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Should I file bankruptcy without an attorney?
Although it is not necessary to hire a lawyer when filing for bankruptcy, it is highly advisable because of the complexity of bankruptcy laws. It can be to your best advantage to seek legal advice to explore all the possible options. Hiring a lawyer can cost around $1,600 to $2,000. Should you choose not to hire a lawyer when filing for bankruptcy, it is best to obtain as much information as you can about the process. Ask around. Take into consideration all pros and cons.
No matter which state you reside in No matter which state you reside in, you can legally file bankruptcy without an attorney. You can doir yourself or hire us Nationwide Paralegal Services that are much less inexpensive
Beware when Filing Yourself. Bankruptcy paperwork seems simple enough, especially since the changes to bankruptcy law in 2005. It is very tempting to do it yourself. You may feel that you have nothing to lose, or you may simply be the sort of person who often does his own work.
Unfortunately, there are quite a few mistakes that individuals make when filing. The biggest problem is leaving a creditor or some property off the paperwork. Leaving a creditor off of your paperwork can create huge problems. Even if you believe that kind of debt cannot be discharged, you could be mistaken. And even if you leave someone off on purpose (because you wish to pay back the debt you owe them) this causes the court not to have a complete picture of your credit obligation. It is important that the court knows everything there is to know about your case in order to help you properly assign your debt.
When property is left off the schedules, it is most often because people forget. Here are some of the more common forgotten items:
- Retirement funds
- Tax refunds
- Trust funds
- Interest in a probate estate that is pending
- Partnership interest
- Lawsuits that have been filed
Filing bankruptcy is stressful, and it is not easy.The decision as to whether to use an attorney should be taken very seriously. After all you will have many questions throughout the process – and if you mess up badly, your case could end up being dismissed altogether. Because of the long-term legal and financial consequences, you need to strongly consider obtaining sound legal advice.
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