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Free Bankruptcy Consultation: Discuss with Pittsburgh’s Best

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free bankruptcy consultation

Whether you’re in a challenging financial place from income changes or high debt that has just become too much to bear, you have options. When you’re facing what feels like financial ruin, you don’t have the money to dish out for expensive meetings and consultations. A free bankruptcy consultation might just be the meeting you need to determine whether this is your best solution. 

Struggling with finances puts a burden on your shoulders that leaves you feeling hopeless and stressed out. But you do have possible answers. 

Understanding When Bankruptcy Might Be the Best Solution

Bankruptcy isn’t the answer for everyone. However, many people overlook it as a solution until it’s too late to go this route. There are trigger signs, and a professional team like The Debt Doctors can help you understand your options and whether bankruptcy is a good choice in your situation. 

Some of the questions that might help lead you in the right direction are: 

  • Are you having to determine what bills to pay and what bills not to pay? 
  • Is paying bills on time a struggle? 
  • Do you have creditors on your back or threatening repossession? 
  • Does your total of personal loans, credit card debt, and medical debt exceed $10,000? 
  • Is your mortgage behind, or will it be behind soon? 
  • Are you considering an extra mortgage just to pay bills? 
  • Have you borrowed from a 401K or retirement plan to catch up on bills? 
  • Are student loans too much for you to keep up with? 
  • Do you have unpaid taxes of any kind? 
  • Is your business on the verge of failing? 

These are important questions to ask. If any of them ring true to you, know that you are not alone. Start with a consultation, consider your options, and determine the best approach to save your struggling finances. 

What to Expect from a Bankruptcy Consultation

free bankruptcy consultation

Photo by Amy Hirschi on Unsplash

Bankruptcy is often thought of as a dirty word. Many people are embarrassed at admitting their finances are out of control and they just can’t keep up. Others are afraid to have a bankruptcy on their record. There’s a huge misconception that once you file bankruptcy, you simply can’t recover. There are also many misunderstandings about forfeiting your home or vehicle, and that is not always the case. That is why working with an experienced legal team is your best option. 

When you schedule your free bankruptcy consultation, you will likely feel relief and hope when you start to talk about your struggles. These consultations are typically about an hour long and are designed to give you and the team a chance to get to know each other. You will be asked lots of questions about your finances. It’s a good idea to come prepared with basic numbers for these discussions. 

Other Factors to Discuss in Your Free Bankruptcy Consultation

The consultation is used to determine what your situation is and whether or not bankruptcy is a good option. The legal representative will ask you questions about your income, your debt, your assets, and your financial information. Don’t hide things or hold things back. They need to know the full picture of where you are financially. Remember that everything said in these consultations is confidential. They need your honesty and openness to determine how they can best help you. 

As you review information, the attorney will assess your situation and be able to make a recommendation at the end. It’s not a one-size-fits-all scenario, and there are circumstances in which bankruptcy isn’t the answer. By the end of your consultation, the representative should be able to tell you whether it’s a good choice, how much it will cost, and what you should expect if you choose to proceed. 

Preparing for a Consultation

How can you prepare for a consultation? Remember that this consultation is primarily about assessing your situation. However, it’s helpful if you have documentation with you to help cover numbers and ensure the details are accurate. 

If you can, bring statements or bills that you can share with payment and payoff details. Make sure you have proof of your income if possible. Your attorney may tell you that you don’t need to bring this to the consultation, so be sure to pay attention to their advice of what you need here. Even if they do not want copies yet, compiling the information is a good idea so you can ensure you share everything with them and have the right details of your accounts. 

If you move forward with bankruptcy, you will likely need to provide additional documentation so they know your creditors and can take care of their part of things. 

At the very least, when you head to a consultation, make sure you have a list with basic details about debt, assets, and income. This will make answering questions easier and help ensure nothing gets missed in the process. 

A Basic Look at the Bankruptcy Process

Bankruptcy will differ from situation to situation. There are several different types of bankruptcy. Overall, the process breaks down to look like this:

  1. Meet with your legal representation and provide them with the necessary information. 
  2. The legal team prepares necessary documentation and files it appropriately. 
  3. You fulfill obligations deemed by the bankruptcy agreement. 
  4. Bankruptcy is discharged, and included debts are eliminated. 

The process doesn’t happen overnight, so keep that in mind. 

Get the Help You Need with The Debt Doctors on Your Side

At The Debt Doctors, we are here to help you with a free bankruptcy consultation. Let us bring you some hope in what is likely a stressful and challenging situation for you. You are not alone, and there are solutions designed to help you when you face financial challenges. 

Our teams will assess your situation, let you know if bankruptcy may be a great fit, and work with you every step of the way. Contact us today to schedule your consultation! 

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