Prepare for Your Bankruptcy With Confidence
If you have decided to file for bankruptcy there are several things that you can do to get ready for bankruptcy that will make the process smoother and more efficient. Once you come to our firm, we will assess your financial situation and help you make responsible decisions about filing for bankruptcy. This includes decisions about which type of bankruptcy to file and any debts you may want to reaffirm, among others.
At the Law Office of Daniel R. Whitmore, we can help you understand how to get ready for bankruptcy and what is likely to happen to your life and your credit after you have filed for bankruptcy protection. We can also guide you through the process and make sure that if you file, it is done in a manner that avoids any potential problems down the road and discharges your debt successfully, giving you the fresh start that you deserve.
How to Get Ready to File for Bankruptcy
There are many steps that our firm advises clients to take before filing for bankruptcy. These steps will help educate them about what will happen after they file and what choices they may need to make in the foreseeable future. These steps include:
- Outlining all assets, including any non-exempt assets, that you own. Depending on your assets, it may be favorable for you to file Chapter 13 bankruptcy instead of Chapter 7 bankruptcy.
- Evaluating your income. People wishing to file for Chapter 7 bankruptcy, which takes into account employment income, must qualify under the means test. If your income is too high, you may not be eligible for Chapter 7 bankruptcy.
- Thinking about co-debtors and how filing for bankruptcy may affect their standing. If you have a loan with a co-debtor and you file for Chapter 7 bankruptcy, that person will become solely responsible for the debt.
- Compiling your financial records, including pay stubs, credit card and loan statements, tax returns, and any letters from creditors or collection agencies outlining what you owe and any payments that you may have made.
Consult With an Attorney to Learn More Information
After taking these steps, talk with a Seattle, Washington, lawyer about which method of filing is the most appropriate for your situation. Our firm will help you prepare for bankruptcy court and educate you about life after bankruptcy. Contact the Law Office of Daniel R. Whitmore to schedule a free initial consultation at 866-467-5841 and get the help you need to be successful.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
