The 3 Biggest Mistakes even smart people make when trying to file for bankruptcy… and how to avoid them.
- Category: Cutting Edge Bankruptcy
- Published on Thursday, 26 February 2015 22:47
- Written by Katherine Carr
- Hits: 160
By the time you reach out to an attorney for help with your financial problems, you have probably tried everything. People try to keep up with their minimum payments, take cash advances, or even try debt consolidation firms to try to take care of their debts. Unfortunately, those attempts often do not help and might even make the financial problem worse. No one ever expects to end up in the office of a bankruptcy attorney, but it often ends up being the best choice for you and your family. Before you get started with an attorney, however, you need to know the three biggest mistakes even smart people make when filing for bankruptcy.
1. YOU DON'T LIKE YOUR BANKRUPTCY ATTORNEY
It is so important that you like your bankruptcy attorney. You will be sharing every detail of your personal financial situation with him or her. You will likely come in for a few meetings in the attorney's office and then the attorney will personally represent you in court. If you do not like your bankruptcy attorney, you will find the bankruptcy process to be terribly unpleasant and annoying.
Carr and Associates prides itself on providing caring, personal service to its clients. In fact, many clients refer their friends and family members to us to handle their bankruptcy issues. Carr and Associates has a well-respected reputation in the Bankruptcy Court and has been practicing bankruptcy for over 30 years. When you contact Carr and Associates for your free consultation to discuss bankruptcy, you can be sure that you will be met by a caring, competent attorney who will stand by you through every step of the process.
2. YOU DON'T GIVE YOUR ATTORNEY ALL THE DETAILS
Here's an important tip: full and complete disclosure of your debts and assets is vital! When you sit down with your attorney to prepare your bankruptcy paperwork, be sure to tell your attorney about everything that you own and everything you might own. For example, if you are on the deed to your mother's house for inheritance purposes, you need to tell you attorney. If you own some property in the country but you don't think it is really worth anything, you need to tell your attorney. Failure to disclose assets in a bankruptcy can have devastating results, including jail time.
The good news is that if you hire a good attorney, he or she will be able to help protect your assets in a bankruptcy. There are many smart ways that a good attorney can help protect your assets, so you must be sure to hire someone that knows what he or she is doing. If you do not tell your attorney about your assets, either by accident or on purpose, there is nothing he or she can do to help you.
3. YOU WAITED UNTIL EVERYTHING FELL APART TO CALL AN ATTORNEY
People experience many emotions when they decide to file for bankruptcy, like anxiety, fear, and anger. These emotions can sometimes stop people from taking the necessary steps to save themselves from financial disaster. If you wait too long to deal with your financial problems and your debts, you could end up with a judgment against you, a wage garnishment, and even worse, foreclosure and the loss of your home.
There is no harm in visiting an attorney for a consultation. You can come in for a free consultation with Carr and Associates and learn how to stop the bleeding before you lose everything you worked so hard for. Carr and Associates can help you catch up your past due house payments, work on a loan modification, stop wage garnishments and even recover what was taken from you. Instead of anxiety and fear, you will experience relief that you finally took the steps you needed to secure your financial future for yourself and your family. It never hurts to ask questions about bankruptcy, and it is better to be prepared than to be left out in the cold.
I hope this information helped you,