Making the difficult decision to file a chapter 7 or chapter 13 bankruptcy is the first of many steps you will take in overcoming your debt. The things you do next can make your journey through the bankruptcy process easier.
We hope you already understand the many benefits legal guidance offers when seeking a chapter 7 or chapter 13 bankruptcy. For example, your lawyer can file the necessary documentation on your behalf. He or she can also ensure that your creditors comply with the law and stop harassing you for payments.
If you have not selected a bankruptcy lawyer yet, you can still get started with your bankruptcy by preparing for your journey. During our time serving Houston, TX, residents, we have come to believe in the power of preparation. Preparing yourself to enter bankruptcy can speed up the process and reduce any anxiety you may experience.
Our top preparation tips
- Collect documentation proving your income
- Make a complete list of your assets
- Create a new budget to reduce expenditures
- Gather your insurance documents
- Collect any notices of default you have already received
We also recommend gathering other paperwork such as:
- Property titles
- Vehicle registrations
- Promissory notes
- Bank statements
- Additional documents showing your assets and liabilities
When it is time for you to meet with your chosen attorney, your preparation efforts will pay off by saving both of you time. In turn, you and your lawyer can begin the process of entering the chapter 7 or chapter 13 bankruptcy process right away.
If you would like to learn more about the many ways an attorney can guide you through your bankruptcy, continue browsing our website and blog.