How do I Begin the Bankruptcy Process?

When contemplating the possibility of bankruptcy, many often wonder how this process begins and what the necessary steps to move forward with it might be.  Curiosity on this point is very understandable, as bankruptcy can be a completely new experience, and we naturally want to know more about how a journey begins before we embark on it.  This blog will provide context on the opening phases of the bankruptcy process, and will guide you through the steps necessary to begin them.

Firstly, to begin the bankruptcy process you must start by locating an attorney that you would like to work with on the filing.  When seeking an attorney, it is important to look for someone who is trustworthy, competent, experienced, and most importantly, committed to making the bankruptcy process work for you to the greatest extent possible.  Similarly, it is equally important to make sure that the team of other staff members that you are working with also possess these same characteristics.  

Finding a skilled team and attorney to work with you in the bankruptcy process is the first step towards beginning the bankruptcy process.  The next is to arrange a meeting with this attorney to have a consultation and discuss the ways in which a bankruptcy filing can be leveraged to your benefit.  Your attorney will advise you on picking the right chapter to file under, discuss the documents and information that will be necessary to assemble the case, and work with your to build a strategy for success that lays out a clear roadmap towards the eventual bankruptcy discharge.  

Once this has been completed, the next step is provide your attorney with the documents that they have requested to assemble your case, and meet with them a final time so that they can put together your bankruptcy petition and schedules, go over any pre-filing questions that you might have and get everything prepared to file!  Then, once this has taken place your case can be filed and you will be on the road towards receiving your bankruptcy discharge!       

Taking the first step in a new journey can often seem a little bit scary, and finding the right people to walk on that path with you is incredibly important.  When contemplating the bankruptcy process and the first steps inherent in pursuing it, it is similarly important to ensure that you are partnered with the right law firm and the right attorney to navigate that journey with you. 

CALL NOW FOR A FREE STRATEGY SESSION FROM AN MN BANKRUPTCY LAWYER AT LIFEBACK LAW FIRM

Our firm our experts in the bankruptcy process, and our talented team of staff and attorneys are ready to work with you as you begin the path towards your bankruptcy discharge and all of the associated relief that comes with it.  When the time is right, or when you are ready, please don’t hesitate to reach out to Minnesota’s most kind and helpful bankruptcy law firm by going now to www.lifebacklaw.com.