About Personal Loans and Online Transactions

Personal loans are becoming increasingly easier to avail these days, thanks in great measure to the ease of verification and processing that is done prior to loans being sanctioned. Personal loans fall into two broad categories – secured and unsecured.

Secured loans are usually for higher amounts such as buying a second home, property or vehicle purchase or even educational loans taken against a mortgage that is generally guaranteed against default through ‘secured’ property such as a house etc.

Unsecured loans are personal loans that are given for smaller amounts like payment of medical bills, credit card outstanding or other exigencies that require immediate cash. If you have a good credit rating it is quite easy to acquire a personal loan without any guarantees; the amount of loan depends on take-home salaries and assets that you may possess. Unsecured loans can be processed even online if all requirements are met; the repayment is done in pre-fixed, equated monthly installments with provision for foreclosure depending on the finance company that is sanctioning the loan. The advantage of a personal loan is that unlike credit card payments which are compounded interest and keeps accruing if you do not pay the installments on time, a personal loan is based on low interest rates and can be paid out quite easily. In the event of unforeseen circumstances like a job loss or personal injury resulting in loss of income, you can re-work the outstanding amount and reach a settlement in consultation with your finance company without having to wipe out your entire savings.

Although it is quite convenient to use the Internet for loan processing and installment payouts, you should be careful not to divulge too many personal details. There are many unverified and unethical finance agencies operating online that promise ‘quick loans without verification’ to those who have huge borrowings on credit cards etc. Remember that there is no guarantee that these services are authentic, safe and follow regulatory procedures and if you are not cautious, the resulting experience or loss can prove quite costly.

The first thing that many do when losing money online during a transaction is to blame the bank or financial agency. However, the technology driving the online transactions is more often to blame.

When one loses money during a transaction, one is often quick to blame her/his bank. But most such cases relate to the use of technology in banking. While technology has undoubtedly made life easier, it could prove costly if one isn’t cautious. It is advisable to check and re-check all details while conducting an online transaction because banks are not responsible if you enter wrong data entry or incorrect details. Most banks only use personal account numbers of beneficiaries while transferring funds, not the beneficiary’s name and hence it becomes a valid transaction. At the most, in the event of a wrong transaction, the bank can put you in touch with the ‘unintended beneficiary’. However, banks are quite helpful in helping customers file a complaint with the police and legal authorities and provide assistance in recovering the amount.

Do’s for safe financial transactions

• Do not disclose Debit or Credit Card PIN numbers to anyone

• Do not let others operate Debit Card on your behalf

• While settling bills with Debit Card, ensure that you go to the counter and oversee the entire transaction

• Do not post personal financial details in response to email queries or on public platforms online unless you are convinced that they are authentic and secure

• Do not use public Wi-Fi connections to conduct online transactions

Considerations When Buying the Best Independent Dental Insurance Plans

Since the whole principle for buying dental insurance is to obtain coverage for treatments, consider your needs before you decide on a plan.

For example, if you do not need cosmetic treatment cover, there is really no point in paying additional money for it. Most insurance companies offer three levels of coverage – preventive maintenance, restorative treatments and major treatments. Talk to the insurer and understand which treatments are covered under each independent dental insurance plan.

Dentist networks

Most dental plans are network based. This means that you receive maximum benefits if you go to dentists within the network, and you might not receive any benefits if you visit a dentist who is not a part of the network. There is really no point in signing up with a plan that has a small dentist network within your locality. Ask your dentist if he is enrolled in a reputable network and join that plan. You’ll be more comfortable. You might also receive discounts if your dentist recommends you.

Affordability

Finally, it all boils down to costs. If you cannot afford it, there is no point in buying a comprehensive policy. Cost should not be the only criteria for selection. Analyse different options, narrow the list down to the ones that are the most appropriate and decide based on the cost. Check out your out of pocket expenses such as deductibles and premium payment options.

Here, you need to keep a very important consideration in mind. Different dentists divide treatments into different categories. For example, some dentists might consider cavities as a basic treatment while some others might categorize it into the next level of dental care. Your basic dental cover might not cover it. You need to talk to a dentist within the insurance network and be clear about the different coverage options.

Additional coverage

Besides the basic features available in the plan, some policies offer additional coverage. This might include treatments that are cosmetic in nature. Some policies give you the option to choose among different coverage choices. If you are not satisfied with the basic cover, you need to look for a policy that offers good additional coverage instead of choosing major cover. Major coverage policies are more expensive than the ones that offer basic insurance with additional coverage. Compare different companies, request quotes from them and choose the best independent dental insurance plan.

