No one likes the idea of going through bankruptcy. This is especially true when the underlying reason for the action is a lack of proper financial management. Even so, it is important to provide full disclosure to the bankruptcy attorney in Carbondale, IL. Doing so will greatly enhance the chances of having the petition approved and receiving that fresh start that the client desires.
What Does the Attorney Have to Know?
Essentially, any bit of information that relates to the client’s financial woes should be shared with the bankruptcy lawyer in Carbondale, IL. While this can be embarrassing, the client should remember that everything told to the attorney is kept in the strictest confidence. Only information that the attorney deems is necessary to comply with the current regulations and laws that prevail in the local jurisdiction will go any further. In short, there is no need to worry about private details finding their way into public places. Clients may understand that bankruptcy attorneys do place a great deal of importance on confidentiality, but are simply afraid of what they may think about the mistakes that the clients have made in the past. This is another problem that must be addressed. Clients should realize that their attorneys are not there to judge, but to help them move beyond those past mistakes. In other words, the attorney is focused on being an advocate for the client rather than being the judge.
The Danger Of Withholding Information: There is a very real danger of having the petition for bankruptcy denied if the client does not make full disclosure to the attorney and subsequently to the trustee assigned by the court. Should information about hidden assets or other aspects of the client’s financial condition come to light later on, that is often grounds for dismissing the petition. In addition, if the bankruptcy attorney in Carbondale, IL feels that the omission was intentional, the client could be looking for a new lawyer. In the interim, that client is left to the tender mercies of his or her creditors. The best possible approach is to put personal feelings to one side, provide the attorney with all the facts, and cooperate in every way possible. In the long run, this approach will make it easier to weather the bankruptcy and begin to focus on building a better financial future.
