Preparing for Bankruptcy

Before you file for bankruptcy, reviewing your financial situation, speaking with an experienced bankruptcy attorney, and examining all of your possible options is best practice. Beyond being able to provide all of the relevant financial information associated with your assets and liabilities, preparing for bankruptcy involves understanding how your income, or lack thereof, along with the goals of your bankruptcy relate to the type of bankruptcy you file.

Preparing for bankruptcy requires a complete and accurate accounting of your assets and debts. Proper due diligence is essential in helping you regain your financial independence, and Duncan & Brow, Attorneys at Law, has decades of experience to assist you. In addition, bankruptcy can often be filed without forfeiting retirement assets, and should be considered before the liquidation of retirement accounts.

The Limitations of Bankruptcy

Obtaining a discharge in either Chapter 7 or Chapter 13 will eliminate debts from credit cards, medical bills, and other personal loans; however, some financial obligations, such as child support, alimony, and tax debts, may not be dischargeable. However, if you are delinquent on any debt that is dischargeable, a Chapter 13 can help you cure those delinquencies and get back on track.

The First Steps in Preparing for Bankruptcy

The first step is speaking with an experienced bankruptcy attorney. At Duncan & Brow, Attorneys at Law, we have helped hundreds of individuals and married couples regain their financial independence. If you are interested in taking the first step toward resolving your own financial troubles, give us a call any time – 24 hours a day, 7 days a week – to schedule your initial consultation.

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The information contained on each page of this website is for informational purposes only and is not intended to be legal advice. The accuracy thereof and the results of your legal matter are not guaranteed by Duncan & Brow, Attorneys at Law, LLLP.
Duncan & Brow, Attorneys at Law, LLLP, has been designated by Congress and the President of the United States as a Debt Relief Agency, and helps to provide debt relief under the United States Bankruptcy Code. Matthew James Duncan and Kathryn Anne Brow Aho are members of the State Bar of Georgia, and the United States District Courts and Bankruptcy Courts for the Southern District of Georgia and the Middle District of Georgia.
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