Being in the position where you have to file for bankruptcy can be very stressful. Not only is it an ordeal in and of itself, but you have to consider the consequences as well. It will wipe the slate clean in a sense, but at the same time, it is important to consider the ramifications that it will have in terms of your credit and your ability to make the financial decisions that you will want to make in the future. As such, there are certain questions that you should ask your Oakland bankruptcy attorney before actually going through with filing for bankruptcy.
The first question you should ask is: Should I be filing for bankruptcy? You should be well aware of the impact that this decision will have if you do it, including the impact that it will have on your credit. You should also ask this question: What type of bankruptcy would be the best for me to file? Generally, in this situation, the choices will be chapter 7 bankruptcy and chapter 13 bankruptcy. Chapter 7 bankruptcy will wipe out most of the debts that you have, while chapter 13 bankruptcy will require you to pay at least some of the debts. However, this does not automatically mean chapter 7 bankruptcy is a better option in every case. The one that will be best for you will depend on your specific situation. A third question you should ask is: How much will it cost for me to file bankruptcy? You should ask your attorney how much it will cost to make your case, including not only the filing itself but also attorney fees, court fees, etc. You should make sure you know what to expect when it comes to fees in your situation.
If you are in need of a CA bankruptcy litigation attorney due to a situation relating to bankruptcy in your own life, you should consider contacting The Law Offices of Steven C. Finley. If you are looking for an Oakland bankruptcy attorney, the ones at our office will be able to answer any questions that you may have and potentially help you navigate through the specifics of your situation.