Filing for bankruptcy can be a stressful process. But, knowing what to expect can make the process much easier. Additionally, it is important to work with an attorney you trust. Once you choose the right attorney, one of the first steps of the process is an initial consultation. This is a meeting to familiarize your attorney with your situation so that he or she can determine the best course of action. Read on to learn more about what to expect from an initial consultation with a New York bankruptcy attorney.
How do I Know When it is Time to File for Bankruptcy?
If you are struggling financially, you may see bankruptcy as a last result. So, how do you know when you have exhausted your other options? If you relate to any of the following situations, it may be time to file for bankruptcy:
- Your wages are being garnished
- You are being harassed by collection agencies
- You are unable to pay your bills
- Difficulty meeting payroll
- Increased interest rates on credit cards due to late payments
- Decreased cash flow
If you think it may be time to file for bankruptcy, you should reach out to a bankruptcy attorney as soon as possible. The sooner you reach out, the faster you can begin working on the situation.
What Documents Should I Bring to an Initial Consultation?
When meeting with your bankruptcy attorney, you should bring the following documents:
- Photo ID
- Social Security card
- W2 forms
- Pay stubs
- Social Security letters
- Copies of your bills
- A list of any debts/liabilities
- Credit reports
- Employer statements
- Disclose all scheduled payments such as pensions, spousal support, and child support
- Collection letters
- Checkbook register
- Documentation regarding debt settlement
- Income tax returns
- Property tax statement
- Property appraisal
- Vehicle purchase agreement
- Proof of car insurance
- Businesses owners filing for bankruptcy must bring all financial documents pertaining to their business
- A list of questions for your bankruptcy attorney
If you do not have easy access to any of these documents, do not stress. As stated above, it is important to speak with your attorney and familiarize him or her with the situation as soon as possible.
Our firm understands that bankruptcy can be a stressful process, but we are here to make it as easy as possible. If you have any questions or concerns about the process, reach out to our firm today. We will advocate for you every step of the way.
CONTACT A BANKRUPTCY LAWYER TO DISCUSS YOUR DEBT OR COLLECTION ISSUE
Michael D. Pinsky, P.C. represents clients in bankruptcy actions and related matters. Please call 845-394-2616 or contact the firm online to schedule a consultation.