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Questions You Need to Ask About Bankruptcy

Questions You Need to Ask About Bankruptcy

: Richard West Law Office

bankruptcy questionsThe most important question is whether you need to even consider going bankrupt. Just because you are in financial difficulty it doesn’t mean that you need to take this type of action.

The next question you need to ask yourself is do you need to use the services of a bankruptcy attorney?  The answer to this is you are not required to by law, but it really does help to have a professional that knows the laws and procedures for bankruptcy, to assist you through the entire process. This is the individual that can also greatly assist you with determining if bankruptcy is the right course of action for you.

Following this you need to know which bankruptcy chapter is most beneficial to your needs. Is it Chapter 7 or Chapter 13 Bankruptcy that you need to focus on, and this depends what criteria you are able to meet. You need quick answers concerning your present situation. Most likely you have creditors hounding you and you want to know if and when this is going to stop.

You will want to know who will deal directly with the creditors and at what point in time of the bankruptcy proceedings does this take place.

You of course are probably not happy at having to even consider bankruptcy and it is a source of embarrassment for you. You want to know who is going to find out that you are going bankrupt. This is likely a new process for you and you are full of apprehension as to what will be the potential outcome of your filing, and what happens once your bankruptcy action is complete.

The best step is to make a list of all of your questions as the majority of them can be answered by your Cincinnati bankruptcy lawyer.