Categories: Personal Bankruptcy

Three Things to Discuss with Your Bankruptcy Attorney before You File

Questions to Ask Bankruptcy Lawyer

Bankruptcy can be one of the smartest financial decisions you ever make, but it is important you understand everything you can about the process before committing. Bankruptcy will affect your credit rating. In the case of Chapter 13 bankruptcy, you will be obligated to commit to a repayment plan. To ensure you are making the right decision based on your circumstances, you should speak with a bankruptcy expert about the following:

Whether Bankruptcy is Your Best Option Based on the Pros and Cons and Your Circumstances

Bankruptcy is not right for everyone, so you need to review your situation with an expert. First, you must determine if bankruptcy is even an option. If it is, you’ll need to determine whether it is one of the preferred options. You will also want to discuss the different types of bankruptcy and determine which option is best for you.

Bankruptcy can help some people eliminate debt entirely. For others it is a way to let them catch up on their bills and continue living in their home. On the other hand, bankruptcy has negative aspects, so you should understand all sides of the issue before moving forward.

Where You Begin If You Decide to Go Through with Filing

Bankruptcy is a process and it can be complicated, even for those who are relatively familiar with the details. Understanding what happens at the beginning, middle, and end of a bankruptcy is important. Your initial filing must be accurate and complete, and you must follow through on any commitments you make.

Discuss with your bankruptcy attorney where to begin and what you need to know about each step of the process. List any important meetings or dates in your calendar, and ensure that all of the information the courts require is submitted in a timely fashion.

The Cost of Your Bankruptcy

Bankruptcy is not free, which might seem counterintuitive to your current financial goals. Fortunately, the price you pay for bankruptcy could be enough to save your home from foreclosure and get your financial future back on track. Make sure you understand all of the fees in advance and verify with your attorney there will be no surprise charges along the way. Ask that the fees associated with your bankruptcy be given to you in writing so you can plan accordingly.

To take a closer look at the cost of filing bankruptcy, check out this article from US News and World Report.

The bankruptcy process can be complicated, but an experienced attorney can make things easier. If you are interested in learning more about bankruptcy or you are ready to schedule a consultation, Contact the Law Offices of Robert M. Geller at 813.254.5696.

Recent Posts

What Is Small Business Bankruptcy, and Do You Qualify?

Running a small business in Florida comes with financial risks. When debt becomes unmanageable, bankruptcy…

22 hours ago

Top 10 Bankruptcy Myths You Shouldn’t Believe

Filing for bankruptcy can feel overwhelming, especially with all the misinformation. Many people hesitate to…

1 week ago

Filing for Bankruptcy as a Sole Proprietor: What You Should Know

Running a business as a sole proprietor can be rewarding but comes with financial risks.…

1 week ago

Bankruptcy Doesn’t Define You: A Guide to Moving Forward

Filing for bankruptcy can feel overwhelming, but it doesn’t define who you are. Many people…

2 weeks ago

How to Choose the Best Bankruptcy Lawyer in Tampa

Filing for bankruptcy is a significant decision that can affect your financial future for years.…

3 weeks ago

Success Stories: How Clients Overcame Financial Struggles

Financial struggles can feel overwhelming. Many people face mounting debts, bills they can’t pay, and…

4 weeks ago