At your initial consultation with a bankruptcy attorney, you likely won't have to bring much. However, if you and the attorney continue to work together, you'll need to provide some documentation about your finances in order to complete to necessary paperwork when filing bankruptcy.
Along with your petition, your bankruptcy filing will include several documents known as schedules that list your assets, income and debts.
The documents listed on this page provide an overview of the type of information an attorney will need. However, each case is unique. Be sure to ask your lawyer what specific documents he or she would like you to bring.
If you aren't sure which type of bankruptcy might be right for you, an attorney can help you decide which might work best under your state's bankruptcy laws.
Typical documents and information taken into account during a Chapter 7 bankruptcy case include:
A bankruptcy lawyer can help you determine which of this property can be included on the schedule of claimed exemptions and protected from liquidation.
A bankruptcy attorney can help you determine which debts belong on the secured schedule and which of your unsecured debts belong on the priority schedule and which on the non-priority schedule.
Co-debtors can be affected by your filing. The impact on a co-debtor is different depending upon whether you file a Chapter 7 bankruptcy or a Chapter 13 bankruptcy. A bankruptcy lawyer can explain how each one affects any joint account holders or co-signers on your accounts.
A bankruptcy lawyer can provide you with the exact legal definition of 'insider' and help you determine whether or not you have made any payments that fall within this classification.
Again, you likely won't need to provide much of this information on your first meeting with an attorney, and some of the documents listed may not apply to you at all.
A bankruptcy lawyer should let you know what information is required of you; however, as you can see, assembling this information can be time consuming and not everyone has all of these bankruptcy records readily available.
If you're considering filing for bankruptcy, try to gather as much of this information as possible before you meet with a bankruptcy attorney.
Not only can it speed up the process, but having this information available when you consult will allow a bankruptcy lawyer to advise you more specifically on the type of filing that's best for you under your particular circumstances.