Set an Appointment
Before filing for bankruptcy, the first important step is to set a time to meet with a qualified bankruptcy attorney. Many people choose their lawyer through referrals from friends and family, but it is also possible to find a good lawyer on your own. Whichever route you choose, it is important to be completely honest with the attorney about your financial situation. Even the most qualified attorney cannot help make the situation better if they don't have all the information.
Bring Your Financial Documentation
Before the meeting, gather all the financial paperwork that shows your current situation that you can find. You'll need a number of things for the attorney to get a full picture. Current balances for your savings accounts, checking accounts, credit card debt, and mortgages are all relevant, as well as any other financial statements that can affect your current standing. The lawyer may give you a list of documents to bring for your next meeting.
Be Deliberate in Your Decision-Making
Not all news from your bankruptcy attorney may be good news, so be prepared. Even though you may not like all of the options that the attorney presents, it is important to weigh their recommendations and make a sensible decision about how to proceed. Bankruptcy is not a fun time, but a sensible decision can make life down the road easier. It will take some time to come to the correct decision, so don't rush and allow yourself time to think.
Work with the Bankruptcy Lawyer
Once you decide how to proceed, contact the attorney again to set up another meeting. Be sure to bring all documentation that the lawyer has requested. It is also important to stay in touch with your attorney through the process and keep them up to date with any changes in your financial situation. Make sure to meet all deadlines that your attorney sets for you. If this seems like a bother, it is important to realize that the attorney is the only person in this scenario who is looking out for your best interest. Ignoring the attorney's advice can potentially make the situation worse, or at least limit the lawyer's ability to help you.
The Law Offices of Steven A. Wolvek represent clients in Chapter 7 bankruptcy , Chapter 13 bankruptcy , foreclosure, and lien stripping cases in the San Fernando Valley and through the Los Angeles area, including Los Angeles County, Riverside County, and San Bernadino County.