Dealing with bankruptcy can put you under a ton of strain. Finding a bankruptcy lawyer to offer their professional guidance can be a huge help when navigating this unfamiliar process. These top tips from an experienced bankruptcy attorney can help you avoid mistakes and set you up for success in salvaging your financial situation.
First, be prepared to fill out a number of documents to help the lawyer understand your case.
This is a standard part of an initial consultation that many firms offer as a complementary service. The next tip is for homeowners. If you wish to keep your home, continue making all mortgage payments. Failure to do so could put you at risk of losing your home. Similarly, continue making all car payments. If you do not complete your payments, a car lender has the right to repossess your vehicle without notice.
An additional tip is to be sure to file your tax returns. Regardless of which type of bankruptcy you plan on filing, it’s necessary to know what kind of taxes you owe, even if you have not paid them. This is especially important if you own a business. Lastly, be sure to report all assets you own to your attorney.