How to Get Started With a Bankruptcy Attorney in Virginia

Bankruptcy laws were put in place to help individuals legally overcome the debts they can no longer pay. Unfortunately, many people are confused about the laws that govern bankruptcy and their rights as a debtor. Meeting with a bankruptcy attorney can help a person better understand the steps they will need to go through as they start the process of legally taking care of the debts they owe.

What to Bring to the Appointment

Scheduling a meeting with an attorney is one of the first steps a person needs to take when they want to file for bankruptcy. There are a couple of types of bankruptcy and finding out which one will be most beneficial is important. So the attorney can help their client, there are several pieces of information that need to be brought in. The following are some of the items an attorney will ask for.

  • Documents that prove income for the last six months
  • Tax forms from the last two years
  • Information on all assets
  • Information on all debts that are owed
  • Social security number and ID

Any forms that are required by the attorney need to be brought to the appointment so they can be analyzed by the attorney. The more financial information the client can provide, the better the chances of the attorney being able to help their client make the right legal decisions regarding their debt.

Types of Bankruptcy

There are a couple of different types of bankruptcy individuals can file, depending on how much income they have coming in and the type of debt they owe. The first type is Chapter 7 and it is one that is often referred to as the liquidation bankruptcy because some of the person’s assets must be sold to pay the debts they owe.

Chapter 13 is a type of bankruptcy that is referred to as the wage earner’s bankruptcy because individuals will need to have an income coming in each month so they can pay their payments to the court.

Those who are dealing with more debt than their income will allow them to pay are urged to seek help from an attorney right away. Call the office so you can get started on the process.

Borrow Money and Get Caught Up on Bills

If you have recently had some type of emergency, it may be necessary to travel. Perhaps a family member is sick and you need to go home. Unfortunately, this can be a very costly situation. If money is not available, don’t worry about that just yet.

Apply for a Short-Term Loan Today

Apply online and learn more about qualifying for a short-term loan. It is helpful to know that money is available for those who need it. The lender does not care why the money is needed. They are never going to question how it will be spent.

Learn More About the Minimum Requirements

Of course, there are minimum requirements every applicant must meet. Generally, the applicant needs to be at least 18 years old. They also have to have a reasonable source of income. Generally, the amount of income is going to determine how much money is available to borrow.

Don’t Worry About Credit Mistakes

Perhaps you are worried about applying for a loan due to previous credit mistakes. If this is the case, don’t worry about it right now. Check with the lender to find out whether they are willing to loan the money. Generally, they don’t care about credit history.

Pay Off the Loan Early When Possible

This lender is not going to penalize customers for paying off the loan early. Instead, they will accept that payment and keep your financial information on file in case you choose to apply again in the future.

Lenders Will Respect the Privacy of Their Customers

The lender is not going to talk to anyone about a loan. Nobody needs to know that you are struggling with money. It is good to know that there is a lender who will always respect the privacy of their customers.

People need extra cash for a number of reasons. If you happen to be one of them, don’t hesitate to apply online right away. A Maxlend Loans employee is going to do everything possible to help their customer get the money that is needed. Always have the bank account information available, and the lender will offer an answer within minutes.