When someone calls our office seeking help or legal advice, they often have several questions. Unfortunately, the answer is often that common lawyer response: “It depends.” While I would love to immediately help, it just is not possible to answer the majority of questions that are asked without first getting the information we acquire at our initial consultation. Also, I believe it is important to establish a good relationship with the client from the beginning. An in person consultation is the best way to ensure that this happens.
Callers often want to know what the differences are between Chapter 7 and Chapter 13 bankruptcy. While this can be explained generally, it is more important to understand how each option affects you. To properly do this, we must fully understand your financial situation. We start by examining the gross income, net income, and total expenses of your household. We also go over all assets such as real estate, vehicles, and personal property.
Of course, the most significant subject is usually the type and amount of debt owed. It is important that I know all debts, whether current or delinquent. This is sometimes the deciding factor when the client chooses which type of debt relief to pursue. For example: if you are delinquent on mortgage payments and want to keep your home, a chapter 13 personal reorganization can help you prevent foreclosure and bring your mortgage payments current.
In the end, I believe it is essential to meet all potential clients in person when determining the best way to conquer their debt problems. If you find yourself in need of debt relief, please call our office nearest you to set up a free and confidential consultation with one of our experienced attorneys.