Attorney Stephen Biggie explains what to expect from a Bankruptcy Consultation
Stephen Biggie explains what to expect in a bankruptcy consult. Basically, we offer free bankruptcy consults. You should be ready to discuss your finances including knowing your assets and liabilities. This will help the attorney determine what type of bankruptcy will suit your particular needs. After discussing your finances, the attorney will inform you of the total cost associated with the bankruptcy. A lot of the costs associated with filing for the bankruptcy are third-party costs. Third party costs include running a background check to identify all people or companies who claim are owed monies from you, filing fees, postage, two mandatory credit counseling class, and travel expenses to the 301 hearing which, in Central Florida, are held in Orlando. The attorney will break down these costs for you and give you a contract or retainer agreement for your review.
From the bankruptcy consult, you should come out knowing which type of bankruptcy best suits you, the costs and fees, the time it is likely to take, and what to expect during the process and at the in-person 341 hearing. You should also come out with an understanding of the debts which will be eliminated, the debts which can’t be eliminated and the assets which you own which are legally protected.