By: Crystal H. Thornton-Illar, Esq.
Many people are nervous or embarrassed at the prospect of meeting with a bankruptcy attorney to discuss personal bankruptcy. For many people, the mere thought of bankruptcy can elicit more than a few emotions. Bankruptcy lawyers understand that this is a difficult and emotional time. They also understand that most bankruptcies are caused by circumstances beyond your control such as job loss or major medical issues. Bankruptcy lawyers do not blame or judge their clients. Instead, they work with them to find a solution to their financial problems, whether that is bankruptcy or another solution such as credit counseling or debt settlement.
What Should You Expect at a Bankruptcy Consultation?
Most initial bankruptcy consultations last approximately 40-60 minutes. The bankruptcy attorney will ask you various questions about your assets, your debt, and your income. While these questions may seem extremely personal, a bankruptcy lawyer cannot evaluate your situation without a complete financial picture. Therefore, you should openly and honestly answer the bankruptcy lawyer’s questions.
During the consultation, the bankruptcy attorney will analyze your situation and determine if bankruptcy is an option for you. If bankruptcy is an option, the bankruptcy lawyer will explain the bankruptcy process and may determine which chapter of bankruptcy is the best choice for your situation. Finally, the bankruptcy lawyer will provide you with an estimated cost of bankruptcy and explain the next steps for proceeding with a bankruptcy.
How Should You Prepare for the Bankruptcy Consultation?
The more accurate the information provided to the bankruptcy attorney, the more accurate the assessment of your options. Bankruptcy lawyers generally do not want you to bring all your bills to this initial consultation, but it is helpful if you have a general idea of your assets and their value, your debts, and your income. Many people bring a list or spreadsheet that includes this information.
If you have been sued, you should bring a copy of all of the legal documents you have received.
Finally, it is a good idea to write down any questions you have about the bankruptcy process or your particular circumstances. During the consultation, you may get sidetracked and forget to ask.
How to Contact a Bankruptcy Lawyer
Meeting with a bankruptcy lawyer does not mean you will file bankruptcy. Whatever the problem, it is always a good idea to research and review all of your options so that you can make the best decision for your situation. Personal financial issues are no different. The bankruptcy lawyers at Leech Tishman are happy to assist you in obtaining that information and evaluating your individual circumstances. We offer a free initial bankruptcy consultation.
If you want more information about bankruptcy or would like to schedule a free initial consultation, please give us a call at 412.261.1600.