Your bankruptcy attorney will never be pleased with many things. You may even say “they” would never be happy with me. Well, this is true, as you will probably be filing for bankruptcy yourself. However, this does not mean that they are totally on your side, or that they are out to get you.
The truth is that they don’t really want you to file for bankruptcy and will do everything in their power to stop you. This can include threatening legal action, telling you that your assets will be seized and so forth. While some things your lawyer might not like, this is the way it’s done for a reason. This happens all the time in the business world. And while many lawyers are not bad people, some are.
Some lawyers are actually quite nice; however, many are nothing like the ads say they are. Things can get messy in a courtroom, and they really don’t like to deal with difficult clients. If you’ve got a good lawyer, you’ll get a lot of satisfaction from the experience.
However, they do have to deal with things like shareholders, creditors, attorneys, etc. So, if you are looking for someone to just sit back and do your dirty work for you, that’s not what they specialize in. Bankruptcy is complex, so you need someone who knows all of the ins and outs of the process. They should also have extensive knowledge of the financial system and the law. A good lawyer will also have years of experience under their belt, because that’s how things are done in the courtroom.
Things like wills, power of attorney, real estate, and the banking industry are among the most common subjects that will come up during your consultation. These are only the tip of the iceberg, but they are things that lawyers are very familiar with. Unless your lawyer has already worked on these types of issues, you should definitely expect to hear about them during your consultation. If things seem to be a little unclear, it might be a good idea to ask questions until you understand exactly what your lawyer will be handling for you.
One of the most important things your lawyer won’t be happy to share with you is their history. Lawyers get requested to look at and review real estate probate agreements, will be asked about trust deeds, and may be asked about tax liens. They must also review your most recent tax statements and financial information. They should also ask how much debt you owe, how much income you make, and even how many employees you have. It is absolutely essential that your lawyer has this information so they can discuss what they will be doing for you.
As you can imagine, there are many other things lawyers get asked about. The more you learn about the process, the better informed you will feel about everything that will happen. Your attorney will want to know things like how much money you make, your home’s value, and things like how much you owe on your vehicle. They should also ask about things like where you work, how much you drive there, and your neighborhood. This will help them build a solid foundation of knowledge around your lifestyle.
These are only some of the things your bankruptcy attorney won’t be happy to share with you. The more you know ahead of time, the easier it will be for you to keep track of everything. There are probably going to be a lot of questions, though. Don’t worry. Your lawyer will do everything in his or her power to answer them.