Each Colorado bankruptcy case is unique which means that time and consideration must be given to the facts of that particular client’s case. So, what should that look like? The bankruptcy attorney you hire should take ample time to ask all of the proper questions in order to ensure that the relevant factors are being considered before your bankruptcy case is filed.
Many debtors looking to file a bankruptcy case in Colorado are likely filing a chapter 7 bankruptcy (click here to learn more about chapter 7 bankruptcy in Colorado). A good procedure in a chapter 7 bankruptcy is to have an attorney consultation to review the specific facts for that debtor (click here to schedule your free bankruptcy consultation at Wagner Law Office, PC). The attorney consultation should be done before a price is quoted to the debtor. Once the facts are gathered and a price is quoted, then the required documents need to be gathered. Those documents should be reviewed more than once to ensure that the bankruptcy petition and schedules are correct and accurate. The attorney should review the bankruptcy documents to determine whether or not there are any other concerns or issues that exist that were not known previously. Generally, the next step is for the debtor to come into the attorney’s office to review and sign all of the documents that are to be filed with the bankruptcy court.
On other occasions, a debtor needs to file a chapter 13 bankruptcy (click here to learn more about chapter 13 bankruptcy in Colorado). This type of case is usually very complicated and requires much more time than a chapter 7 bankruptcy normally does. A good procedure in a chapter 13 bankruptcy is to meet with the bankruptcy attorney at a free consultation to discuss the possible options. If a chapter 13 bankruptcy is necessary because the income is too high, then the next step is for the attorney to review the income documentation and perform a mathematical analysis called the Mean’s Test. The Mean’s Test is a math equation that was invented in 2005 and is perhaps the most important indicator of what a debtor may have to pay into their Colorado chapter 13 bankruptcy. Once the Mean’s Test is analyzed, the bankruptcy attorney should meet with the debtor to review it for accuracy and discussion. Thereafter, the procedure of the case could go down many different paths due to the various circumstances of the debtor.
In the end, you should want your bankruptcy attorney to have in place the proper procedures that are going to result in a successful case whether it is a chapter 7 bankruptcy or a chapter 13 bankruptcy. If the bankruptcy attorney has various documents of other clients laying around the law office when you arrive for your consultation, then that’s likely an indication of disorganization. Chances are that attorney won’t know where your documents are when they are needed. Your attorney should be organized and be willing to spend whatever time is necessary to ensure that your bankruptcy case turns out as it should. The staff at Wagner Law Office, PC pride themselves on having the proper procedure in place so that the right questions are asked and that your case is properly considered and filed. Do not trust this important task with an attorney or other individual whose primary concern is to quote you a price before they even know your situation so that they can file your case and move on to the next client.