Evaluation Criteria
Evaluation Criteria for Bankruptcy and Debt Lawyers
Our research team delves into each of the bankruptcy and debt law practices that are evaluated, looks into case history, and then ranks the best law firms.
Our team first reviews the firm’s general understanding of bankruptcy cases. How much experience does the firm have working with bankruptcy cases? How up to date is the firm with changes in the bankruptcy laws?
Next we review the attorney’s debt analysis processes. We assess how in-depth the firm works to understand the client’s current debt, as well as, their strategy as to how best to deal with that.
We then analyze the firm’s ability to handle debt liquidation through Chapter 7 bankruptcy. Does the firm understand when best to use this type of bankruptcy? Do they analyze the income and debt to determine if the case would be considered abuse if filed under Chapter 7?
Our fourth criterion assesses a firm’s ability to handle financial reorganization cases under Chapter 11 bankruptcy. How many Chapter 11 cases has the firm worked on? Does the firm have a good understanding of the processes involved with this type of bankruptcy?
Lastly, we analyze the lawyer’s understanding of dealing with debt adjustment cases under Chapter 13 bankruptcy. How effective is the firm with making sure creditors are aware of the bankruptcy? Does the lawyer advocate for the client with the creditors and trustee involved in the case?
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