If you are in over your head in debt, then it may be time to consider speaking with a Union City bankruptcy lawyer. Filing for bankruptcy in Union City can be a confusing process however, having a lawyer by your side can make the process much easier. If you are overwhelmed at the thought of speaking with a Union City bankruptcy lawyer, then you have come to the right place. Below, we will go over some tips you can take before your first meeting.
Tip #1 – Research Your Union City Bankruptcy Lawyer
When you hire a bankruptcy lawyer, you want to ensure that the person you are hiring is a good fit for you. Remember, this person is someone that you will be working closely with. They will ask you for all of your financial information and you need to be open and honest with them. Take some time to look at reviews about the bankruptcy lawyer you are looking to hire and see if they are a good fit. You can always call them and ask them some questions to see if you feel that they are a good fit for you.
If you don’t feel comfortable with this attorney, then don’t hire them. Remember, you are hiring this person to represent you. It is your choice whether you want to hire this attorney or not. If you feel that they aren’t a good fit for you – move on!
Tip #2 – Gather all of your financial documentation to speak with a Union City Bankruptcy Lawyer
It is important to disclose your whole financial situation to your bankruptcy lawyer. This will allow them to be able to assess your situation and determine if they can really help you file bankruptcy in New Jersey. Hiding assets or not disclosing certain information will only end up hurting you. Below is a list of documents that you should have readily available before you meet with your bankruptcy lawyer:
- Copies of deeds/titles to any real property or vehicles you own
- Copies of the valuations of any property you own.
- Bank Statements.
- Business statements
- Social Security Card
- License
- A credit report or list of outstanding debt you owe
- Copies of any paperwork for any retirement accounts
- Copies of Statements from any brokerage accounts
- Copies of your paystubs
- A list of your monthly expenses
While this isn’t a full list, these are the documents that you may want to have on hand prior to speaking with a bankruptcy lawyer. If you don’t have some of these documents it’s okay. This is just a small list to help you get started.
Tip #3- Take Advantage of an Initial Consultation with a Union City Bankruptcy Lawyer
While it could be overwhelming consulting a bankruptcy lawyer, it is important to take advantage of the time you are spending with them. Write down a list of questions that you want to ask them during the consultation. This will allow you to fully understand the bankruptcy process. If you are confused about something, don’t be shy to ask them to explain the bankruptcy process in more detail. Below are some questions that you can ask your Union City bankruptcy lawyer:
- What happens when I file for bankruptcy in Union City?
- Will my property be safe?
- What is a New Jersey bankruptcy exemption?
- Can I keep my car if I choose to file for bankruptcy?
- How long is the bankruptcy process?
- Will all of my debt be erased?
- Should I continue to pay my credit cards?
- What debt isn’t included if I file bankruptcy?
- Where can I find the documents you are requesting?
Tip #4 – Will I be Able to Afford a Bankruptcy Lawyer in Union City?
While money is important and determining the amount that a bankruptcy lawyer charges is important, it shouldn’t be the sole deciding factor. Remember, you get what you pay for. Generally, people who are already strapped for money will need to decide if they can afford to hire a bankruptcy lawyer. Hiring a bankruptcy lawyer is a great investment especially because they do this all the time. Therefore, they will be able to walk you through each step of the process to ensure that your case comes out smoothly. Sometimes people come up with the bankruptcy fees by using their savings, tax refund money, or help from their family.
Tip #5 – Don’t be nervous about speaking with a bankruptcy lawyer
Many people feel embarrassed when speaking with a bankruptcy lawyer. However, you shouldn’t feel this way. Most bankruptcy lawyers have likely seen thousands of people in the same position as you. It is very unlikely that you would be the first person that they see. While filing for bankruptcy can be nerve racking, it is important to be open and honest with your bankruptcy lawyer.
Karra L. Kingston Esq. has helped many people in Union City get out of debt and start over. If you are thinking about filing for bankruptcy give us a call today. Our Union City Bankruptcy Lawyers are here to help you get back on your feet and eliminate your debt. 