Many people find it difficult to call a bankruptcy attorney because they have read and heard the many myths about bankruptcy such as they will lose everything they own if they file bankruptcy and they will never be able to own anything again because their credit will be ruined forever. It is only natural that scheduling a bankruptcy consultation might cause a little anxiety. However, after dealing with aggressive debt collectors and facing the possibility of lawsuits, foreclosures and repossessions, many people feel relieved once they have scheduled a bankruptcy consultation because they know that they are taking a positive step toward resolving their debt problems.
The Typical Bankruptcy Consultation
After scheduling a bankruptcy consultation, most people then begin to wonder what will happen during the consultation. Most bankruptcy consultation last between 30 to 60 minutes. During that time, the bankruptcy attorney discusses your financial situation including your current income, expenses, assets and debts. It is very helpful if you bring your most recent paystub, last year’s tax return, a list of your debts and the current values of your major assets (i.e. home, car, bank balances, etc.).
The bankruptcy consultation is not used to “steer” you toward filing bankruptcy because bankruptcy may not be the best alternative to resolve your financial problems. The bankruptcy consultation is used to discover what led you to be in your current financial situation as well as gain valuable information about your financial history and current situation in order to determine the best solution for you. This can only be done by learning about your unique situation. To do this, the bankruptcy attorney will review the information you bring with you to the meeting as well as ask you a series of questions. The questions are about your finances and are easy for you to answer.
By the end of the bankruptcy consultation, the attorney will be able to give you advice about bankruptcy options in addition to non-bankruptcy options, if available. He will also tell you the costs of filing bankruptcy, the benefits of filing bankruptcy and answer your questions about the bankruptcy process.
Be Honest During Your Bankruptcy Consultation
It is very important for you to be completely honest when answering questions during the bankruptcy consultation. If you are dishonest with your attorney, he will not be able to help protect your assets from your creditors and the court. Your attorney is not going to judge you because of your financial decisions. He is here to help you find an affordable solution that will protect your assets while giving you a fresh start to recover and rebuild after a financial crisis. In order to get the best advice for your situation, be completely honest with your attorney.
Contact an Experienced Mount Holly Bankruptcy Attorney
Personal Approach, Professional Service, Affordable Payment Plans
The Law Office of Travis J. Richards, LLC is a full-service Mount Holly bankruptcy law firm focused on Chapter 7 Bankruptcy, Chapter 13 Bankruptcy, debt consolidation, credit repair, tax liens, student loans and foreclosure. We represent clients in Burlington County and throughout South Jersey.
Contact our office at 609-267-5297 to schedule your free consultation to discuss bankruptcy and non-bankruptcy alternatives. You may also use our convenient online contact form and one of our friendly, professional staff members will contact you to answer your bankruptcy questions and/or schedule a free consultation with Travis J. Richards.
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