Obviously, we’re big believers in sharing our knowledge via this blog with people who are in need of help. And, while Internet research is great, there are some questions that only your bankruptcy attorney will be able to answer. The bankruptcy process is not a cut and dry process. Factors about you and your individual case will largely determine what the experience is like. If you’re thinking about filing, you’re going to have some questions that only your bankruptcy attorney can answer.
Types of Questions
Questions that you will need to save for your bankruptcy attorney largely center around two main subjects: types of bankruptcy and exemptions.
To use the most general terms, there are two main types of bankruptcy: restructuring (Chapter 13) and liquidating (Chapter 7). Which type you opt for will be determined by the amount of your debt, your income, assets, and expenses. While you can probably make a good guess at which type is best for you by researching online, you really need to talk to a bankruptcy attorney before making the final decision.
Exemptions are the other hot topic. This subject definitely requires the assistance of a bankruptcy attorney. You want to make sure you get all of the exemptions you possibly can. In order to do so, you will need to practice full transparency with your bankruptcy attorney!