what should i bring to my consultation for a bankruptcy lawyer

by Donavon Reilly 10 min read

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.Oct 22, 2021

How do I prepare for a bankruptcy meeting?

0:195:35Bankruptcy Meeting of Creditors Preparation - YouTubeYouTubeStart of suggested clipEnd of suggested clipFirst it's really important to bring a photo ID. So a driver's license or passport.MoreFirst it's really important to bring a photo ID. So a driver's license or passport.

How much is a bankruptcy lawyer in Mass?

Average Cost of a Massachusetts Bankruptcy Attorney In Massachusetts, bankruptcy lawyers, on average, charge between $1,000 and $1,700 to handle a consumer bankruptcy case.Dec 14, 2020

What happens when you claim bankruptcy in Massachusetts?

After completion of payments under your plan, most debts are discharged. Debts such as alimony and child support payments and certain long-term secured obligations are never discharged.Jan 19, 2022

How much does a bankruptcy Chapter 7 cost in Massachusetts?

$335$335 for Chapter 7 bankruptcy. You can ask to waive the fee if your income is lower than 150% of the federal poverty guidelines and you cannot afford the fee or you can ask to pay it in 4 smaller payments called installments.

What is the most important thing to do when filing for bankruptcy?

The last point is especially important. For the most effective bankruptcy filing, it is crucial that you are completely transparent with your attorney. Make sure you take note of any questions, legal inquiries, or laws that you may wish to address with your attorney.

What to do if you can't find a bankruptcy document?

If you can’t find a document that you think you need for your bankruptcy or if you forgot to bring a document to a meeting with your lawyer, you should tell your attorney as soon as possible, so that they can take note and take the appropriate action to help you.

Why is bankruptcy considered the most document intensive?

This is because whether a bankruptcy is recognized by the courts is based on the value of the debtors assets compared to the amount of debt owed to other creditors.

Why is it important to have a bankruptcy attorney?

Because filing for bankruptcy is a complex legal claim, finding the right bank ruptcy attorney is important. A bankruptcy attorney will help you decide whether or not to file for bankruptcy, and what type of bankruptcy you should file. Additionally, if you decide to file, an attorney can help ensure that your property is protected, ...

How long does it take to file for bankruptcy?

In total, most bankruptcies take around 4 to 6 months.

Why do people declare bankruptcy?

Declaring bankruptcy gives individuals or businesses that are unable to pay their debts a better way to solve their financial problems. It can also help them start rebuilding their credit and lives in a more positive and financially stable way.

What happens when you file for bankruptcy?

That way, when you complete your bankruptcy, you will be on the right path to financial recovery.

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.

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.

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 should you bring to your bankruptcy consultation?

Every lawyer is different, but Walker & Walker Law Offices tries to keep things simple for potential clients.

What should you know before your bankruptcy consultation?

The whole purpose of the bankruptcy consultation is to learn whether or not it would be a good idea for you to to file Chapter 7 Bankruptcy or Chapter 13 Bankruptcy.

What else do you need to know?

We have to ask lots of questions and know lots of information to make a bankruptcy work.

CONCLUSION

If you are in Minnesota and have too much debt, Why not call us at (612) 824-4357 and let us figure out together whether it would be a good idea to file bankruptcy or not.

How to know if you filed bankruptcy?

If you filed for bankruptcy in the past eight (8) years, you should have information about that previous bankruptcy case ready for your consultation with a bankruptcy attorney. First the bankruptcy attorney will need to know the date your previous case was filed. Second, the attorney will need to know which chapter the case was filed under – was it a chapter 7, chapter 11, chapter 12 or chapter 13? Third, the attorney will need to know which state the case was filed in. Fourth, the attorney will need to know what the disposition of the case was – did you receive a discharge or was the case dismissed? If you have filed more than one previous bankruptcy in the past eight (8) years, do your best to get all these details for each case.

Why do bankruptcy attorneys use credit reports?

Bankruptcy attorneys do this for two reasons: 1) the credit report is generally a complete and accurate list of all the debts you owe, and will provide other valuable information, like whether any accounts have a co-borrower; and 2) the electronic copy of that credit report can be used with bankruptcy petition software to import that information. This will save your attorney time and reduce the chance of mistakes in reporting creditor names or addresses in your bankruptcy petition.

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