{"id":2951,"date":"2016-05-20T06:38:58","date_gmt":"2016-05-20T13:38:58","guid":{"rendered":"http:\/\/dmaxlaw.com\/?p=2951"},"modified":"2016-05-20T06:38:58","modified_gmt":"2016-05-20T13:38:58","slug":"debt-lawyer-debt-checklist","status":"publish","type":"post","link":"https:\/\/themediabeast.com\/resources\/debt-lawyer-debt-checklist\/","title":{"rendered":"Debt Lawyer | Debt Checklist"},"content":{"rendered":"<h2>Debt Lawyer | Debt Checklist<\/h2>\n<p><a href=\"http:\/\/dmaxlaw.com\/chapter-7-bankruptcy\/\">Debt Lawyer |<\/a>\u00a0When someone is getting ready to file for bankruptcy, it may be a good idea to create a debt checklist. This checklist\u00a0should include a complete list of a person&#8217;s debts, the entities those debts are owed to and a list of assets and income.<\/p>\n<p><strong>Complete Debt List<\/strong><\/p>\n<p>It&#8217;s essential that a person filing for bankruptcy compile a complete list of their debts. If a creditor is not named on a\u00a0bankruptcy filing, obligations to this creditor may not be discharged.\u00a0Many people assume that they only need to obtain a credit report to get a comprehensive breakdown of what they owe.\u00a0However, credit reports are not always 100 percent accurate or current. While it&#8217;s a good idea to run a credit report,\u00a0individuals should also go through their financial records and ensure that they know exactly what they owe.<\/p>\n<p><strong>Debt Owners<\/strong><\/p>\n<p>It is increasingly common for debt collection companies to buy someone&#8217;s debt. Many individuals start out owing money to\u00a0a credit card company but end up with obligations to a different organization. It is a good idea to determine exactly which\u00a0entity owns a person&#8217;s debt, if for no other reason than to notify the debt collector about a person&#8217;s bankruptcy. This can\u00a0prevent future contact or threats from a debt collector after a debt has been discharged.<\/p>\n<p><strong>Assets and Income<\/strong><\/p>\n<p>It may seem counter intuitive to create a list of assets and income for a debt checklist, but if someone is filing for\u00a0bankruptcy, assets and income are an important part of the process. How a person&#8217;s bankruptcy filing goes often depends\u00a0on how much money they make and if they have assets that can be liquidated to pay off debts.\u00a0With a completed debt checklist, a debt lawyer can help someone determine what type of bankruptcy filing will best fit\u00a0their circumstances. A debt lawyer could also assist someone in determining if their debts are able to be discharged and\u00a0explain what types of property are and are not exempt from the liquidation process.<\/p>\n<div class=\"et_pb_column et_pb_column_3_4 et_pb_column_0\">\n<div class=\"et_pb_text et_pb_module et_pb_bg_layout_light et_pb_text_align_left et_pb_text_1\">\n<p>If you are considering filing Bankruptcy in Bakersfield for your business, get advice sooner, rather than later. Call <a href=\"http:\/\/dmaxlaw.com\/\">Max Gardner<\/a> Today at <strong><span class=\"s1\">661-888-4335<\/span><\/strong><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Debt Lawyer | Debt Checklist Debt Lawyer |\u00a0When someone is getting ready to file for bankruptcy, it may be a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2952,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"off","_et_pb_old_content":"<h2>Debt Lawyer | Debt Checklist<\/h2><p><a href=\"http:\/\/dmaxlaw.com\/chapter-7-bankruptcy\/\">Debt Lawyer |<\/a>\u00a0When someone is getting ready to file for bankruptcy, it may be a good idea to create a debt checklist. This checklist\u00a0should include a complete list of a person's debts, the entities those debts are owed to and a list of assets and income.<\/p><p><strong>Complete Debt List<\/strong><\/p><p>It's essential that a person filing for bankruptcy compile a complete list of their debts. If a creditor is not named on a\u00a0bankruptcy filing, obligations to this creditor may not be discharged.\u00a0Many people assume that they only need to obtain a credit report to get a comprehensive breakdown of what they owe.\u00a0However, credit reports are not always 100 percent accurate or current. While it's a good idea to run a credit report,\u00a0individuals should also go through their financial records and ensure that they know exactly what they owe.<\/p><p><strong>Debt Owners<\/strong><\/p><p>It is increasingly common for debt collection companies to buy someone's debt. Many individuals start out owing money to\u00a0a credit card company but end up with obligations to a different organization. It is a good idea to determine exactly which\u00a0entity owns a person's debt, if for no other reason than to notify the debt collector about a person's bankruptcy. This can\u00a0prevent future contact or threats from a debt collector after a debt has been discharged.<\/p><p><strong>Assets and Income<\/strong><\/p><p>It may seem counter intuitive to create a list of assets and income for a debt checklist, but if someone is filing for\u00a0bankruptcy, assets and income are an important part of the process. How a person's bankruptcy filing goes often depends\u00a0on how much money they make and if they have assets that can be liquidated to pay off debts.\u00a0With a completed debt checklist, a debt lawyer can help someone determine what type of bankruptcy filing will best fit\u00a0their circumstances. A debt lawyer could also assist someone in determining if their debts are able to be discharged and\u00a0explain what types of property are and are not exempt from the liquidation process.<\/p><div class=\"et_pb_column et_pb_column_3_4 et_pb_column_0\"><div class=\"et_pb_text et_pb_module et_pb_bg_layout_light et_pb_text_align_left et_pb_text_1\"><p>If you are considering filing Bankruptcy in Bakersfield for your business, get advice sooner, rather than later. Call <a href=\"http:\/\/dmaxlaw.com\/\">Max Gardner<\/a> Today at <strong><span class=\"s1\">661-888-4335<\/span><\/strong><\/p><\/div><\/div>","footnotes":""},"categories":[1],"tags":[1082],"class_list":["post-2951","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-debt-lawyer"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Debt Lawyer | Debt Checklist | Bakersfield, CA<\/title>\n<meta name=\"description\" content=\"If you are considering filing Bankruptcy in Bakersfield, get advice sooner, rather than later. 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