Bankruptcy Attorney in Glencoe
Foreclosure, liens, lawsuits, wage garnishment—these are just some of the misfortunes you might face if you have fallen deeply into debt. When that happens, you’ll need a plan for eliminating your debts and rebuilding your financial health. When your debts have become impossible for you to pay, bankruptcy may be the best way forward. Cutler & Associates, Ltd. has been providing Chicagoland with expert legal services for more than two decades. If you’re in need of a skilled bankruptcy attorney in Glencoe, Illinois, connect with us today to discover how we can help you with your case.
Filing for Bankruptcy: What You Should Do First
If you’re considering declaring bankruptcy, you need an accurate assessment of your financial situation to ensure you can make the right decision for your family. Begin by scheduling a consultation with a bankruptcy attorney. This will enable you to become more familiar with the details of the bankruptcy process and give you the opportunity to ask any questions that may be on your mind. At this first meeting, you’ll discuss the following topics:
- Your current financial situation, and whether there is any foreseeable way for you to meet your financial obligations.
- Your income and assets, and whether chapter 7 or chapter 13 bankruptcy would be the more appropriate choice for your needs.
- What the bankruptcy process is like, how long it can be expected to take, and what your future will be like after you have filed for bankruptcy.
Preparing for Your Consultation With Your Bankruptcy Attorney
When you set up an initial consultation with an attorney, it doesn’t mean that you have committed to the idea of declaring bankruptcy. Nevertheless, it’s still a good idea to come fully prepared. You should bring along any paperwork that you will need to explain your financial status, including your tax returns from at least the last five years, your most recent bank statements and pay stubs, your lease or mortgage papers, and your current insurance policies. You should also bring any paperwork that relates to your current financial obligations, including all of your most recent bills, any court orders you have received, and any letters or other messages you have gotten from your creditors or debt collectors.