What to Expect During a Bankruptcy Consultation in Philadelphia

  • David M. Offen,
  •   Bankruptcy
  •   Comments Off on What to Expect During a Bankruptcy Consultation in Philadelphia

bankruptcy consultation in philadelphiaAre you considering bankruptcy in Philadelphia? If so, it will only be a matter of time before you consult with a qualified bankruptcy attorney.

Despite the fact that this is not something you want to do, you know that consulting with a bankruptcy attorney is a big step. That being said, there is nothing to be nervous about. In fact, you should look at this as the first step towards a more stable financial future.

Here are three things to expect during a bankruptcy consultation in Philadelphia:

1. Plenty of questions. Not only are you going to have questions, but you should be prepared to answer those asked by your attorney.

It is important that you feel comfortable enough to ask questions. At the same time, it is a must that you provide your attorney with accurate answers.

2. A review of your financial situation. Your attorney will want to know why you think bankruptcy is the answer. By reviewing your finances, your attorney will get a better idea of if bankruptcy is the right decision. Along with this, it becomes easier to decide between Chapter 7 and Chapter 13.

3. A recommendation on how to move forward. Once everything is laid out on the table, you can expect your attorney to provide a recommendation for your situation. You may find that bankruptcy is the perfect choice, but don’t be surprised if your attorney has another idea for you to consider.

Tip: it is important to go into your bankruptcy consultation with an open mind. Let your attorney provide you with detailed information and targeted advice, ensuring that you get as much out of the meeting as possible.

Just because you meet with a bankruptcy attorney does not mean you have to file. Instead, this gives you the chance to learn more about the process and whether it is right for you at the present time.

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