If you’re faced with legal complications arising from an SBA loan default, it may feel intimidating to find legal help. But with a few handy tips, the entire process can get so much easier.
The Type of Lawyer You Need
Most lawyers focus their practice on a particular area of law. Debt relief attorneys are those who spend most of their careers on consumer, bankruptcy and legal defense cases. It’s not surprising for many clients not to have any idea what they need when deciding to hire a lawyer. Some attorneys specialize in particular areas, but most deal with a whole range of legal issues. For instance, when evaluating a client’s finances, they may propose a Tax Offset program instead of litigation. In the same way, a litigator may propose bankruptcy.
Looking for a Good Lawyer
If you’re facing SBA loan foreclosure, hiring an SBA lawyer will certainly be of help, and here are some of the best ways to find a good one:
Asking for Referrals – Sometimes, all you have to do is ask people around you for personal recommendations. Relatives, friends, coworkers, neighbors – they can be a good source of leads.
Exploring Legal Directories – Online legal directories can be a good resource of local lawyers too.
Prepaid Plans – See if your employer offers a legal plan that lets you get a free evaluation and a reduced rate when you hire a lawyer.
Bar Associations -Local and state bar associations normally give lists of lawyers who are practicing in certain locations. In larger cities, you can also consult with a lawyer for free when these associations hold clinics.
Generally speaking, several SBA lawyers allow legal consultations either for free or for a lower cost, or they may also conduct phone consultations. When planning to speak to any of these attorneys, be ready with all your facts and paperwork. Of course, before an SBA lawyer can give you any useful advice, they should first understand your current and even your past financial status.
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, find an attorney who is fully qualified and eager to help you with your SBA issue. Regardless of how complicated your case may seem, having the right legal expert by your side can make a lot of difference. But take note that lawyers are not all created equal. In fact, if you need SBA help, you need a lawyer who has spent most of their career resolving SBA cases.