When preparing to file for bankruptcy in San Diego, there are some steps you can take to achieve the best results possible. You will also need to meet several legal requirements, such as finishing a credit counseling course, before you can file for bankruptcy. Remember that one of the most important steps you can take is discussing your case with a lawyer. Nothing can substitute for obtaining quality legal advice from a San Diego bankruptcy lawyer.
Prepare to File for Bankruptcy
When preparing to file for bankruptcy, the first thing you should do is schedule an appointment with a lawyer. You can also complete the mandatory credit counseling before you file your bankruptcy case. Gathering documents and information is one of the most important aspects of preparing for filing for bankruptcy. Your lawyer can provide you with a list of documents you will need to gather, including tax information, wage information, and a list of your expenses. If you are unsure how you will pay for filing for bankruptcy, your lawyer may be able to provide a payment plan you can afford.
Credit Counseling
Before you can file for bankruptcy, you will need to complete a one-hour credit counseling course. Otherwise, the judge will dismiss your case shortly after you file. These courses typically take less than an hour to complete and can be taken entirely online. Make sure you complete one of the credit counseling courses approved by the Department of Justice.
Gather Documents
Make sure you provide your lawyer with all of the documents he or she requested. When you submit a bankruptcy petition, you will need to sign it under oath. The information needs to be accurate and complete. Your lawyer will exercise painstaking detail to provide the bankruptcy trustee all of the documents here she anticipates the trustee will need in your case so that your case can be completed as quickly as possible.
Planning for a Successful Filing
You may need to undergo advanced planning for bankruptcy. For example, if you have too many assets, and you are filing for a Chapter 7 bankruptcy, the trustee could make you liquidate the assets. Alternatively, you may not be able to pass the “means test” now, but with some planning, you could pass it in a few months due to your income becoming a lawyer. Your lawyer will discuss any advance planning issues that come up with you.
Completing the Petition and Schedules
Your lawyer will prepare your petition and schedules, which are the legal forms required to be filed when you request bankruptcy with the court. You will need to pay the application fees and work out a payment plan with your lawyer. Once your petition has been filed, a bankruptcy trustee will begin the process. The trustee may ask for more information, and you will need to attend a 341 creditor meeting, which is typically held over the phone. Your lawyer will be able to walk you through the process of finalizing your bankruptcy.
Contact a San Diego Bankruptcy Lawyer
Are you considering filing for bankruptcy in San Diego? If so, look no further than the Bankruptcy Law Center. Contact us today to schedule your free initial consultation and learn more about how we can help you start a fresh chapter.
