Top El Paso, TX Chapter 7 Business Bankruptcy Lawyers Near You

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El Paso Chapter 7 Business Bankruptcy Information

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Lead Counsel Verified Attorneys In El Paso

Lead Counsel independently verifies Chapter 7 Business Bankruptcy attorneys in El Paso by conferring with Texas bar associations and conducting annual reviews to confirm that an attorney practices in their advertised practice areas and possesses a valid bar license for the appropriate jurisdictions.

Find a El Paso Chapter 7 Business Bankruptcy Attorney in your area

Are You Considering Chapter 7 Business Bankruptcy

If your business is in serious debt and your creditors and bill collectors are harassing you, but you can’t pay back your business debts, then chapter 7 business bankruptcy may be an option for you. Chapter 7 business bankruptcy is a way for a business to liquidate assets to then pay creditor.

Benefits of Hiring a Chapter 7 Business Bankruptcy Attorney

As business owners, it’s best to leave your debt concerns and financial problems to the experts. There are too many Bankruptcy laws, rules and procedures to deal with. Calling a an El Paso chapter 7 business bankruptcy lawyer will help you understand the pros and cons of this type of bankruptcy.

Top Questions to Ask When Hiring an Attorney

  • How many years have you been practicing law? How long have you practiced law in the local area?
  • How many cases similar to mine have you handled in the past?
  • What is the likely outcome for my case?

In legal practice, experience matters. An experienced attorney will likely have handled issues similar to yours many, many times. Therefore, after listening to your situation, the attorney should have a reasonable idea of the time line for a case like yours and the likely resolution.

Tips on Approaching an Initial Attorney Consultation

  • Use the consultation as a means of gaining a better understanding of your legal situation.
  • Ask the attorney how many cases similar to yours he/she has handled. An attorney’s experience and knowledge can speak to their expertise (or lack of) in addressing your situation.
  • Your attorney should be able to articulate roughly how long a case like yours will take to resolve and what sort of procedures to expect.
  • Determine how comfortable you are working with the lawyer and/or law firm.

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.

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