Thursday, May 26th

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You are here: Law & Politics Legal The Hidden Risks of Bankruptcy
“There are many unscrupulous attorneys who just take advantage of their clients,” explained Michael Grennier, owner of Grennier Law, PC, a premier California bankruptcy attorney. “And it slays me to see that happening. That's what initially inspired me to become a bankruptcy attorney.”

Grennier acknowledges that a competent advisor is particularly important under the new bankruptcy laws as the process is more stringent, burdensome and costly than ever. Sadly, many attorneys are motivated by profit, and will often direct their clients to choose a less than optimal path.

Declaring bankruptcy in and of itself is an awful feeling. But doing so based on bad advice is far worse. This is one reason why it is critically important to choose a bankruptcy attorney who is both knowledgeable and ethical Grennier noted.

“Several of the bankruptcy attorneys in the area will push people into a Chapter 13 when a Chapter 13 probably isn't appropriate,” Grennier said. “And the debtor could get qualified for a Chapter 7 to simply erase the debt,” he added. “The reason this happens is because in this particular jurisdiction, these unscrupulous attorneys stand to make double their fees on a Chapter 13 as compared to what they would make on a Chapter 7.”

With an event as life-changing as a bankruptcy, it's critically important to evaluate your advisor carefully by checking with agencies such as Avvo, a client and peer reviewing service.   You will also find with the Better Business Bureau that Grennier has a perfect A+ rating. 

You can also check with the local Bar Association and, if possible, by speaking with some of his former clients. It's also wise to stay away from non-attorneys claiming they can assist you, as they are not regulated by the bar or any other association, Grennier added.  He practices law by the motto, “We care, we can help.” If you have any questions about debt or the bankruptcy process, Attorney Grennier can be contacted at (805) 643-3900 or by email at This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

For more information, please visit: and to see that Attorney Grennier is a Superb, 10 out of 10 rated bankruptcy attorney.
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