A bankruptcy petition can be both legally and time-consuming to file. In many circumstances, hiring a bankruptcy lawyer will be your first major choice and time commitment. Choosing a bankruptcy attorney is a two-step procedure: Start by identifying and vetting potential candidates. Complete the mission by interviewing the few candidates who fulfil your requirements and keeping the one who feels the most compatible. After choosing your lawyer, you should have a round of discussions to know about your options, find out more here. The purpose of the initial meeting is to have a better understanding of your financial condition and to begin the process of resolving it. It’s the crucial basis on which you’ll work to construct a secure financial future.
How to Get Ready for a Bankruptcy Meeting
You should gather all pertinent facts and paperwork in advance of your initial consultation with your bankruptcy lawyer. These documents will provide your attorney with a better understanding of your present financial condition and background. You should also be prepared to answer a few questions to establish whether you are eligible for Chapter 13 or Chapter 7 bankruptcy.
What to expect from your bankruptcy attorney
Initial consultation: During the appointment, you may be requested to complete a form that requests some basic financial information. You should have some information ready to fill out this form, or at the very least discuss the case with your attorney. You should also let your lawyer know about the most pressing challenges you’re facing. Your lawyer will then advise you regarding all the available options in this consultation.
Legal Advice: In general, the services that your bankruptcy attorney will give will be outlined in your agreement. It is also your attorney’s responsibility to give you good legal guidance throughout the bankruptcy procedure.
You can expect your lawyer to advise you on whether bankruptcy is in your best interests.
To organize your papers: You must fill out a hefty packet of forms in order to file for bankruptcy. Almost all bankruptcy lawyers use specialist software to create and file your court-mandated bankruptcy papers. You’ll give your lawyer all of your financial information, including your income, expenses, assets, and debts.
Represent you at court hearings: After filing your legal paperwork, your bankruptcy lawyer will represent you at all the court hearings. In most situations, your attorney will be able to tell you about the hearings you may expect to attend before you file your bankruptcy case.