Bankruptcy Lawyer | 3 Things to Do Before Filing for Bankruptcy
Bankruptcy Lawyer . If you’re thinking about filing for bankruptcy, you might not know where to start. The process seems scary at first and at the end of the day, it’s a legal proceeding.
That means that there will be many things to think about and many things to learn before you take the plunge.
If you’re contemplating filing for bankruptcy, here are three steps you should take immediately:
Learn about bankruptcy. There are many types of bankruptcy out there. For individuals, the more common types of bankruptcies are filed under Chapter 7 and Chapter 13 of the bankruptcy code. The key difference between the two is in the end result. They both absolve you of many of your debts and give you a clean slate. But one is a reorganization of your debt while another is a straight-up liquidation of your assets. Read up on bankruptcy and learn more through online tools and resources.
Look at your finances. Take a step back and look at your finances. Make a budget and keep a close eye on your expenses and your income. For a Chapter 7 filing, your income has to fall within the applicable threshold in order for you to file bankruptcy. For a Chapter 13 bankruptcy, you’ll have to come up with a payment plan to repay your creditors. So an idea of who your creditors are and how much you owe is a starting point.
Talk to a bankruptcy lawyer. Bankruptcies are complicated, and you’ll almost certainly need professional legal help. Bankruptcy is tough and nobody wants to go through it alone. It’s good to know that there are resources out there to help and guide you along the way.
Call attorney David Pinkston, bankruptcy lawyer, for a free consultation today: (904) 389-5880. If you are thinking about #bankruptcy, #chapter13bankruptcy or #foreclosure in the Jacksonville, Florida area, you should call attorney David Pinkston. David is very experienced with all aspects of bankruptcy law yet very personable and easy to talk to. Call Us Today! (904) 389-5880