Bankruptcy is a complicated process with various rules for a range of situations. As a result, it is a good idea to consult with a lawyer. A bankruptcy lawyer can help you figure out if you have options other than bankruptcy. If bankruptcy is the best option for you, an attorney can help you figure out which Chapter is appropriate to file under for your situation.
It is important to be prepared for your initial bankruptcy consultation to efficiently move forward with your case. The attorney will need to know whether you have filed for bankruptcy before, and if so, under which Chapter did you file for bankruptcy before?
The attorney will need to know your assets and debts. Prepare a list of all real estate you own, if any, as well as any motor vehicles. If you have motor vehicle loans, be prepared to tell the attorney how much you owe on your motor vehicle. The attorney will also want to know your total monthly income.
Provide an estimate of your total debt. Remember to include personal loans, student loans, taxes, credit cards, mortgages, and car loans. Also remember to tell the attorney about any other payment obligations you may have including child support payments, maintenance, or spousal support payments. Even if you make these payments voluntarily and have not been ordered to do so by a court, be sure to tell the interviewer about these payments because it is still an expenditure.
If you have signed a debt or loan for someone so that you are a guarantor, make sure to include this as a debt obligation.
Although every single question asked may not have to be answered at the stage of the initial consultation, it is important to give the lawyer as much information as possible. The more information the attorney has, the better the lawyer can assess your case and efficiently advise you on the best course of action for your situation.