How much due diligence goes into filing bankruptcy? What are the document requirements?
While these are not questions I get from clients too often, they are two of the most important questions when considering a bankruptcy filing. Why? Because failing to do any due diligence prior to filing could get both the client and the law firm (and me) in trouble with the bankruptcy court. And when you get into trouble with the bankruptcy court, it is the FBI that comes knocking on the door!
So what are the due diligence requirements? We provide all of our clients with document checklists, information, and support. In today's episode, I discuss most of the different common types of documents and information we need. Of course, every bankruptcy is factually different, so the list provided in today's episode is just the starting point.
If you have questions about bankruptcy, please let us know or post a comment wherever you listen to this podcast!
We're also excited about Podfest Origins at the beginning of November, LIVE in Tampa, Florida. You can get more information at www.Podfestexpo.com.
In the event an attorney does not do his or her due diligence, we have our sponsor, Sam Cohen of Attorneys First Insurance who handles malpractice coverage for attorneys and title companies throughout the United States but, right now, has a particular focus on Florida and Texas. If you know an attorney or title company in need of professional liability coverage, please refer them to Sam@AttorneysFirst.com or www.AttorneysFirst.com.
More questions about bankruptcy or just want to know how to have more money at the end of the month rather than month at the end of the money? Check out my book, Become Debt Free in Less Than One Hour at www.ShawnMYesner.com/BecomeDebtFree.