If you are in major financial trouble, you might consider filing for bankruptcy. However, you should never try to do it yourself. According to the American Bankruptcy Institute, 20% of filers have a college degree, 29% have done some college, and 36% are high school graduates. Regardless of your education level, having a bankruptcy lawyer to help you navigate the system is essential if you want to avoid setbacks. If you're talking to a bankruptcy lawyer, here are four questions you should ask.

Is Bankruptcy Right for Me?

An honest bankruptcy lawyer will let you know if there is a better solution to your problem. So, before you file any paperwork, ask your lawyer for an honest answer. They might know of another solution that would fit your situation better.

What Type of Bankruptcy Should I File?

There are several different types of bankruptcy and all of them have different requirements and consequences. A good bankruptcy lawyer can look at your situation and determine which one is right for you. Make sure that you ask this question, then get a clear explanation of which type your lawyer wants to pursue and why.

What Are Your Fees?

When you're in enough debt to consider bankruptcy, you need to be cautious with your money. While a bankruptcy lawyer is a necessary expense, you should be clear on how much you'll be paying and when it is expected. Before you get started, make sure you understand whether the lawyer will expect payment in advance or after the settlement. Otherwise, you might wind up in further trouble.

How Long Will the Process Take?

While bankruptcy can be complicated, there is a beginning and an end to the process. How long it takes will depend on the type of bankruptcy being filed. Ask your lawyer this question so that you can get a basic idea of your timeline. Not only will this help you answer any questions that come up, but it will also give you peace of mind knowing that it will eventually end.

Bankruptcy is stressful, but your lawyer can help make it easier. Ask questions and, if you don't understand the answers, get clarification on them. This will make the process smoother and give you an idea of when it will end and you can move on with your life.