These 6 Tips Will Get You Through A Worry-Free Bankruptcy Process

worry-free bankruptcy


By:Mike Cibik


Experience a Worry-Free Bankruptcy

I know what you are thinking: worry-free and bankruptcy cannot be in the same sentence. You can have a worry-free bankruptcy!

When you decide to file for bankruptcy, half the battle is over. A bankruptcy is just another way to take care of debt. It should not be entered upon lightly, for there are consequences.

The bankruptcy will stay on your credit report for ten years. You’ll be able to get a credit card after you are discharged, but it will have a high-interest rate. The same goes for financing a car. But you already know how serious a bankruptcy is.

Yet, you have the power to make your bankruptcy case go smoothly by working with your bankruptcy attorney. It may be obvious, but there are things you can to ensure this.


Ways to Make the Bankruptcy Process Go Smoothly

1. Check all correspondence: This means print and electronic. There is a lot of paperwork generated for a bankruptcy, and most of it will be mailed to you. You should review each piece so that you are truly engaged in the process.

You will need to arrange a time to appear at the first meeting of the creditors, also known as the 341 Meeting. It’s interesting to note that it’s not a meeting but a hearing. The trustee assigned to your bankruptcy case (Chapter 7 bankruptcy) conducts the hearing.

The creditors are invited, but not all show up. We want this meeting to be quick and to the point. So, it’s in your best interest to use short answers.

You aren’t there to defend your decision to file for bankruptcy. This meeting is to validate the information in the bankruptcy papers. It also provides the opportunity for you to give the trustee any information to determine exemptions and non-exemptions.


2. Review your documents: You should review all of the documents generated from your case as well as the documents you supplied. It’s a good habit to review everything that has your name on it, especially your signature. Most importantly, read over your bankruptcy petition before it’s filed.

You must be truthful and accurate (to the best of your knowledge) on these pages. There is the penalty of perjury, since the case is filed with the United States Bankruptcy Court. It is vital that you list all assets, liabilities, income, expenses, recent property transfers … etc.


3. Alerting your bankruptcy lawyer of any changes:  Tell your bankruptcy attorney of any changes to your life, such as getting a new job, laid off, sick or an inheritance. It does you no good to try and hide such big life changes as well as assets and money.


4. Ask questions: Filing for bankruptcy is a serious decision. To help put your mind at ease, you should ask as many as questions as you can.

It’s also important that you build a strong relationship with your bankruptcy lawyer, so you feel comfortable asking him or her anything related to your case. At Cibik & Cataldo, you are our number priority. We are here to help you through every step of your case.


5. Gather all of your paperwork: Your bankruptcy case is on a short timeline. What helps things to move quickly is when you have all of the documents that are required.

Delays mean trouble, so it’s imperative that you respond quickly to your bankruptcy lawyer. If you have an issue with obtaining a document, don’t hesitate to call your attorney.


6. Try to relax: Going through a bankruptcy is stressful. You are upset that you had to make this decision and then you are nervous because you don’t what to expect or what your future holds. This comes back to trust; trusting your lawyer to have your best interests at heart.

You can trust that we will stand with you from start to finish. We handle bankruptcies every day, and nothing surprises us. We provide a welcoming environment where you are treated with respect.


See What We Can Do for You

When you understand all the facts, you are in control. The same goes with bankruptcy. But where you get your information is just as important.

At Cibik & Cataldo, you have our legal team on your side. We take pride in being courteous and professional. Communication is key in a bankruptcy case, so we explain everything and respond to your calls promptly.

To help you get started, we offer a free consultation, which means you can talk to an experienced attorney for free. You’ll understand your position and get the bankruptcy help you need.

We want you to feel secure and confident in your decision to file for bankruptcy and with the law firm you choose to represent you. Call us today at (215)-735-1060 to set up your appointment.  


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