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.