If you need to go through bankruptcy, you are going to want to hire a bankruptcy attorney. A bankruptcy attorney will help you with the legal process of going through a bankruptcy and all the legal tasks associated with it.
The first thing that happens when you hire a bankruptcy attorney is they will meet with you for a consultation. During this meeting, and perhaps another meeting if necessary, the attorney will review your financial situation and make sure that moving forward with bankruptcy is the best legal recourse for your particular situation. The initial consultation is often free of charge.
Prepare the Bankruptcy Petition
If the attorney, after reviewing your financial situation, decides that bankruptcy is a good solution for you, your attorney will then help you prepare a bankruptcy petition. They will help you gather up all the necessary paperwork for your bankruptcy petition, and put together the legal paperwork that will need to be filed in court.
Review the Bankruptcy Petition
Before your attorney files the bankruptcy petition, they will sit down with you and take the time to review the petition. During this review process, they will work with you to ensure that all the information is accurate and valid and that nothing was left out. This is a really important part of the bankruptcy process because you want to make sure that everything is right before filing your petition with the courts.
File the Paperwork
Once you are both pleased with the bankruptcy petition, your attorney will file the paperwork with the courts. They will pay the court filing fee and get your bankruptcy in motion.
Attend a Creditor Meeting
After your bankruptcy petition has been filed, there will be a meeting of your creditors. The meeting of your creditors is officially known as a 341 meeting; with a 341 meeting, your attorney will work with your creditors to come up with a solution to your debt. After the initial meeting, your attorney will continue to work and follow through with your creditors; they will stop any collection efforts any creditors try to take after you file for bankruptcy.
If you need to file for bankruptcy, you are going to want to hire an attorney to help you with the process. An attorney will make sure that bankruptcy is right for you. If it is, they will work with you to file the bankruptcy petition, and will then meet and work with your creditors as you go through the bankruptcy process. For more information, contact your local bankruptcy lawyer services today.
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