If you are preparing to file for bankruptcy in the state of Ohio, you are probably starting to realize just how involved the process actually is. This is the main reason that bankruptcy attorney in Cuyahoga Falls, Ohio is such a smart choice at this time. This article will talk about the important things you might want to know as you and your bankruptcy attorney work together to prepare and file your bankruptcy case in Cuyahoga Fall, Ohio.
One important thing that you need to know about is that the 2005 Bankruptcy Act of the United States states that you must go through a credit counseling program at some point in the six month time period preceding your official filing for bankruptcy. Your attorney will be able to help you find an appropriate program that is convenient for your schedule and close to your home. After you have actually filed for bankruptcy, you will also need to attend a financial management program. Your attorney can also help you to find an appropriate program that will not take too much time from your schedule.
The bankruptcy means test is something that your bankruptcy attorney in Cuyahoga Falls, Ohio will help you with. The reason for a bankruptcy means test is to determine whether or not you can qualify for a chapter 7 bankruptcy. If you can’t meet the qualifications for a chapter 7 bankruptcy you will typically be allowed to file a chapter 13 bankruptcy so you will usually have an option of some type. Even if you have trouble meeting the standards of the means test, there is a chance that your attorney may be able to work it out so that you are able to file for chapter 7 bankruptcy after all, depending upon your expected future income and ability to repay in the next five year period.
One of the most essential things in any bankruptcy will be the paperwork. Your attorney will need to work closely with you on this, and it is important to give him the most updated and truthful information that you can. When you visit your bankruptcy attorney for the first time, take along your bills for the last several months, your recent tax returns, and any loan documentation. If you can write up a brief summary of your monthly expenses, this will also be very helpful to your attorney as he prepares your bankruptcy case.