The COVID-19 outbreak has forced many businesses to file for bankruptcy or permanently shut down. Since filing for bankruptcy is so complicated, it is crucial to have a lawyer by your side when completing the bankruptcy declaration process. Bankruptcy lawyers have specific roles to play and responsibilities to fulfill. The bankruptcy lawyers in Scottsdale can be of great help in this respect.
Here are some of the roles and responsibilities of a bankruptcy lawyer in Scottsdale, Arizona.
Remaining Honest and Loyal to the Client
The bankruptcy lawyer you hire should remain honest and treat you fairly throughout the entire legal process. It is his or her duty to keep you informed about the case proceedings. He or she should prioritize confidentiality and keep all of your personal and corporate data in a safe and secure location. He or she should also communicate with you about the natural progression of your case. These are just a few of the steps that are needed when remaining honest and loyal to the client. If honesty and loyalty are not given by an attorney, then this could jeopardize your case even further.
Protecting the Client’s Rights
A bankruptcy lawyer should protect a client’s rights at any cost. Your attorney should act as your legal guide and effectively communicate with you before executing a plan of action. He or she should be able to use his or her level of expertise to get you the best bankruptcy deal possible. You should feel great once your case is closed knowing that your attorney has helped you improve your finances and gotten you out of an extremely difficult situation.
Showing Discretion
Being a skilled and experienced lawyer means knowing how much information should be disclosed at any given time. Confidentiality is a significant part of an attorney’s responsibility. If your information does not fall into the wrong hands, then your relationship with your attorney will grow stronger and trust will start to emerge.
Management of Financial Documents
Legal matters often involve an infinite number of documents, statements, and records that require careful handling. Your bankruptcy case is no different; your lawyer must be able to determine the declared assets and liabilities owned by the organization or client. This is required at the beginning of your bankruptcy case.
Legal Counseling
The most important job of your bankruptcy lawyer is to give you legal advice. This includes offering advice on how to dress and carry yourself during your case proceedings. Moreover, your attorney should prepare you for the legal process and help you craft answers to any questions that may be asked.
A bankruptcy lawyer is an essential asset for a business owner. His or her experience and skill level can help you mitigate the downsides of bankruptcy and give you the strength you need to make positive improvements in your life.