question to ask attorney when seeking consultation for bankruptcy

8 Questions To Ask A Bankruptcy Attorney At Your Consultation

1. Is filing for bankruptcy a good idea for me? A skilled attorney should be able to recommend one or more specific...
2. What are the pros and cons of filing for bankruptcy? You should hire an attorney who’s able to provide you with a...
3. What percentage of your practice is dedicated to bankruptcy cases,...

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What questions should I Ask my bankruptcy attorney?

8 Questions To Ask A Bankruptcy Attorney At Your Consultation 1. Is filing for bankruptcy a good idea for me? A skilled attorney should be able to recommend one or more specific... 2. What are the pros and cons of filing for bankruptcy? You should hire an …

What is the means test for Chapter 7 bankruptcy?

Apr 19, 2021 · Keep reading for some important questions to ask a bankruptcy attorney at your consultation. Should I File for Bankruptcy? Arguably the most crucial question you should be asking is if bankruptcy is the right debt relief solution for you. Bankruptcy isn’t suitable for everyone and depending on the kind of bankruptcy you file, it can take a ...

Can I choose between Chapter 7 and Chapter 13 bankruptcy?

Your attorney should review your income and review your paystubs at the Initial Consultation to determine whether you qualify for Chapter 7 bankruptcy. If your circumstances may change prior to filing, then timing could be an issue to be considered.

When to ask if a lawyer has a conflict of interest?

Jun 01, 2017 · What should you ask during a consultation with a bankruptcy attorney? Is Bankruptcy Right for Me? This is a complex question and should result in a comprehensive answer that addresses your personal financial situation, the various types of bankruptcy, and what options you have. It’s important for an attorney to not only tell you why bankruptcy might …

What questions should I ask bankruptcy lawyer?

If you're looking for a bankruptcy attorney, getting answers to these five questions will help you make the right choice.Should I file for Chapter 7 or 13?Will I erase all of my debt?Can I keep all of my property?What does the bankruptcy process involve?How much will filing for bankruptcy cost?

What questions should I ask about bankruptcy?

Here are five questions to ask yourself before you start the bankruptcy process.Chapter 7 or Chapter 13? There are two types of personal bankruptcy: Chapter 7 and Chapter 13. ... Can you afford it? ... Will it actually help? ... Can you qualify for bankruptcy? ... Will you be able to live with the effects for years to come?

Should you seek legal advice when filing for bankruptcy?

Individuals can file bankruptcy without an attorney, which is called filing pro se. However, seeking the advice of a qualified attorney is strongly recommended because bankruptcy has long-term financial and legal outcomes.

What questions are asked in Chapter 7?

Common Questions Asked About Chapter 7 BankruptcyWhat is Chapter 7 and how does it work? ... What is a Chapter 7 discharge? ... Who is not eligible for a Chapter 7 discharge? ... Who may file under Chapter 7? ... How much does it cost to file under Chapter 7? ... Where is a Chapter 7 case filed?More items...

What is the means test for Chapter 7?

The bankruptcy means test determines whether you're eligible for Chapter 7 bankruptcy. The bankruptcy means test determines who can file for debt erasure through Chapter 7 bankruptcy. It takes into account your income, expenses and family size to determine whether you have enough disposable income to repay your debts.

What should you not do before filing bankruptcy?

Here are common mistakes you should avoid before filing for bankruptcy.Lying about Your Assets. ... Not Consulting an Attorney. ... Giving Assets (Or Payments) To Family Members. ... Running Up Credit Card Debt. ... Taking on New Debt. ... Raiding The 401(k) ... Transferring Property to Family or Friends. ... Not Doing Your Research.

What are the do's and don'ts of bankruptcy?

Don't take any cash advances. Do not make any major cash advances off of credit cards prior to filing for bankruptcy. A creditor can object to the discharge of debts incurred as cash advances before filing.May 29, 2018

What will I lose if I file bankruptcy?

Filing Chapter 7 bankruptcy wipes out most types of debt, including credit card debt, medical bills, and personal loans. Your obligation to pay these types of unsecured debt is eliminated when the bankruptcy court grants you a bankruptcy discharge.Dec 12, 2021