One of the reasons that people fail to take action in time to save some of their assets is that they are afraid of the bankruptcy process. This fear of filing for bankruptcy is a direct result of simply not knowing what’s involved. To gain a better understanding, you need to learn a bit more about it.
The first step in the process is to schedule an initial consultation with a qualified bankruptcy attorney. Doing this can give you a better idea of your options for filing bankruptcy or possibly avoiding it. The worst mistake you could make is to simply ignore the problem and hope that it will go away. When you schedule your bankruptcy consultation, you can find out what you’re up against. Just because you schedule a visit does not mean that you’ve decided to file bankruptcy.
When you come in to visit with us, we will simply ask you about four key things:
1) What you owe,
2) What you own,
3) What you make, and
4) What you spend.
By getting a snapshot of this information, we can work with you to formulate a plan for dealing with your debt. If bankruptcy is an option, we’ll let you know. If it can be avoided, we can help you to formulate a plan for that as well. The only way you can figure out the right course of action, however, is to make the decision to schedule a bankruptcy consultation.