Deciding to file for bankruptcy is a significant step toward improving
your finances. Whether you have decided to file
Chapter 7 or
Chapter 13 bankruptcy, one of the most important steps you should take includes getting to know
the process and what to expect. In this sense, it helps to make the filing
process easier when you know what lies ahead.
Take time to plan ahead before your case is filed. Understanding filing
decisions and taking a few extra moments to prepare may help you in achieving
a favorable outcome. Note things you should avoid when preparing to file
and if you are married, decide whether it is best to file jointly or individually.
In short, do your homework on the process for the chapter you intend to
file so you don't inadvertently sabotage your intended outcome.
Make sure you have all documents prior to filing. When you file you will
be required to provide certain documentation that will provide details
for schedules, the bankruptcy petition, and other related information
pertaining to your case. This helps speed up the filing process when documentation
is in order. Note that you are required to complete credit counseling
prior to filing. You may be required to provide a certificate of completion
when you file your petition.
Seek professional help from an experienced Dallas-Fort Worth bankruptcy
lawyer . It is often advised to have legal representation instead of trying
to complete the filing process on your own. The bankruptcy code is complex
and working with an bankruptcy expert greatly improves chances of a favorable outcome.