After months or years of struggling with debt, you have decided that the only way to attain financial relief is to declare bankruptcy. By following these steps, you can ensure that the process goes smoothly from beginning to end.
Gather your financial information
Your attorney will give you a complete list of things you need to bring to your appointment. Generally this includes everything you have for financial records, such as:
- All sources of your income
- All records of all your debts, such as current credit card bills, medical statements, student loans, car loans, and mortgages
- Bank statements from all of your bank accounts
- Records of your financial assets (CDs, savings accounts, stock shares)
- An estimate of the worth of your possessions
Financial actions to avoid during this process
Any of these activities could make your case more complicated and difficult to complete:
- Paying-off a loan to a relative
- Transferring cash or property to a relative
- Using any credit if you know you’re going to file bankruptcy
Call a Minnesota Bankruptcy Attorney
Bankruptcy can be complex, and you need an experienced bankruptcy lawyer to guide you through the process. At Behm Law Group, LTD, we specialize in bankruptcy law. In fact, it’s all we do. It is possible for someone to attempt to declare bankruptcy on their own, however, we highly recommend against it. If you make an error in your case it could cost you money you simply don’t have and have repercussions for years to come. For example, if you forget to file a required form, your case could be dismissed. And even worse, you might lose the right to re-file. If your financial situation has become a nightmare and you want to see if bankruptcy is right for you, give Behm Law Group LTD a call.