If you are considering bankruptcy to help get you out of debt, you'll need to schedule a meeting with a bankruptcy attorney to know what your options are. Here are some things to go over with your attorney before you move forward with the bankruptcy process.
Does It Matter When You File Your Taxes?
Your lawyer is going to want to know about what you have done with your most recent income tax filing, since they'll want to know about if you are expecting a refund and if you have received it.
If you plan to file chapter 7, you can have a completed bankruptcy in as little as five or six months. Some filers, though, are not that lucky. While the below situations are not common with every filer, hiccups along the way do happen, and it's helpful to know what to expect. In addition, understanding the potential hazards might help you prepare to file in a more informed manner. Read below and find out about these problematic situations.