A Bankruptcy Lawyer’s Blog

Five Steps to Reclaiming Financial Freedom

Before filing for bankruptcy, one should look closely at all possible options, then move forward with a law firm who is professional, compassionate, and offers customized advice for your particular situation. A paralegal should also see their clients through each process of filing to assure no mix-ups occur during the process. If seeking a bankruptcy lawyer in Columbia South Carolina, there are five important steps that can ultimately lead to reclaiming financial freedom:

The first step is to get a consultation with the law firm of choice. Seek out a law firm who can offer a free consultation, and who inspires a course of appropriate action based on whether or not bankruptcy protection is best for you. Make sure you select a law firm who honestly explains any fees during this initial consultation to avoid surprises later on.

The second step is to gather information. If the decision is made to continue forward with bankruptcy protection, you will be asked to gather the appropriate documents. Such documents may include income tax filings, bank statements, pay stubs, loan documents for vehicles and your home, as well as vehicle registration. There may also be other documents recommended by your lawyer.

Third, schedule a follow up appointment. To make sure you and your lawyer stay on track, schedule a follow up in step 2 just to stay on top of it. This appointment gives one a firm start in their bankruptcy protection assistance and allows for all completed paperwork to be turned in.

In the fourth step, you will review schedules, sign petitions, and actually file your case. Once all documents are completed, signed, and officially filed, you will be given a case number. At this point, all creditors’ activity must cease as you are on your way to getting a handle on your debt.

Lastly, a trustee is assigned to your case a date is scheduled for a meeting with creditors and the trustee. Be sure to have your lawyer present with you in this brief meeting.

If filing for bankruptcy protection is right for you, remember to select a law firm who stand ready to see you through each of these five steps with professionalism and ease.

Michael J. Cox Law Firm (http://www.michaeljcoxlaw.com/) is a certified bankruptcy Law specialist.

Ryan Coisson is a freelance writer.