Watch Out For Cheap Bankruptcy Firms

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Here’s an MSN Money article by personal finance columnist and author Liz Pulliam Weston that is well worth a read.  The article isn’t new, but its report on the risks of hiring a low cost “Bankruptcy Mill” to handle your bankruptcy case is still relevant today.

 

According to Ms. Weston, there are 2 types of Bankruptcy Mills:

  • High-volume law firms run by attorneys who may never actually meet their clients before appearing in court.
  • Non-lawyer bankruptcy-petition preparers who advertise extremely cheap services.

The article reports that both types of Bankruptcy Mills can be a disaster for their clients, through a combination of unethical behavior and incompetence.

Of course, you should always seek the best value for your hard-earned dollars, including reasonable attorney fees.  But in the case of bankruptcy advice and representation, cut-rate pricing  may be a danger sign that you should look elsewhere.

Click here for the article.  It’s a short read and it highlights the importance of hiring a trustworthy bankruptcy attorney who will competently and ethically represent your best interests in helping you obtain a fresh start.

If you are facing a personal financial crisis, contact me today to schedule your FREE no-obligation initial consultation.  I will evaluate your financial situation and, if bankruptcy is an appropriate solution for you, I will quote you a reasonable flat legal fee.

Image credit: Sue Richards

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