The rules and laws that involve bankruptcy are not only complicated but can also be nearly impossible for a layman or average person to understand. This situation is even made worse by the fact that recently there has been an enactment of many new laws that deal with issues about bankruptcy.
This is why it is very paramount and advisable for one to hire a bankruptcy lawyer if any individual is considering filing for bankruptcy. The attorney will help you choose the right chapters of bankruptcy to undertake.
Below we, therefore highlight the duties and responsibilities that the bankruptcy attorney will perform or offer on the commencement of the engagement between you and him.
Roles of a bankruptcy attorney
1. Professional responsibilities
It is within the lawyer’s code of conduct that each and every law practitioner has a special responsibility to offer to his/her clients regardless of who they are. This is not exceptional with bankruptcy lawyers. The lawyer is therefore tasked with the responsibility of ensuring that their clients are treated fairly during their entire period of this legal process. It is an oath that lawyers accept.It is usually the most important characteristic of a bankruptcy lawyer which if ignored will lead to losing of a case.
This is another responsibility that is very crucial and should be practiced by a good bankruptcy attorney. He should, therefore, know what action to take at a specific time and how much they can disclose about the case. This ensures that the conversations about the details of the case between the lawyer and the client are confidential. This, in the long run, contributes to the enhancement of client-lawyer relationship a fact that prevents important information about the case from getting into the wrong hands.
3. Financial responsibilities
One of the most common characteristics that cut across all bankruptcy cases is the management and handling of massive numbers of financial documentation and statements. Thus, the lawyer has a big responsibility of conducting evaluation and analysis of these financial documents while helping in the determination of what liabilities or assets that the client or the organization that has hired them owns. This is undertaken in the early stages of the case because liquidation might be necessary.
It is not only a responsibility but also a characteristic of any good lawyer to be entirely devoted to whatever case they are handling at any given time; this is not exceptional to bankruptcy lawyers. When a lawyer ultimately gives attention to the case and client, he/she will ensure that the rights of hiss/her client are fully adhered to. If this is not the case, it will ultimately lead to the loss of the case due to the violation and infringement of the client’s rights.
5. Legal counsel
The most important reason why an individual hires the services of a bankruptcy attorney is to get legal advice. It is, therefore, the primary role of a bankruptcy lawyer to advise their clients on how best to carry themselves around and behave during the entire legal process. They are tasked with the responsibility of giving legal advice to their clients about the case they prepare their clients for the possible questions and processes that they will encounter throughout the case.