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So You’re Filing for Bankruptcy—What Are Your Next Steps?

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Deciding to file for bankruptcy is no easy choice. In the end, however, if you’ve made that decision, it’s no doubt for the better. It means you’ve exhausted all other options, financially, and require legal protection from the onslaught of creditors and lenders that are making your life difficult, if not outright unbearable. The good news is that you don’t have to go it alone. Once you’ve decided to file for bankruptcy, The Law Office of Veronica Deaver helps you understand the next steps to make the best decisions with the soundest state of mind. 

Our team offers a free consultation at the Law Offices of Veronica Deaver, even if you’re only considering bankruptcy. Contact us for more information about how bankruptcy can save your life. 

So, What Should I Do Now?

More than anything, we wanted to provide you with a list of do’s and don’ts so that, regardless of whom you work with, you make the best decisions as you navigate bankruptcy. 


Do: Consult A Lawyer

This couldn’t be more important. For those who try to go it alone in bankruptcy proceedings, less than 0.1% have positive outcomes in some districts. 

Forgoing a lawyer is essentially a financial death sentence. It’s that simple. The Law Office of Veronica Deaver provides you with decades of knowledge, experience, and positive results within the specialized field of bankruptcy law. Considering that your consultation is free, you’ve got nothing to lose. 

 

Don’t: Go Down The Google Hole

Legal issues are similar to medical issues in that the internet can be dangerous for vulnerable minds. As a layperson when it comes to bankruptcy proceedings, searching various scenarios and outcomes online will invariably lead you to make decisions based on emotion instead of logic and experience. 

Again, your actions should be based solely on the advice of experienced bankruptcy counsel. The statistics don’t lie. 

 

Do: Understand Your Options

A competent bankruptcy attorney will understand your circumstances and your options. They should be able to articulate in no uncertain terms what these options are and their opinion on those options. 

When it comes to bankruptcy, you will have two options: Chapter 7 and Chapter 13 bankruptcy. Yes, other issues are often at hand, such as potential home foreclosures. But the essential decision is whether to file for Chapter 7 or Chapter 13. 

Chapter 7 is known as liquidation bankruptcy. However, most people can keep most if not all of their property. There is an income means test to see if you qualify. 

Chapter 13 is known as a reorganization bankruptcy. It allows you to retain your property, including secured assets like your home and car. However, there is a payment plan depending on your disposable income. 

Experienced bankruptcy attorneys will know which option is best for you. Or, they will understand the nuances that make the decision difficult enough to help you understand which is best for you. 

 

Don’t: Make A Decision Without A Thorough Understanding of Your Options

The major elements of Chapter 7 and Chapter 13 bankruptcy may not be intuitive to everyone. However, a good bankruptcy attorney will make them easy to understand. 

The Law Office of Veronica Deaver brings decades of experience translating the legalese and jargon that’s often meant to scare prospective bankruptcy filers. 

 

Do: Gather Information

Rather than googling your fate, visit the FAQ on our website, where you can find real facts and information about the bankruptcy process. 

 

Do: Work with an Attorney You Can Trust

This isn’t as obvious as it may sound. Working with an attorney you can trust involves much more than knowing they will represent you fairly and soundly. 

At the Law Offices of Veronica Deaver, we’re more than bankruptcy attorneys. We care deeply about our clients and the injustices seen at the hands of our broken and often corrupt debtor systems. We understand the fear, anxiety, and despair of confronting overwhelming debt. More than anything, we know, without a shadow of a doubt, that you will not make the best decisions for your future without proper guidance and an even-keeled perspective. 

Our clients in McKinney, TX, and the greater Collin County, TX area can attest to our focus on both representation and maintaining composure. We help you understand that you’re here because you want something better for yourself; that you need protection from unethical and often unscrupulous creditors and collectors; and that the only way is forward. 

 

Contact The Law Office of Veronica Deaver Today

Veronica Deaver founded her law firm based on the idea that she and her legal counsel would give each client individualized focus precisely when they need it most. The Law Office of Veronica Deaver is more than just representation. We offer a path to financial freedom for more reasons than our knowledge and experience. We also offer guidance that goes beyond the courtroom, helping our clients understand every step of the way while helping them maintain their composure to make the best possible decisions. 

Contact The Law Office of Veronica Deaver today for a free consultation. Give us a call or visit us online for more information about how we can help you begin your journey out of debt today.

Contact Us Today

Contact Us Today


We can help you navigate your way back to financial freedom

(214) 282-5024