When applying for Bankruptcy, you will be asked the following questions:
1. Why are you compelled to consider Bankruptcy? Is it for any of the following reasons?:
a. Garnishment - Garnishment of Wages is usually embarrassing for employees; however, you cannot legally lose your job because of back taxes owed to the IRS.
b. Creditor Harassment - Creditor harassment is definitely a serious nuisance.
c. Repossession - Bankruptcy just may be able to cancel your debt; or, it may give you the opportunity to stop the repo.
d. Foreclosure - If you seek Bankruptcy, there is a chance you can avoid or even delay foreclosure.
e. Lawsuits - Lawsuits sometimes prompts defendants to consider Bankruptcy.
f. Illness/Disability
g. License Suspension due to DUIs, etc.
h. Divorce
i. Loss of Income due to illness, disability, etc.
j. Other:
2. State your (estimated) Total Debt. What type of bills do you have right now?
a. Credit Cards
b. Personal Loans
c. Child Support
d. Student Loans
e. Auto Loans
f. Income Taxes
g. Payday Loans
h. Medical Bills
i. Other:
3. State your (estimated) Total Monthly Expenses.
a. Do you own real estate?
If Yes, are you late on your payments?
b. Do you own an automobile?
If Yes, are you late on your payments?
c. Do you have assets of $1000.00+?
If Yes, you will be asked to describe them.
4. What types of income do you have?
a. Are you employed Full-Time?
b. Are you employed Part-Time?
c. Are you on Social Security?
d. Are you collecting a Pension/Retirement?
e. Are you paying Child Support/Maintenance?
f. Other:
g. Do you have no income at all?
5. What is your (estimated) Total Monthly Income?
About this Author
McKay & Associates, PC located in Pittsburgh is a small law firm with experience who you can trust.
Bankruptcy wills, estates, trusts and more. These attorneys are approachable and efficient. They are a Debt Relief Agency who help people file for relief under the Bankruptcy Code. Take the first step of getting out of debt by calling or visiting their site. Google: Patent Pittsburgh, Commercial Business Law Pittsburgh or visit: http://www.mckaylaw.com.
Article Source: http://EzineArticles.com/?expert=Justine_Jordan
