Not being sure about how you’re going to handle your overwhelming debt can be incredibly stressful, so just deciding to file bankruptcy can be a big relief. Once you’ve made your decision, I can make sure you do everything you need to do and avoid making any mistakes in the process. A few of the most important things to remember are:
1) Gather all your documents and record all your assets and expenses: As you prepare to file, start keeping all your bank statements, bills, tax documents, etc. Before filing, you will need all this information going back for 6 months, so request copies if you don’t have them. You will have some time as you prepare to file, so you’ll have the opportunity to remember expenses such as child care, insurance, retirement contributions, and more. There’s no need to feel nervous about forgetting anything because I will give you a comprehensive checklist of anything you could possibly need.
2) Start living on a budget now: Bankruptcy gives you a new start, so it’s a perfect time to re-evaluate your living expenses to see where you can reduce costs. This is a reboot on life, so look at how you are spending your money, evaluate needs versus wants, and make a plan for the future. Perhaps there are ways you can change your spending and simplify life to avoid getting into debt in the future. Now is not the time to get into any more debt. If unexpected expenses come up, think about alternative ways to deal with it, such as making payments.
3) Don’t panic or lose hope: It’s easy to feel hopeless while you’re thinking about bankruptcy. It’s also easy to lose perspective of what your future may look like. But remember, you are being proactive about your finances and making a decision that will lead to a better tomorrow. Bankruptcy is something no one would choose if there were other options, but can really be a path to freedom for many. Once you have had your debts discharged, you can put that burden behind you and move on, wiser and stronger because of your experience.
4) Ask any questions you might have and be honest: As you’re preparing to file bankruptcy, it’s best to just be up front about any debts or assets you have. If you’re unsure whether something is relevant to your case, please just ask. It’s better to share too much information than to risk leaving out something that may be pertinent. You are I are a team and I’m here to help and guide you. If the court does not need to know information about you, I will let you know. But if I don’t have all the information I need to get your case filed, this will only cause delays and problems as we move forward.
The most important thing to remember as you prepare for filing bankruptcy is to keep a positive attitude. I am on your side and here to help you through this process. Together we will take action to move you toward financial freedom. Give me a call right away so that we can get the ball rolling.
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We are here to help as you strive toward financial freedom. We’re experienced and have up-to-date knowledge about all the aspects of bankruptcy law. Don’t feel like you have to navigate the system alone. We’re here to take your call! Contact us today to get started. Click here if you need a Eugene bankruptcy attorney , or check here for our other Oregon and Washington locations.