Creditors and Their Attorneys, Is This Really Necessary?
As an attorney, I’m required by my profession to answer with an emphatic “yes.” Bankruptcy is a very complicated area of the law with many forms and technicalities. But as a business owner, you have to weigh the cost of hiring an attorney against the likelihood that the attorney will be able to help you get any money out of the case. You may end up throwing good money after bad.
If the debtor is in a Chapter 7 case, and is claiming no assets, and you are not a secured creditor, there’s very little an attorney can do to help you.
However, if there are assets, or you suspect the debtor is being less-than-truthful in his disclosures, you should consider hiring an attorney to push ...
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