Often, when a bankruptcy lawyer meets with potential Centennial clients during their initial consultation meeting, people considering bankruptcy are overwhelmed by their financial situation. While it is my job to discuss how bankruptcy law can help relieve some of this burden, it’s important that you make the most out of the meeting by asking the right questions. Below is a list of questions you should ask when meeting with a bankruptcy attorney for the first time, to make sure you have all the information you need. Everyone should make an informed decision about who to hire to help them reach financial freedom.
4 Questions to Ask an Aurora Bankruptcy Attorney
1. What are the requirements to file for bankruptcy?
This is not a simple question. It is not just a matter of whether you have debt and if it can be discharged. There are many other factors at play. Maybe you have previously filed a bankruptcy and it’s too soon to file another. Or perhaps a Chapter 7 bankruptcy is not a possibility because you do not pass the means test, but a Chapter 13 bankruptcy would work. In other cases, we can advise you why other options would be better than bankruptcy.
2. Is there another debt relief option that would work better for me?
Just because you can file for bankruptcy, doesn’t mean it’s always the best option. You need to discuss your financial goals. When a bankruptcy attorney knows their client’s current income needs, expenses, debt and financial goals, they can better assess which debt relief option will be best. Often, bankruptcy is the best option – but not always.
3. Do you have experience with debt cases like mine?
Everyone’s financial situations are different, but an experienced bankruptcy attorney will be able to reference similar cases they have dealt with and the resolutions reached. It’s important you know your attorney’s background. A jack-of-all-trades attorney who practices multiple types of law may have years of legal experience, but not with bankruptcy. You should learn what percentage of a lawyer’s experience has been dealing with debt relief.
4. What are the most difficult parts of filing for bankruptcy?
It’s important that you have realistic expectations from the beginning. You may not be able to discharge all your debt, and you need to know what you may still owe even after a bankruptcy discharge. We will use all legal options available to classify your debt into dischargeable categories, but there are always potential roadblocks. We can prepare you for all likely roadblocks in advance, so you are prepared for the journey.
If you are ready to take the first step toward financial freedom, contact Denver and Aurora attorney Barry Arrington at 303-205-7870 to schedule your free initial consultation. Learn how an expert bankruptcy attorney answers your tough questions, and what ideas we have for your financial future.