The bankruptcy process is not one that people enter lightly, yet so many people fail to seek the counsel of an experienced attorney first. With so much on the line, it is important to schedule a bankruptcy consultation with your bankruptcy attorney and that will really a key in the success of your case.
The initial consult with a knowledgeable attorney can help you really understand your financial situation and whether bankruptcy truly is your best option. Make sure you have some basic information readily available for your initial consultation. For example, be ready to give an estimate (ballpark figure) of how much you owe in unsecured debt.
This would be credit cards, personal loans, medical bills, and other debts not attached to a particular item, such as a car or home. Be ready to inform the attorney about student loans, but it is best to keep those balances separate, as the bankruptcy court treats student loans differently. Be ready to tell the lawyer about any real estate that you have an interest in. Come prepared with an estimate of amounts owed and the value of any real estate.
This will assist the attorney in advising you if bankruptcy is in your best interest, as well as helping to decide which chapter of bankruptcy might best suit your needs. Looking up any vehicles on Kelley Blue Book for an estimated value would be a good thing to do. Also, if you bring a list of creditors that have been harassing you, either by phone or other means, we will put a stop to it immediately after being retained. If the harassment continues, the Berkowitz Law Group sues debt collectors for violations of both state and federal debt collection laws.
At the Berkowitz & Myer, we spend a little more time during the initial consultation than some other law firms do. While the meetings do not always take an hour, we book the attorney for a solid hour for each initial visit. Doing a comprehensive review of your financial situation serves a few reasons. We like to cut down on the element of surprise as much as possible. The more we know up front, the quicker and easier the entire bankruptcy experience will go.
We want to determine whether bankruptcy even suits your needs at all. Sometimes just working out settlements with the creditors is the best way to go.
Our attorneys have had great success settling debts. The vast majority of your bankruptcy will be mapped out and planned during that initial consultation with the Berkowitz & Myer.
Come equipped to accurately describe your financial situation and be prepared to hear the best legal options for your particular issues.