Bankruptcy Consultant – What Does a Bankruptcy Consultant Do?
A bankruptcy consultant can be a lifeline for a debtor undergoing a Chapter 7 Bankruptcy. While it may seem like a fresh start, filing for bankruptcy is often intimidating, especially because creditors are allowed a constitutional right to access a debtor’s property. These creditors may try to claim the debtor’s property as payment for the outstanding debt. A bankruptcy consultant can help a debtor by offering professional and sympathetic support throughout the process.
Professional support
Bankruptcy consultants can assist individuals and businesses file for insolvency. They can help individuals or businesses create a detailed asset list, gather loan information, and assess property values. They also help individuals determine which chapter to file for and can offer advice and counsel about the final proceedings. These consultants are powerful liaisons who can act as a neutral third party when dealing with creditors and the court. They can provide valuable advice to individuals and businesses in their time of need.
Bankruptcy is a difficult situation, and facing it alone is impossible. However, with professional support from bankruptcy consultants, the process can be less overwhelming. With over 25 years of experience, Daszkal Bolton focuses on providing solutions to help clients overcome their financial hardships and avoid filing bankruptcy. Located in South Florida, they work with business professionals, solicitors, and investors to analyze their situation and devise a plan for continuing operations.
Organizing financial records
Organizing your financial records is an important part of managing your personal finances. You may not be able to find certain documents in your personal file cabinet, and organizing your financial records will help you find the things you need. These records include online banking statements and credit card statements. An experienced bankruptcy consultant can help you manage these records and organize them properly. In addition to assisting you with this process, a bankruptcy consultant can help you with a plan to reorganize your finances.
Getting advice
The process of filing for bankruptcy requires you to disclose your personal financial information. You should therefore hire a bankruptcy lawyer with a good reputation and track record. It is essential to hire an experienced bankruptcy lawyer as an inexperienced attorney can significantly decrease the chances of your case being successful. A bankruptcy lawyer will be able to tell you about the process, including what your options are and what the possible consequences of filing are. Also, a bankruptcy lawyer can help you prepare for the sale of your property to raise funds for filing fees.
When choosing an attorney, remember that a bankruptcy consultant should be someone you trust and feel comfortable with. This means that you need to meet with them before making a decision. Although the first consultation is free, do not make the mistake of trying to rush it. Make the meeting productive and allow the bankruptcy consultant and you to get to know each other. Once you are comfortable with an attorney, you can make an informed decision.
Finding a free legal clinic
The United States has many free legal clinics that provide free bankruptcy assistance. For example, the New York Southern District Bankruptcy Legal Clinic is one such resource. As part of a collaborative effort between the court and the legal community, this clinic provides free consultations to people who qualify for free bankruptcy services. Although this clinic cannot provide legal advice, it can answer basic questions about bankruptcy. In order to qualify for free legal assistance, you must be a low-income person.
If you can’t afford an attorney’s fee, you can try asking a friend or family member for assistance. Bankruptcy is a long-term solution that does not require bailout loans again. If you’re unable to afford a lawyer, try searching for free bankruptcy clinics at your local court. You can also contact your state or county bar association to find out where to find a free legal clinic in your area.