Things To Keep In Mind Before Meeting A Bankruptcy Attorney

Posted by changandcarlin on September 23rd, 2013

An important step before filing for Chapter 7 bankruptcy Chicago is consulting with a good bankruptcy attorney. It's important to discuss all your apprehensions with a bankruptcy attorney and get a clearer picture of the potential realties of your financial situation. A free consultation will clear up any misconceptions you may have, and it will illuminate what you should get working on right away. Here are a few things you should keep in mind before meeting a bankruptcy attorney.

Documents you will need
• Tax returns (federal and state) for prior three years.
• Pay stubs for last six months for you and your spouse, if applicable, or some indicator of income, such as W-2 or 1099 forms, financial statements, etc. Documentation of a spouse's income is needed, even if they are not filing a joint bankruptcy case.
• Listing of monthly expenses that are detailed, accurate, and complete.
• Inventory of all of your possessions with a valuation for each item based on auction value. It is advisable to use categories such as secured property, titled property, real property, personal property, intangible property, and high-value property. If you have a little confusion in your mind regarding secured and unsecured property, you can ask a Bankruptcy Attorney in Chicago.
• Accurate and current statement reflecting all accounts with balances and latest balances for each account.
• Valid driver's license or state identification card.

Information you need to give
• Don’t fail to tell your attorney about your small business, sole proprietorship, partnership, LLC, LLP, LC, corporation, or hobby.
• Don’t omit or “save" a credit card for after your bankruptcy.
• Don’t hide from your attorney. Keep her up-to date with your address, phone number and email address.
• Complete and detailed listing of all debts, regardless of how small, and amounts estimated for each debt, capturing at least amount owed, creditor owed, minimum payment, interest rate, and creditor's address.
• Don’t forget to tell your attorney about liens or unpaid judgments you may have on your home so the liens can be avoided.
• Judgment paperwork for any judgment entered against you.
• Any inheritance or insurance benefits resulting from someone’s death which you are entitled to receive within six (6) months from the date of filing will be property of your bankruptcy estate.
• Failure to attend your creditor’s hearing or other court hearing may result in the Court denying your discharge or dismissing your case.
• If you owe child support, alimony, or maintenance, failure to make these payments on time during your bankruptcy will result in your case being dismissed.

When filing for Chapter 7 or 13 bankruptcies, giving maximum possible details to your bankruptcy attorney Chicago is very important as this would help your attorney represent your case better. Chang and Carlin, LLP, a leading law firm in Illinois provides effective legal consulting services in matters related to filing bankruptcy, real estate transactions, and tax and IRS related issues.

To book your appointment or for more information about Chapter 13 and Chapter 7 Bankruptcy in Chicago, contact Chang and Carlin at 1-866-790-8601 or Request a Free No Obligation Bankruptcy Filing Consultation Today.

Disclaimer: The content provided by Chang and Carlin, LLP is not legal advice and is purely for informational purposes. The information contained herein is not a substitute for the advice of an attorney and does not create an attorney-client relationship. If you are interested in obtaining information about Chapter 7 Bankruptcy, Chapter 13 Bankruptcy, Foreclosure services, or Real Estate legal services, call our law firm at 1-866-790-8601 for a Free Legal Evaluation. Chang and Carlin, LLP serves clients in Chicago, Schaumburg, Joliet, and Warrenville.

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changandcarlin
Joined: May 21st, 2013
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