What to Expect at Your Consultation with a Bankruptcy Attorney

Bankruptcy is an option many Americans explore to help them get rid of insurmountable debt. If you are embarrassed or nervous about meeting with an Indiana bankruptcy lawyer, you’re not alone. Many people feel these and similar emotions. Keep in mind that bankruptcy attorneys know that you are facing some difficulties in life. They understand that you may be emotional for many reasons. It’s not their job to blame, judge, or nit-pick at what you could have done better to keep you out of the situation you are in. 

Rather, they work with their clients to find workable solutions to that problem, even if the answer isn’t to file bankruptcy. The first step in determining if bankruptcy might be right for you is to schedule a consultation with an experienced lawyer. Here’s what you can expect when you meet with a bankruptcy attorney.

Your Bankruptcy Consultation

Your initial consultation with an experienced Indiana bankruptcy attorney typically lasts about 40 to 60 minutes. The attorney will ask many questions about your income, assets, and debt. Due to the nature of a bankruptcy filing, these questions are personal but necessary. Answer the attorney’s questions as thoroughly, openly, and honestly as possible so that they can make an accurate assessment of your circumstances and what solutions might be right for you. If bankruptcy is the best option for you, the attorney will explain which chapter you should file and why. They will also provide you with a fee schedule and the next steps in the bankruptcy process.

Preparing for Your Consult with an Indiana Bankruptcy Lawyer

You’ll get the most out of your consult if you go prepared. The more accurate information you can give your Indiana bankruptcy attorney, the better they will be able to understand and assess your situation. Don’t bring all your bills and financial documents to your meeting. However, you want to have a good idea of your assets and their value, as well as your income and debts. It might be helpful to create a spreadsheet with this information while reviewing your documents and accounts to bring with you.

If someone is suing you, be sure to bring a copy of all legal documents you have regarding the matter. Likewise, if you have any documents regarding foreclosure on your home or repossession of a vehicle or other property, bring that to show to the attorney. 

You likely have many questions about bankruptcy and whether it’s the right option for you or not. It’s a good idea to write these down before you go so you don’t get caught off guard and forget to ask. You may also want to jot down the answers to your questions so you can refer to those later.

Schedule a Consultation with an Experienced Indiana Bankruptcy Lawyer Today

Sitting down with a bankruptcy lawyer to discuss your financial and legal circumstances doesn’t necessarily mean you will file bankruptcy. It means you are gathering information to make an informed and educated decision. Whatever issues you face in life, it’s always wise to research and understand all of your options. This way, you can take the proper steps for your individual situation. The bankruptcy lawyers at Whitten & Whitten offer a free initial bankruptcy consultation with a skilled Indiana bankruptcy attorney. Contact us today to schedule yours and learn more about your financial and legal options.