Can you file bankruptcy on your own? Technically, yes. But not so fast – that might not be the best idea you’ve ever had and here’s why.
When filing for bankruptcy, you do have the right to do so without an attorney. However, while you might just be trying to save a few dollars, it could end up costing you a bundle.
Bankruptcy is a complex subject. It’s not just filling out forms. Usually, your creditors will have a lawyer representing them and fighting for their interests. Wouldn’t you want to be on equal footing as your creditors?
The biggest benefit to hiring a bankruptcy attorney is that they are able to quickly recognize any potential hiccups that could arise and derail your case. Because of this, they will also be able to plan accordingly for these potential hiccups.
Additionally, a bankruptcy attorney can assist you with other things such as:
Decide which type of bankruptcy to file. If you both decide that bankruptcy is the best option for you, the next thing to do is to determine which type of bankruptcy you will file. Chapter 7 and Chapter 13 serve different purposes and accomplish different goals.
Bankruptcy preparation includes:
Bankruptcy, like most legal matters, is a process and it is best to have a bankruptcy attorney guide you through the process to make it as easy and seamless as possible.
For a general bankruptcy case, you can expect to have these basics as part of your experience:
Filing bankruptcy involves a lot of paperwork and valuable assets – it is important that everything gets done the right way. By forgoing an attorney, you could not only cost yourself money but you could miss out on opportunities and information that could be very useful to you.
Our team is here to help you ensure that this process goes smoothly, allowing you to take full advantage of your fresh start.
Contact our team today to find out how we can help you through this process.