Having more debt than income coming into a household can be aggravating. Deciding between buying basic necessities and paying creditors can be very stressful. To regain a positive financial status and sense of peace, it’s advantageous to make an appointment with a Bankruptcy Lawyer in Tacoma WA. The following tips can help a potential client provide details so a lawyer can properly assess a adverse financial situation.
Provide Accurate Information on New Client Forms
One of the main tools a Bankruptcy Lawyer in Tacoma WA uses to comprehend an unfavorable financial situation is new client forms. These forms provide details on a person’s financial history. Some of the details requested include current amounts owed to creditors. A creditor can be a private or government entity. An individual also needs to fully disclose all forms of income including spousal support, disability income, and payroll wages. All current assets need to be listed with their most recent values. Be as accurate as possible. Holding back information may result in negative consequences.
Prepare to Answer Relevant Questions
After reviewing new client forms, a lawyer will have an open and frank discussion with a potential client. During this conversation, reveal pertinent details that led to the adverse financial situation. Don’t be hesitant about revealing personal information. Also, be prepared to answer questions in depth put forth by the lawyer. It’s beneficial to make a list of queries the lawyer may pose and practice answering them beforehand. Prepare a list of questions to ask the lawyer during this discussion. A lawyer will want to get an overall understanding of an individual’s financial situation. Doing this helps a lawyer decide whether a person qualifies for bankruptcy. It also enables an attorney suggest other forms of debt resolution when a person does not qualify for bankruptcy.
Helping a lawyer understand a financial situation enables a client to qualify for the the most suitable form of debt resolution. A thorough understanding also enables a person to get a fresh financial start in life. For information on bankruptcy services, please talk to a member of the practice of Kevin G. Byrd. This attorney can handle many services including bankruptcy cases, military divorce, and relocation cases.
