If you make the decision to meet with a Chapter 7 bankruptcy attorney, it is safe to say that you are at least considering the idea of filing. You are not obligated to move forward, but at the very least you will find yourself learning more about the process.
While you can rely on your attorney to provide you with detailed information and advice, there will come a time when you want to ask questions. This is the only way for you to learn more about the process.
Here are some of the questions you may want to ask:
- What is a Chapter 7 bankruptcy discharge and how does it impact my situation?
- Is it possible for me to wipe out all of my debt via Chapter 7 bankruptcy?
- What is the means test?
- Do I qualify to file for Chapter 7 bankruptcy?
- How long does it take for the process to be completed?
- Is now the right time for me to file?
- Can you explain the difference between exempt and non-exempt property?
- What is the cost of filing for Chapter 7 bankruptcy?
The answers to these questions will give you a better overview of Chapter 7 bankruptcy, including whether or not this is the right choice for somebody in your position.
One Question Leads to Another
All of the questions above will likely be followed up with more information and advice. For example, an explanation on exempt and non-exempt property could lead you to discuss your particular situation.
There is no such thing as a bad question. It is likely that you are going through Chapter 7 bankruptcy for the first time, which means you will not have any experience or idea of what to expect. The only way to learn is to ask questions of an experienced professional.
Over the years, we have heard every question imaginable. Our goal is to help our clients better understand Chapter 7, while ensuring that they make all the right decisions regarding their finances.