Filing for bankruptcy often involves endless questions. How do I file for bankruptcy? What type of bankruptcy is best? How do I prepare to meet with a bankruptcy lawyer?
Meeting with your bankruptcy lawyer for the first time can seem intimidating, but Groce & DeArmon, P.C. is here today to tell you that it’s not! Your initial meeting is important, so read on to learn what you need to know to come prepared for a successful meeting.
What You Will Need
To help your bankruptcy lawyer better understand your financial situation, it’s a good idea to bring the following things to your initial consultation.
- Three of your most recent bank statements for all accounts.
- Your most recent credit card statement.
- Your pay stubs and your spouse’s pay stubs, from the last six months.
- Your most recent 401k or retirement statement.
- Tax returns from the past two years.
- A list of household expenses including bills, insurance, daycare, gas, car payments, etc..
- A list of your assets.
- Valid identification.
- Any papers regarding lawsuits that you may have been involved in.
What You Can Expect to Talk About
A consultation with a bankruptcy lawyer is meant to gather a general overview of your bankruptcy case. You may be asked information like why you are filing for bankruptcy and what kind of income and debt you have. It’s important not to be reluctant with your lawyer, they understand what you are going through more than anyone and should be there to help you. It’s also important that you give all of the requested information without holding anything back, a misguided assessment can really hinder your chances at success. That’s why it is a good idea to come prepared with important documents and information.
Things to Consider Before You Meet
Bankruptcy can be both financially and emotionally draining, so before you decide to meet with a bankruptcy lawyer you should consider the following things:
Are You a Good Candidate for Bankruptcy?
A good candidate for bankruptcy is someone who is being sued for debts or is subject to wage garnishment. Familiarize yourself with the qualifications and consequences of Chapter 13 and Chapter 7 bankruptcy to fully understand if bankruptcy is right for you.
Is There a Possible Alternative?
Bankruptcy can be a complicated and expensive process that can impact your credit for up to 10 years. Before you decide to seek bankruptcy help, consider the alternatives, like finding a second job or adjusting your budget.
Free Consultations at Groce & DeArmon
If you have decided that bankruptcy is right for you, consider signing up for a Free Consultation with our trusted bankruptcy lawyers. We offer professional, personal, and friendly services to help make your bankruptcy case as smooth as possible. Visit us online or contact us at (417) 862-3706 today to learn more.