Bankruptcy is a process that can take time and that you need to prepare for. Your bankruptcy attorney works with you from the beginning to ensure that you’re preparing for bankruptcy the right way. This step in the process can make a big difference later as you file and begin the bankruptcy process with the courts. Make sure that you are ready by working with a bankruptcy attorney in St. Cloud, MN.
Step 1: Get a Bankruptcy Attorney to Help You
Before you do anything else, you need some information about bankruptcy. This includes what type of bankruptcy you qualify for, what documentation you need, and how to complete the paperwork. For this, get a bankruptcy attorney in St. Cloud, MN, to help you through the process.
Having a lawyer makes preparing for bankruptcy much simpler, as they already have most of the answers to the questions that you have. Contact a bankruptcy attorney to help you through the process.
Step 2: Gather Documentation on Your Debts
The first thing that your bankruptcy attorney in St. Cloud will have you do is collect documentation on your debts. You’ll need to gather information such as:
- Who you owe money to, and for what
- How much you owe each creditor
- Their contact information
- Any contracts related to your debts
- A list of your assets and how much each one is worth
- Information about your employment history
- Bank statements on the current state of your accounts
Give copies of all of this to your lawyer so that they can draft the appropriate paperwork for your bankruptcy filings. Be thorough about what documentation you provide, especially the debts that you owe. Your lawyer can do things to help you with those debts, but only if they know what the debts are. If you fail to include a debt when you file, it may not be included in the overall bankruptcy process.
Step 3: Complete the Appropriate Bankruptcy Forms
Once your lawyer has all of the necessary information, they can start on the appropriate bankruptcy forms. The filings are somewhat long and it is important to be accurate and thorough. It may take your lawyer a while to finish this process. However, it is worth the wait. When the forms are filed, the protections against creditors can begin. That way, you no longer have to worry bout having your car repossessed or losing assets to creditors. They will be protected until the process is finished.
Step 4: File Bankruptcy With the Court
Your lawyer can file the forms for you with the court, which requires that you pay a fee. Then, you work with your lawyer and the court to work through the process. Your debt will be totaled, and the court will work through how to pay your debts in five years. Anything that is left unpaid will likely be forgiven, and you’ll be out of debt. You just have to stick to the plan.
Contact Bankruptcy Lawyers in St. Cloud, MN, for Help
If you’re considering filing for bankruptcy, then it is time to talk to a bankruptcy attorney in St. Cloud, MN, for help. Bankruptcy is a process that most people are intimidated by, and for good reason. Your future could hinge on whether you file for bankruptcy correctly or not. Let the experts help you in preparing for bankruptcy and manage the process from start to finish to make sure that it is right. Contact Kain + Henehan by calling (612) 438-8006 or filling out the online form so we can work through this process together.
