QUESTIONS TO ASK

YOURSELF AND YOUR

ATTORNEY BEFORE FILING

FOR BANKRUPTCY IN

COLUMBUS

SCOTT R. NEEDLEMAN COLUMBUS BANKRUPTCY AND FORECLOSURE DEFENSE ATTORNEY

If you Decide to File at the Present Time, You Should Know What the Future Holds and then Do Whatever You Can to Improve your Finances Across the Board.

Questions to Ask yourself and your Attorney Before Filing for Bankruptcythecolumbusbankruptcylawyer.com 2

Filing for bankruptcy is not something you do on a whim. It is a calculated

financial decision that will change your life in many ways. Before you

decide for or against this, there are questions that you need to answer

based on your personal financial situation. At the same time, there are

questions you need to ask a bankruptcy attorney as this type of legal

professional can provide you with the advice and knowledge you require.

Even though your bankruptcy attorney can help in many ways, the final

decision is yours to make. This is why you need to consider the pros and

cons of filing, including what this means to you now and how it will impact

you in the future.

QUESTIONS TO ASK YOURSELF

Below are five questions to ask yourself if bankruptcy is on your mind:

1. Do you continually carry a large credit card balance from

month to month?

This is one of the first signs that you are facing financial distress. While

this may not signify the need to file for bankruptcy, it is a sign that this

could be on the horizon.

2. Are bill collectors hounding you to make payment?

This is more than being in debt. This is being in debt and not making an

attempt to pay the creditor.

If this is true in your life, you are in more trouble than the debt that you

owe. There is also a good chance that your account has been sent to

collections. As a result, your credit score will begin to fall.

Questions to Ask yourself and your Attorney Before Filing for Bankruptcythecolumbusbankruptcylawyer.com 3

3. Do you get the feeling you are in too deep to dig yourself

out?

It would be ideal to get your

finances back on track without

filing for bankruptcy, but if you

are in too deep this may be a

challenge that you are not willing

to stand up against.

Only you know how bad your

situation has become, and whether or not you can fix things without

filing for bankruptcy.

4. Are you using credit cards because you are spending all your

money paying off debt?

This is a common situation, and one that will just get worse over time.

Although it is good that you are using your cash to pay off debt, it is

important to remember that you are accumulating more debt at the

same time. In other words, you may be making progress with one

creditor but getting further behind with another.

5. Are you unsure of how much debt you truly have?

Many people who are in a bad

financial spot do not know how

much debt they have. All they

know is that they owe a lot of

people a lot of money, and have

no idea of how they are going to

pay it back. For those who don’t

Questions to Ask yourself and your Attorney Before Filing for Bankruptcythecolumbusbankruptcylawyer.com 4

even know how much debt they have, devising a plan, outside of

bankruptcy, can be a challenge.

QUESTIONS FOR A BANKRUPTCY ATTORNEY

After you answer these questions, you may still be up in the air as to

whether or not filing for bankruptcy would be in your best interest. This is

when a bankruptcy attorney can step in to assist you.

Here are five questions to ask when consulting with an attorney for the

first time:

1. Do you feel that bankruptcy would help me get my finances back on

track?

2. Can you explain the pros and cons of filing for bankruptcy?

3. Can you explain the difference between Chapter 7 and Chapter 13?

4. What is the process for filing bankruptcy?

5. When everything is said and done, will I truly be in a better financial

position?

When you ask these types of questions to a bankruptcy attorney, you know

you are going to learn more about this process than you ever imagined. Let

your legal professional guide you when making a decision.

Questions to Ask yourself and your Attorney Before Filing for Bankruptcythecolumbusbankruptcylawyer.com 5

YES OR NO TO BANKRUPTCY?

What is good for one person may not be good for another. This is why you

have to review your own situation and make your own decision regarding

bankruptcy. With the help of a qualified attorney, this is not nearly as

challenging as it sounds.

If you decide against bankruptcy, you need to create another plan for

getting your finances in order. If you decide to file at the present time, you

should know what the future holds and then do whatever you can to

improve your finances across the board.

Questions to Ask yourself and your Attorney Before Filing for Bankruptcythecolumbusbankruptcylawyer.com 6

About the Author

Scott R. Needleman

Every associate at The Needleman Law Office is committed to handling

your case in both a personal fashion and in a professional manner. In other

words, we treat you the way we would want to be treated. We will take a

personal interest in your situation, making sure you understand exactly

what is happening and what options you may have. Then we’ll fight to

ensure the best possible outcome for your situation.

The Needleman Law Office 5300 E. Main, Suite 109

Columbus, OH 43213 614-575-1188 http://thecolumbusbankruptcylawyer.com/