There are many unfortunate events that can lead to a stressful litigation. It can often go on for years and make something like an audit from the IRS look like a walk in the park. When litigation happens, it can lead to the selection of a financial expert witness. It is best to search for one early on in the process. However, it can be difficult to know what to look for when finding the right expert for your case. While it does seem very confusing at first, it doesn’t need to be. Below are some factors to consider when searching for an expert witness for your case.
In For The Long Haul
You will want to hire a witness that is going to be there with you through the whole case until the end. Many professional witnesses like to try and avoid depositions and testimonies. Find an expert witness that will fulfill all of their obligations until the end and take the stand if it is necessary.
A Witness With A Team
A litigation has the chance to drag on for a very long time. This can oftentimes leave you without a witness when the time finally comes for witnesses to be seen. Find a witness that has a strong team behind them so you will have continuous support through the whole process if your original chosen expert witness is not able to see the whole case through.
Qualifications Are Important
Even though a witness with the CPA designations is very high respected, evaluate whether or not your case could benefit from an expert that also has other industry credentials. Some witnesses have specialized valuation or some fraud designations.
While you may have had a great experience with a witness in the past, be open to looking at other options. Each case is different and unique and a different witness may be a better option. Speak with a few witnesses to be sure you pick the right one. You are going to want to hire a witness that has the best chance of getting you the results you desire.
Finding the best financial witness for your case can be tedious. It is an important step to having a good outcome on a litigation case. Choosing a good financial litigation support specialist such as Michael F. Richards of mrichardsconsulting.com can mean the difference between a good or bad outcome of your litigation case.
Bankruptcy has its pros and cons. Having some or all of your debt discharged has a price; your credit score takes a nosedive. Do not despair, as you have the power to recover swiftly after your legal procedure was completed. Exceptional bankruptcy attorneys in New Orleans give their clients ample ideas on how they can improve their credit rating. Start by implementing the following four suggestions.
1. Open a New Bank Account
One of the first things to want to do when your credit score is messed up is to open a checking and savings account. Choose a reputable bank or credit union. Of course, that is only if you do not already have them set up. Compare interest rates before selecting a financial institution near your home or work. Find a place that is convenient, because driving long distances can be expensive on gas. Unnecessary bills are not a good idea when you are trying to secure your financial future. Verify that the location you select offers a wide range of products and services.
2. Apply for a Secure Credit Card
Save a little money every time you can when in the process of re-establishing a good credit score. Put it towards a secured credit card. The difference between standard credit cards and secured ones is that you pay the bank the money before you start spending. The bank holds your money until you need it. In a way, they are a bit like debit cards, but with a different function.
3. Unsecured Cards
After a while, you will receive unsecured credit card applications in the mail. The lending institutions start to trust you again. Apply for those cards with the highest limit. Just make sure that there are no upfront fees, and that you pay the balance every month.
4. Manage Your Funds Well
In time, you will be eligible for personal and home loans. That is great as long as you can manage the monthly payments, and are able to save for a rainy day. Dedicated debt relief and bankruptcy attorneys in New Orleans urge their clients to be careful when signing contracts. Do not agree until you are absolutely sure that you can manage all your financial obligations with ease for the entire length of the loan.
In today’s economy, people can become financially overextended. Money becomes tight because of unemployment or an illness creating a pile of bills. Many times people begin to sink farther and farther down and feel like they can never crawl out from underneath their debt. The Federal Government created the Bankruptcy Code to help Americans who are weighed down by debt to find relief. The law is complex and hiring a bankruptcy lawyer in New Orleans should be the first step to recovery.
Finding a Good Lawyer
Seeking help from a professional is not easy. There are many great lawyers around, but not all of them strictly practice bankruptcy law. Find a lawyer that has a lot of experience with the Bankruptcy Code and knows the ins and outs of it. Ideally, you will want a lawyer that only practices bankruptcy law. They should be well versed in the code as well as up to date on any legislation may have changed the rules for filing. Foremost, you should feel comfortable with them personally and their reputation. You should be able to trust that they have your best interest in mind when dealing with your situation.
Which Way to Go
Many people are unaware how bankruptcy works. A lawyer will assess your situation and make a recommendation on how to proceed. In personal bankruptcy, there are two parts of the code that govern how debts are handled. Chapter 7 of the code is the easiest and simplest. All assets, including homes and cars, are sold and the proceeds are used to pay back the banks and creditors. This works best for people that have no income and no way to pay the debts off. Chapter 13, or wage earner bankruptcy, is best for people that have a job, but have gotten in over their head. The court will work with creditors to restructure a person’s debts to make it more affordable.
There are many things to think about before filing for bankruptcy and speaking with a bankruptcy lawyer in New Orleans. Once a judgment is made and your debts are paid off, it may take a while to rebuild your credit. Many times it will cost more in interest rates for a new loan or you may have to start with a secured credit card. It is important to realize that filing for bankruptcy may not be the right choice for your situation. A bank or credit card company may be able to help you set-up payments that are more affordable. There are also debt consolidation loans and credit counseling services to alleviate the strain.