Where Do You Find Credible Bankruptcy Information?

25 Mar Where Do You Find Credible Bankruptcy Information?

You’re looking for bankruptcy information online and stumble across a website with what appears to be relevant information.

  • Do you trust it?
  • How do you know?

You’ve asked yourself this a million times as you surf the net – who do you trust?

Get the right information and you’re all set. Get the wrong information and you can lose a lot – your home, your car, your possessions . . . potentially everything.

Take, for example, the case of “G.A.”, a man who recently came to see me with a problem. G.A. had filed a Chapter 7 bankruptcy in Brooklyn, believing that his home and savings account were safe. The Chapter 7 trustee disagreed (and rightly so), and was in the process of selling the home. He’d already demanded that G.A. turn over the savings account.

By the way, the savings account held $150,000 that had been received as severance when G.A. was laid off. The home had no mortgage and was valued at about $200,000.

During our conversation G.A. told me he’d filed his Chapter 7 case using an online typing service. He’d chosen the type of bankruptcy to file based on the information he got from a few sites online.

He gave me the domain names of these sites, and I checked them out. None were written by lawyers, and none were remotely correct.

G.A. is going to lose his home and his savings account. There was nothing I could do for him.

So here’s your lesson. Don’t make your decisions based on the Internet. Sure, do your homework. Find your bankruptcy lawyer online. But always make an appointment to speak with a lawyer about bankruptcy, and hire one to do the work for you. Check them out and make sure that they know what they’re talking about.

Blogs and websites are handy resources to get some background information and learn about the lawyer you intend to hire. But if the blog or website seems too slick, lacking in solid and deep information, and doesn’t give you any information about the lawyer . . . maybe you should look elsewhere.

After all, this is your life and your future. Be sure of your choice, because once you make the decision it’s tough to turn back the clock.

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Jay S. Fleischman is a bankruptcy lawyer with offices in Los Angeles and New York. He can often be found on Google+ and Twitter, where he shares information about consumer protection issues and personal finance.

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