If your financial situation has reached such dire proportions that you’re considering filing bankruptcy, the first thing you want to do is speak directly with a Bankruptcy Lawyer VA. The reason why you want to take a meeting with a bankruptcy attorney is so that you can discuss your financial situation and you can also discuss where you want to be in the future, as it pertains to your finances.
The attorney can help you to better determine what the best path is for you. In some cases, the attorney may suggest that you file for bankruptcy. In other cases, there may be other debt relief programs that you can take advantage of rather than having to go through the process of filing for bankruptcy.
If you and your attorney decide that it’s in your best interest to file for bankruptcy, one of the benefits of retaining the services of a bankruptcy lawyer is that they will handle any further communications that you may have with your creditors. Your attorney will inform your creditors of your intention to file a petition for bankruptcy and he or she will also inform the creditors that they are not permitted to contact you until it is time to schedule a 341 meeting with your creditors.
However, the bulk of the work that a bankruptcy attorney will do on your behalf is filing the official petition with the courts for your bankruptcy. One of the reasons why this takes up the most amount of time is that the court filings can be quite extensive. Depending on your particular situation – as well as the specific court that the bankruptcy is filed in – the bankruptcy petition is usually at least 30 pages long, and in some cases, it can be as long as 60 pages.
Few people look forward to filing for bankruptcy, but in some cases, this is the only option that they have left. If you feel that your financial situation has reached this level, it’s best to speak with a Bankruptcy Lawyer VA in order to see what steps you’ll need to take to either help relieve your debt or to move forward in filing for bankruptcy.
