Top Sacramento, CA Chapter 11 Bankruptcy Lawyers Near You

Are You Thinking About Filing Chapter 11 Bankruptcy?

It is important that prior to filing for bankruptcy you consult with a skilled chapter 11 bankruptcy attorney who can help decide what type of bankruptcy is right for you. Furthermore, a Sacramento bankruptcy attorney can walk you through the process of filing chapter 11 bankruptcy.

What Happens During a Chapter 11 Bankruptcy?

During a chapter 11 bankruptcy, otherwise known as a “reorganization” bankruptcy, a debtor remains in control of its operations and is subject to the oversight and jurisdiction of the court. Chapter 11 allows the debtor to acquire new financing on favorable terms by giving new lenders first priority. Chapter 11 bankruptcy also allows debtors to be protected from litigation by putting it on hold. For more information on what happens during a chapter 11 bankruptcy and how bankruptcy can help you, contact a chapter 11 bankruptcy attorney today.

How an Attorney Can Help

An attorney can often resolve your particular legal issue faster and better than trying to do it alone. A lawyer can help you navigate the legal system, while avoiding costly mistakes or procedural errors. You should seek out an attorney whose practice focuses on the area of law most relevant to your issue.

How to Prepare for Your Initial Consultation

Prepare for your consultation by writing down notes of your understanding of the case, jot down questions and concerns for the attorney, and gather your documents. Remember that you are trying to get a sense of whether the attorney has your trust and can help you address your legal issues. Questions should include how the attorney intends to resolve your issue, how many years he/she has been practicing law and specifically practicing in your area, as well as how many cases similar to yours the attorney has handled. It can also be helpful to broach the subject of fees so that you understand the likely cost and structure of your representation by a specific attorney and/or legal team.

Types of legal fees:

Bill by the hour: Many attorneys bill by the hour. How much an attorney bills you per hour will vary based on a number of factors. For instance, an attorney’s hourly fee may fluctuate based on whether that hour is spent representing you in court or doing research on your case. Attorneys in one practice area may bill you more than attorneys in a different practice area.

Contingent fee: Some lawyers will accept payment via contingent fee. In this arrangement, the lawyer receives a percentage of the total monetary recovery if you win your lawsuit. In sum, the lawyer only gets paid if you win. Contingent fee agreements are limited to specific practice areas in civil law.

Flat fee: For “routine” legal work where the attorney generally knows the amount of time and resources necessary to complete the task, he/she may be willing to bill you a flat fee for services performed.

Common legal terms explained

Plaintiff – a person or party who brings a lawsuit against another person(s) or party/parties in a court of law. Private persons or parties can only file suit in civil court.

Judgment – A decision of the court. Also known as a decree or order. Judgments handed down by the court are usually binding on the parties before the court.