Bankruptcy......What are the questions to ask while talking to an attorney???

Question

My friend's mom asked me to look up a bankruptcy attorney for her, I am not sure if it's her mom that will being going through this or what. So I would like to know what she needs to ask an attorney before filing bankruptcy...The pros the cons the hidden questions you should ask, etc etc... Please help so I can print and give it to her...thank you!!

we live in texas*san antonio if that matters any..

Answer 1

One should never file for bankruptcy unless it's the only and final option.

Chapter 7, 11, or 13 are the categories. Ask the shark the pros/cons of each. Chap. 7 does not cover taxes. When the bankruptcy is discharged you only have 30 days to pay up (plus accumulated penalties and interest).

Answer 2

You can check this website out and print out the details to show her the difference between the types of bankruptcy filings. www.bcsalliance.com          Bankruptcy should be the LAST RESORT. Most attorney will see her on a first time free consultation or free first hour consult.  They will look at her income, debts, assets and last 4 years of taxes. The questions she needs to ask are what happen before during and after the filing to get the information from the attorney so she fully understands what is going to happen thru the process. If she has a home, vehicles, stocks, bonds, taxes owed, things to this nature that she needs to find out what happnes to them when she files. She first need to see counsel to find out what she qualifies for first. She can write down questions before she goes like what happens if she loses the home or wants to let it got foreclosure, or what happens if a vehcile is repoed. She should be able to come up with some questions on her own regarding her property. Write them down and ask the attorney, then when she's in the office, which most people are nervous, write his/her answers so that when she leaves the office, she doesn't forget what the attorney advised her to do. She will have to provide the attorney with copies of pay stubs for the last 6 months, last 4 years of taxes, assets, listing of all debts. The website I provided you is a great information source for debts, credit, and bankruptcy issues.   Good Luck!