Speaking to a bankruptcy attorney will help you determine if filing bankruptcy is the right choice for you, and if so, what chapter would benefit your family the most. When you are meeting with your attorney for the first time, it is a good idea to bring as much financial information as possible.
Your lawyer will ask a series of financial questions like:
What type of debt are you behind in?
Is it secured or unsecured debt?
What significant assets do you have?
Does your property secure your debts?
Have any legal actions begun against you?
Answers to these questions will help your attorney give you advice on either a Chapter 7 or a Chapter 13 personal bankruptcy. Choosing the right one to give you the most benefits.
If they are available, providing written documents to the lawyer, such as copies of the bills, late notices, and any legal threats. Also helpful will be account numbers, and addresses of your creditors. If you do not include all of your debt in your paperwork, they will not be eliminated in the discharge, and you will still be responsible for the payment.
If you fail to provide complete and accurate information to your lawyer, significant debts might turn out to be nondischargeable. If a judge thinks you deliberately withheld information, you can be denied your bankruptcy discharge, or you could be charged with criminal fraud.
If you have more questions about what to bring to your lawyer’s meeting, contact a Fort Worth bankruptcy attorney to get more information.