Plan Ahead For Bankruptcy
Many people wait until the last minute to file bankruptcy. Once their situation absolutely requires bankruptcy they will contact an attorney for a free consultation. One frequent example of people waiting until the last minute to speak with our bankruptcy attorney on http://santarosabankruptcy.us involves foreclosure and chapter 13 bankruptcy. In chapter 13 bankruptcy you can stop a foreclosure and keep your home while you catch up on late mortgage payments. However, filing chapter 13 bankruptcy is not an instantaneous process and requires a lot of work from clients. Petitioners will have to assemble many supporting documents and complete a bankruptcy workbook for their attorney. Unfortunately, many people assume that their attorney can just “file the papers.” In truth, the attorney will need copies of bank statements, pay stubs, car registration, tax forms, etc., etc. etc. Therefore, bankruptcy is not an automatic process, and your attorney does not have a magic wand they can use to complete a 30-40 page petition without any information from you. You need to start the bankruptcy process months before you need to file. By giving yourself a few months to get your documents together you will be filing a thorough petition that will raise fewer eyebrows down the road. Also, you will not have the stress the comes with making a rushed filing.