Why It’s Important to Have a Bankruptcy Consultation

The Importance of Bankruptcy Consultations

When considering
bankruptcy as an option to get you the financial relief you are seeking, taking the
time to consult with a bankruptcy expert can make a big difference in
how you proceed in choosing the best solution. This is the perfect opportunity
to gain clarity about the process and whether it is the best solution
for your situation. It is also the perfect time to ask questions and get
answers about what you can expect should you decide to file. The following
points are additional reasons to consider a consultation.

  • Most bankruptcy consultations include a one-on-one analysis of your unique
    situation with a bankruptcy attorney. Consultations offered are often
    free; plan to discuss your situation for about an hour. This process can
    help you in selecting the right attorney to handle your situation. You
    may be asked to bring documentation pertaining to your finances such as
    income records, bills, a list of your debts, estimated values of personal
    property and assets, and even legal documents you may have received (foreclosure notice, eviction, divorce settlement, lawsuits, etc.).

  • Ask questions about the bankruptcy process. Some who file may not understand
    what is expected of them or tend to try and hide important details they
    feel are irrelevant to their case. Discuss steps involved and review how
    your assets can be legal protected. If you are married, you may need to
    review whether a joint filing is necessary.

  • Get clarification on bankruptcy myths and misconceptions. An attorney or
    legal representative who is experienced with laws and regulations related
    to the bankruptcy code will provide you with good advice and easy-to-understand
    information to clear up false information. In this sense, you can make
    an informed decision on whether filing is a good idea.

By | 2017-12-13T02:16:03+00:00 July 11th, 2013|Bankruptcy|Comments Off on Why It’s Important to Have a Bankruptcy Consultation