Prepare For Your Bankruptcy Attorney Meeting

Prepare For Your Bankruptcy Attorney Meeting

Orlando has not escaped the problems associated with the latest recession. Ask any Orlando bankruptcy attorney and they will tell you that they are seeing an ever increasing number of people, from all levels of society, coming through their doors asking for help with reorganizing their finances. Most every Orlando bankruptcy attorney has seen double digit growth, and while it is good to have increased revenue, it does come with a human toll. Many people that your average Orlando bankruptcy attorney is seeing are strangers from the community, but a good number are helping their neighbors, friends and relatives with their financial problems. As often happens, many people are meeting with their attorney and they have no plan. They are mostly in shock and are totally unprepared for the process that will undoubtedly change their lives. Many have saved and have been conservative in their finances all their lives, but became victims of the worst economy in seventy years. Perhaps a job was lost. Or, in the case of a couple, both jobs were lost. Perhaps, too, they also had a major medical or repair bill that was totally unexpected. Then a bad situation went to worse. Many times people think that they can coast along and things will return to normal, but often it does not. Once momentum is built, once finances start sliding downhill, then it just picks up steam. It is before the downhill momentum that people should take action. This is the time to start to look for a good attorney. Finding a good attorney is easy. Finding a good attorney who will be a good advocate for your case is harder. Usually it is harder because the attorney does not know exactly what their client wants or expects. That is why it is good to go in with a plan. Only you know where you want to be in two, three or five years. Reorganizing your finances is not the end of the world; in fact, it represents the best second chance many will have. Once an attorney is retained, the advice is based on each individual case. The advice may be conservative and designed to keep you outside the courts. You may be advised to get a second job, sell some toys and get on a budget. More often then not you will be advised to file Chapter 7 or Chapter 13 consumer bankruptcy. Chapter 7 will have you selling most assets and repaying those you owe from the proceeds. Chapter 13 will have you setting up a schedule for repayment and keeping some assets. Reorganizing your finances is the first step in rescuing your financial future, and a good attorney can be the best first step you can take, and it is better to take that step sooner rather than later.

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