Waiting periods

You really do not want to buy a policy that has a waiting period of months. Select a policy that offers coverage in the soonest possible time.

Keep these considerations in mind when you buy an independent dental insurance plan.

If you’re looking for cheap dental insurance coverage, you can choose from over 30 regional dentist plans by visiting a reputable dental insurance quote comparison site. Enter your zip code in the quote engine at the foot of the page and compare plans instantly. It’s a lot easier than leafing through the Yellow Pages!

Medical Emergencies: Leading Cause of Bankruptcies in America

There are several reasons people file for bankruptcy. What may come as shocking news is that most people are a SINGLE major health issue away from considering bankruptcy as an option. How can this be when majority of families have some form of health insurance? For one thing, it all depends on a number of circumstances. Here are a few examples of what needs to be considered:

• What type of insurance you have
• What sort of medical issue you have
• What is the co-pay percentage

Medical bills are actually the biggest cause of bankruptcies within the United States. In 2013 alone, almost 2 million people had filed for bankruptcy citing medical bills as their reasons. Even health insurance provides minimal help in preventing these cases.

Why?

One reason is that the average co-pay in most plans is 20%. This works out well for check-ups and minor injuries but if you happen to contract a major illness or get in a serious accident, you could possibly rack up a bill over $50,000 where you would need to cover 20% or $10,000 along with the deductible. For just about anybody, this would be a life-changing tragedy that necessitates seeing a bankruptcy lawyer.

Who are affected?

Of those who have stated medical bills as their reasons for filing bankruptcy, 78% of them had medical insurance of some sort. Most of those affected were educated middle-class families. 1 out of 5 Americans will face problems paying medical bills this year. Accidents and life-changing diagnosis can happen to anybody.

Even with proper savings and good spending habits, the burden of some medical bills is simply too much for most people to handle. This is a problem that an estimated 56 million Americans will need to face this year alone.

What can happen?

Seeing as most health care institutions employ their own means of collecting debts, overdue health bills are treated the same way as other types of debt regardless of the fact if you are now incapable of maintaining your job due to your health issue. You can expect similar means of debt collection such as multiple phone calls, court ordered actions, and other harassing techniques.

How to address the issue?

Bankruptcy is, and should always be, considered as the final option and should only be seriously considered once all other options are exhausted. Lawyers that specialized in bankruptcy are also experts when it comes to finding working solutions for debts. Your best course of action would be to seek the assistance of a bankruptcy lawyer as soon as you are facing a massive medical bill.

The common belief is that credit card debt or mortgages are the main causes for filing for bankruptcy. Most people are caught blindsided by such big bills that they find themselves at a loss for what to do. Simply having the knowledge that 3 out of every 5 bankruptcies are caused by medical bills is already a good start. Knowing is always half the battle and it always beats being caught off-guard.

Taking A Look At Bankruptcy Law

Setbacks are common in life. If your financial situation has spiraled out of control it’s wise that you file for bankruptcy.

Paths of Relief

Bankruptcy laws provide you with two paths for relief: chapter 7 and chapter 13.

Chapter 7 is aimed at helping you to cover the debts resulting from personal loans, credit cards, payday loans and medical bills. This chapter is most ideal for people who own less property. This is because your assets are sold, or liquidated in order to pay creditors as much as possible. If there are any debts that remain after the sale of your assets, they are wiped away leaving you with a clean slate.

For you to qualify for chapter 7 your monthly income must be less than the average income in your state. If you earn more than the average income, you have to pass a stringent means test in order to qualify to file chapter 7.

Chapter 13 on the other hand doesn’t erase debts. Here your debts are reorganized into a repayment plan. It’s good to note that while filing chapter 13 bankruptcy your average monthly income is considered. If you earn less than the average income, you have to repay the debts in no more than 36 months.

If you earn an average or above average income you have to make the repayments in 60 months.

Bankruptcy Exemptions

You have the option of using either federal list or state’s list of exemptions. It’s good to note that while you can mix and match the exemptions, you have to stick to one. To make the right choice you need to find an attorney who will help you out. In addition to helping you to make the right choice of exemptions, the bankruptcy lawyer will also help you in filing your bankruptcy petition.

Depending on the number of creditors that you have, bankruptcy forms can be as long as 60 pages which can be too complex for you. Filing for bankruptcy stops any collection activity by your creditors.

The bankruptcy lawyer will also help you in discussing any issues that might come up during the 341 meeting with your creditors. This helps you to be fully prepared and puts you at a better position of answering any questions that the trustees may ask.

Conclusion

This is what you need to know about bankruptcy law. To increase the chances of winning the case ensure that you hire the best lawyer in your area.