Consider this article required reading if you are contemplating filing in the near future. We've compiled a list of bankruptcy fundamentals you must know before filing. With this information, you can communicate with your bankruptcy attorney in a more informed manner, resulting in even superior service!
Basics of Bankruptcy: Before You File
Prepare a list of questions you would like to ask your bankruptcy attorney before your first consultation. This is your opportunity to ask any questions that have been percolating in your mind. You can also ask specific questions about the bankruptcy attorney you'll be hiring and the firm you'll be working with, in addition to inquiries about the bankruptcy procedure itself.
Here are some questions to consider:
Is bankruptcy my best option?
What additional debt solutions am I able to consider?
What level of expertise will my bankruptcy attorney offer to the table?
How does your company price its services?
Do you guarantee the outcome of my case? Why then should I employ you?
What is your winning percentage?
Can you provide references from previous consumers who have utilized your legal services?
What assets will I retain following bankruptcy?
What will you do to safeguard me against creditors?
These are merely a few introductory inquiries. There's a good chance that you have additional questions you'd like to pose!
Fundamentals of Bankruptcy: Important Considerations
In addition, we have a few principles that we consider to be fundamental knowledge. Even if you're just considering filing for bankruptcy, immediately cease using credit. This is not just our personal advice on money management...
Any credit used within the 90 days preceding your bankruptcy petition will not be discharged. Though you may believe bankruptcy releases you (and in most cases, it does), this credit card debt will remain. Do not use credit within 90 days of declaring bankruptcy!
Additionally, it is essential to avoid making purchases that a court could deem frivolous or unnecessary. These debts will not be discharged in the bankruptcy proceeding.""
" - https://www.affordablecebu.com/
