If you’re considering filing for bankruptcy, you’re probably filled with a lot of emotions. You might be nervous about life after bankruptcy, angry that you have to file, and unsure about the procedure that lies ahead. You’ve probably heard horror stories from people who had a negative experience with the process, but while bankruptcy can be difficult, it doesn’t have to be overwhelming.
If you’ve deemed that bankruptcy is your best option, then you likely have a mountain of debt you’re trying to manage, and you might not know how to get the ball rolling. After deciding to file, the first thing you should do is secure the help of an attorney who has extensive experience in bankruptcy law. By working with someone who knows the ins and outs of the legal system and has been down this road with clients many times before, you increase the chances of your bankruptcy process running as smoothly as possible. Additionally, since bankruptcy law has grown more complicated and restrictive over the years, it’s unlikely that you have the knowledge needed to navigate the process and submit the necessary documentation.
Before you file, you may have to attend a pre-bankruptcy counseling sessions where you can get a better understanding of which of your debts will be cleared through bankruptcy, as well as what assets you’re required to give up. While it can be tempting to try to hide certain assets or accounts, it’s best to be completely transparent. The more honest you are about your assets and ability to pay certain debts, the easier it will be for you to file and exit the bankruptcy in a position to make the most out of a fresh start.
The act of filing requires completing and submitting dozens of forms, as well as gathering bank statements and documentation from your creditors. When you work with a skilled bankruptcy attorney like Bruce Mayrand, you can be sure you’ll submit all of the necessary information accurately and correctly. If you’re contemplating filing for bankruptcy, or you’re ready to get the process started, contact the Law Offices of Bruce A. Mayrand today to schedule your free consultation and take the first steps toward a brighter future.