If your bankruptcy is business bankruptcy, you may need to bring additional documentation, including company balance sheets, budget reports, financial statements, and a list of company property; Any other financial information that you feel may be relevant to your bankruptcy;
What Should I Bring When Meeting With a Bankruptcy Lawyer?
- All financial documents, including bank account statements, receipts for major purchases, wage statements, and tax returns;
- A list of your creditors that you owe money, and their contact information, account numbers, and how much money you owe each one;
What should I bring to my first meeting with a bankruptcy lawyer?
Oct 23, 2012 · If your bankruptcy is business bankruptcy, you may need to bring additional documentation, including company balance sheets, budget reports, financial statements, and a list of company property; Any other financial information that you feel may be …
What documents do I need to bring to my bankruptcy appointment?
Jan 10, 2022 · What Should I Bring to My First Meeting with My Bankruptcy Attorney? Posted on January 10, 2022 by Accel Admin When beginning the bankruptcy process, you will want to make sure you are equipped with the necessary documents to provide your experienced Newburgh bankruptcy lawyer with the information they need to best serve you.
When should I meet with my bankruptcy attorney?
Find out more about the different types of bankruptcy: Personal bankruptcy. Chapter 7 bankruptcy; Chapter 13 bankruptcy; Business bankruptcy. Chapter 11 business bankruptcy; To schedule your initial consultation and begin the process of planning for your future, contact a lawyer from our firm today. Call 800-759-0767.
What should I do after my first bankruptcy consultation?
Although this is not a complete list of what’s needed should you choose to pursue bankruptcy, it serves as a starting place to help us make an initial analysis of how we can provide the help you need. ... Business Bankruptcy Consumer Bankruptcy Farm Bankruptcy Wills & Estates Business Law Municipality Law Personal Injury Collections. Legal ...
What paperwork do you need for Chapter 7?
Documents You'll Need to Complete Chapter 7 Forms tax returns (the last two years) current investment and retirement statements. current mortgage and car loan statements. home and car valuations (printouts from online sources work)
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. ... Misunderstandings of the law or making mistakes in the process can affect your rights.
What is the downside of filing for bankruptcy?
Filing for bankruptcy can negatively impact your immediate financial future. ... Obtaining credit after filing for bankruptcy could mean increased interest rates. Obtaining credit after filing for bankruptcy might require security deposits.
What do you lose when you 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
Can you file bankruptcy if you make too much money?
The bankruptcy code says if you make too much money, you might have disposable income available at the end of each month to pay something to your general unsecured creditors. That is one reason you may be ineligible for relief under Chapter 7 and may only be able to seek relief under Chapter 13.
What are the three things that a bankruptcy attorney will likely spend the least amount of time discussing?
Oddly enough, of the three things, assets, debts , and income, your bankruptcy attorney will likely spend the least amount of time discussing your debts . At this stage, the character or type of each debt is more important than the balances. The bankruptcy code sorts debts into three broad categories: secured debts , priority unsecured debts , and general unsecured debts.
Do unsecured creditors matter in Chapter 7?
Speaking of general unsecured creditors, the amounts generally do not matter because, with certain exceptions, they will all be eliminated under Chapter 7 bankruptcy. The amount you may be required to pay back in a Chapter 13 is more often determined by your income rather than the amount of debt you have.
What is secured debt?
Secured debts are those that have a piece of property attached to them as collateral . If you default on those debts, the creditor not only has the right to enforce the debt against you, personally, but may also have the right to enforce the debt against a piece of property, like a house or a car.
What is priority unsecured debt?
Priority unsecured debts are those that do not have a piece of property attached to them (like a secured debt), but which will not be discharged or eliminated in a bankruptcy. These include certain tax debts and child support arrears.
What do bankruptcy attorneys do?
Your bankruptcy attorney is going to do most of the work; that’s why you hire them. But by taking steps to prepare information about your assets, debts, and income before your first meeting , you’ll likely have a productive first meeting with your attorney and lay the foundation for excellent representation.
What information do I need to file for bankruptcy?
One of the most important pieces of information to bring to a bankruptcy consultation is identification. It is also important to confirm your social security number, so bring your Social Security card with you.
Do you have to file income tax before filing bankruptcy?
It is critical to make sure to bring the past two years of income tax returns to a bankruptcy meeting. If you have not filed any tax returns during this time, you will almost always be required to file these tax returns before you can initiate the bankruptcy process.
What is bankruptcy in the US?
Often times, bankruptcy is the result of personal loans that a person is unable to pay off. As a result, in addition to presenting your bankruptcy attorney with details about your daily living costs, it is also a wise idea to bring documentation for various debts that you might have accrued including credit cards, medical bills, and other personal loans.
Bankruptcy Consultation Documents: What to Bring to Your First Meeting with Your Lawyer
The most important, mandatory documents to bring to your initial bankruptcy consultation are a list of your outstanding debts and a list of your assets, focusing on major assets, such as houses, cars, boats, trailers, timeshares and the like.
Contact a Bankruptcy Attorney Today for a Free Consultation
If you are thinking of filing for bankruptcy, you are not alone. Lawyers can help you decided whether or not you even need to file a bankruptcy, but if you do, they’ll let you know which chapter would be most appropriate.
Free Consultation with Bankruptcy Lawyer
If you have a bankruptcy question, or need to file a bankruptcy case, call Ascent Law now at (801) 676-5506. Attorneys in our office have filed over a thousand cases. We can help you now. Come in or call in for your free initial consultation.
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