If you’re facing legal issues due to an SBA loan default, you may find hiring a lawyer an intimidating idea. But with a few basic tips, the process can be a whole lot easier.
Determining the Type of Lawyer You Need
Most lawyers focus their practice on a particular area of law. Debt relief attorneys are those who handle cases that involve bankruptcy, consumer and legal defense. It’s not surprising for many clients not to have any idea what they need when deciding to hire a lawyer. Though some attorneys are specialists in a specific field, most of them work with a wide variety of legal issues. When studying a client’s finances, for instance, they may choose to recommend a Tax Offset Program rather than litigation. In the same way, a litigator may propose bankruptcy.
Searching for a Competent Lawyer
If you’re dealing with SBA loan foreclosure, a debt help lawyer will surely be of great assistance, and here are some of the best things you can do to find one:
Asking for Referrals – Sometimes, it’s all a matter of asking for referrals from your own social circle. Relatives, friends, coworkers, neighbors – they can be a good source of leads.
Checking Legal Directories – Online legal directories can be a good resource of local lawyers too.
Prepaid Plans – Check with your HR department if your employer offers a legal plan, which usually offers free legal consultation and a reduced rate should you actually hire any of their recommended lawyers.
Bar Associations -Local and state bar associations normally give lists of lawyers who are practicing in certain locations. In bigger cities, legal clinics may also be held, allowing you to discuss your case with a lawyer at no cost to you.
In general, a lot of SBA lawyers provide free or low-cost consultations, while others also allow consultations through the phone. When planning to speak to any of these attorneys, be ready with all your facts and paperwork. Of course, before you can be given any helpful advice, an SBA lawyer needs to assess past and current financial status beforehand.
On your initial meeting, ask the lawyer about the services that you can expect from them, as well as the costs that you need to pay. You may be tempted to use a debt settlement company, but unless they have good debt help lawyers on staff, you’re better off hiring one of your own.
In any case, hire an SBA attorney you’re sure is happy to help you solve your SBA debt issue. No matter how complicated your case may seem, having the right expert by your side can help make things easier for you. But keep in mind that lawyers are hardly all the same. In fact, for SBA help, you should only approach a lawyer who is a specialist in SBA cases.