Why It’s Important to Have a Bankruptcy Consultation

July 11th, 2013 by Reed Allmand

Dealing with Divorce during Chapter 13 Bankruptcy

When considering bankruptcy as an option to get you the financial relief you are seeking, taking the time to consult with a bankruptcy expert can make a big difference in how you proceed in choosing the best solution.  This is the perfect opportunity to gain clarity about the process and whether it is the best solution for your situation.  It is also the perfect time to ask questions and get answers about what you can expect should you decide to file.  The following points are additional reasons to consider a consultation.

  • Most bankruptcy consultations include a one-on-one analysis of your unique situation with a bankruptcy attorney.  Consultations offered are often free; plan to discuss your situation for about an hour.  This process can help you in selecting the right attorney to handle your situation.  You may be asked to bring documentation pertaining to your finances such as income records, bills, a list of your debts, estimated values of personal property and assets, and even legal documents you may have received (foreclosure notice, eviction, divorce settlement, lawsuits, etc.).

  • Ask questions about the bankruptcy process.  Some who file may not understand what is expected of them or tend to try and hide important details they feel are irrelevant to their case.  Discuss steps involved and review how your assets can be legal protected.  If you are married, you may need to review whether a joint filing is necessary.

  • Get clarification on bankruptcy myths and misconceptions.  An attorney or legal representative who is experienced with laws and regulations related to the bankruptcy code will provide you with good advice and easy-to-understand information to clear up false information.  In this sense, you can make an informed decision on whether filing is a good idea.

Reference: http://www.robicsek.com/id42.html

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About Reed Allmand

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Allmand's vision is rooted in his own financially precarious childhood in Abilene "My father always had difficulty holding a job and supporting our family, so after my parents divorced when I was 12, my sister and I got jobs to help make ends meet," he recalls. "I remember what it felt like as a child to worry that our car would be repossessed or home foreclosed on."

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Why do I need to submit a new wage order when I modify my plan

When we modify your bankruptcy plan we are changing your plan payments. This means that we have to get with your employer and change the terms and amount of your wage order. The only way we can do that is by filling out a new wage order form.  

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If the bankruptcy stay terminates on your home that means that even though your in bankruptcy, your creditor can pursue all there legal remedies they can pursue if you were not in bankruptcy. This includes foreclosure, and having your house sold and evicting you from your house.

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