Tag Archives: bankruptcy case

If you are thinking of filing a bankruptcy case in order to protect your financial interest, then it is necessary to hire a suitable lawyer to take up the case. However, a lawyer will take your case after performing a detailed study and asking you a number of questions. In fact, the potential lawyer will like to know what circumstances has compelled you to file bankruptcy case.

numbers, phone and pen

When you meet any bankruptcy lawyer, you can expect following questions initially from him in order to know from you about the reason of declaring bankrupt.

  1. First question that bankruptcy lawyer will ask you is whether anyone has served lawsuit against you.
  2. Whether your home is in foreclosure?
  3. Are you facing eviction threat?
  4. Has any of your creditor drawn money from your bank account?

These are few primary questions that your lawyer wants answers for. He will then assess whether you are qualified for the case or not. Then he will ask following questions about your personal details to ascertain whether you really need to declare yourself bankrupt.

  1. Your marital status and number of children
  2. What is gross earning of your family?
  3. How much you have earned during the last 6 months?
  4. What kinds of debt you have?
  5. Has your creditor obtained any judgement against you?
  6. What are your various immovable assets?
  7. What is the value of your asset?
  8. Have you recently sold or purchased any property?
  9. What do you expect after declaring yourself bankrupt?