At some point in every person’s life, it is highly likely that he or she will go through a period of financial struggle or hardship. For some, this hardship may be more serious than others, making the reality of filing for bankruptcy very plausible. If you are facing stacks of unpaid bills or are afraid to answer the door or telephone for fear of facing a creditor, you may want to consider bankruptcy as a way out of debt and the chance to move on with your life.
If you or someone you know is facing financial difficulty, it is important to remember that you do not have to go through this time alone. Before filing for bankruptcy, you must gather some critical information about your finances. To make sure you have the correct information, contact a Raleigh bankruptcy lawyer at the Bradford Law Offices, today at (919) 758-8879 and schedule a free consultation.
What Information Do I Need?
Bankruptcy can unfortunately be a very involved and complicated process, especially without the right legal help. By speaking with an attorney beforehand, he or she can ensure you have the proper documents and information to make sure your filing goes as smoothly as possible. Information you will need includes the following:
- Your income to help you determine whether you should file for Chapter 7 or 13 bankruptcy. Individuals filing for Chapter 7 may need to pass the Means Test. Businesses and those with primarily business debt are not subject to the Means Test.
- A detailed list of your assets to present to a judge so he or she can determine your ability to make debt payments
- List of debts or loans so the bankruptcy court can determine the severity of your debt and need to file for bankruptcy. This can also help you determine what chapter to file for.
A skilled bankruptcy lawyer can answer any questions you may have and lead you through the process easily.
To learn more about your financial situation and how bankruptcy can help you achieve debt forgiveness, contact the Raleigh bankruptcy attorneys from the Bradford Law Offices, at (919) 758-8879 today.