Preparing for Your Meeting with a Bankruptcy Attorney

If you are considering consumer bankruptcy, it is important to make an appointment with an Oak Park bankruptcy attorney who can assess your situation and can provide you with more information about your eligibility for different types of bankruptcy. Given the complexity of U.S. bankruptcy law, it is essential to have a lawyer on your side throughout your case. Yet it is also important to gain more knowledge about the process and the specifics of your case. As such, it is important to know what questions you have about your bankruptcy case and to plan in advance to discuss those questions and any concerns you have with a bankruptcy lawyer. What questions or issues should you plan to discuss when you meet with a bankruptcy attorney about your case? We have a list of questions for you to consider.

Am I Eligible for Chapter 7 or Chapter 13 Bankruptcy?

You should plan to find out immediately about your eligibility for Chapter 7 or Chapter 13 bankruptcy. Depending upon your particular financial circumstances, you should ask your attorney to provide you with more information about your ability to pass the “means test” in order to file for Chapter 7 bankruptcy, or whether you qualify for Chapter 13 bankruptcy. Your lawyer can assess your financial circumstances to explain eligibility for these common types of consumer bankruptcy.

Which Assets of Mine Will be Exempt?

You should plan to learn more from your bankruptcy attorney about Illinois exemptions and which of your assets will be exempt in your bankruptcy case. If you file for Chapter 7 bankruptcy, your exempt assets will not be liquidated in the case. If you file for Chapter 13 bankruptcy, exempt assets will not need to be considered in your repayment plan.

How Long Will the Bankruptcy Process Take?

It will be important to find out more about how long your lawyer anticipates that your bankruptcy will take. Generally speaking, Chapter 7 bankruptcy cases are much quicker than Chapter 13 bankruptcy cases. Chapter 7 cases take months, usually, while Chapter 13 cases take years until completion.

What Should I Do if I Have a Cosigner on One or More of My Debts?

If any of your debt has a cosigner attached, you should inquire about reaffirming debts or making other plans so that your cosigner is not unfairly responsible for certain debts.

What Steps Do I Need to Take Right Now?

Finally, you should be sure to find out from your lawyer about the steps you need to take immediately in order to prepare for your bankruptcy case. You may need to gather various financial documents, locate required online financial course options, and other steps to get ready for your case to begin.

Contact an Experienced Oak Park Bankruptcy Attorney

When you are considering bankruptcy, it is essential to seek advice from one of our experienced Oak Park bankruptcy lawyers who can help. Do not hesitate to get in touch with our firm to learn more about how we can assist you and provide you with more information about consumer bankruptcy. Contact the Emerson Law Firm to learn more about our services.


See Related Blog Posts:

Options for Keeping Your House in a Bankruptcy Case

Bankruptcy and Divorce: Which Should Come First?

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