Monday, February 28, 2011

"Will My Bankruptcy Petition Be Approved?"

This question has come up a lot recently during my intakes with clients.  Fortunately, the question is totally irrelevant.  Bankruptcy does not require you to submit all of the details of your financial life for "approval" or "disapproval" by a bankruptcy judge.  Instead, all of the qualifying factors for bankruptcy are already set forth in the statutes and cases that govern bankruptcy law.  If you have a good bankruptcy attorney, he or she can tell you before the case is ever filed (or any fees are ever paid) if you meet the qualifications to have your debts discharged in bankruptcy.

By the time your lawyer has reviewed your case and filed your petition in bankruptcy, all of the guesswork should be long gone and there should be no reason you have to wait to find out if your case will "be approved."

1 comment:

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