If the economy, job loss, medical bills, or other unexpected circumstances has you struggling to pay your bills and take care of your family, you may be considering filing for bankruptcy. Here are three things you should doing before filing the paperwork with the court.
Discuss Bankruptcy with Your Family
Bankruptcy will ease the financial burden on your family, but there are also downsides. Your family should be prepared for having a bankruptcy on your credit report for seven to ten years. You may not be able to get loans, credit cards, or new vehicles during that time.
Get Your Documentation in Order
The courts will require documentation of your income, expenses, and assets. Assets include any belongings that you have that may be sold to help repay some of your debtors. Put together a list of items that you have in your home that may be considered by the court as part of the bankruptcy proceedings.
Hire an Attorney
Bankruptcy is a long and complicated process, and you want to get the most return on this decision. Before you try to go through the process alone, find
bankruptcy law offices in Danville, VA, to help you navigate the proceedings. An attorney knows the laws and protects your interests.
Where to Find Bankruptcy Law Offices in Danville, VA
Law Offices of Stephen E. Dunn, PLLC specializes in bankruptcy cases for residents of Danville, VA. If you are considering bankruptcy, call them to discuss your case and schedule an appointment with one of their attorneys. You can also visit their website at You can also connect them on Facebook.