Do you have significant financial problems? Is your car or house going to be repossessed? Are you tired of having creditors bother you? If all of these questions have been answered yes, then there is a potential solution for you. No one in the last couple of years has been immune to the global upheaval. If you are one of the people who has seen the hardest, a realistic alternative open to you is to file for bankruptcy. You will apply for two kinds of bankruptcy; Chapter 7 and Chapter 13. Every form has its pros and cons. You need to secure the services of a bankruptcy attorney to be able to find out what bankruptcy you can apply for. The law allows you, as a person, and not a corporation, to file for bankruptcy without the assistance of a lawyer. This route is, however, not recommended by the US federal government. Want to learn more? click here.
You can’t do it alone when you apply for bankruptcy. In this area, bankruptcy lawyers spend years researching and practicing, so it is very unlikely you will be able to do a better job than them. This area of the law is very difficult and many procedures are involved. To be able to successfully file for bankruptcy, you have to have a qualified and competent professional who has your best interests at heart. You could do it wrong if you tried to do it alone and this could lead to your bankruptcy making you poorer than you were before you sued. For example, if you fail to file a substantial document, you risk losing your rights as a debtor, or you may lose the right to file again in the future, or you may lose some safeguards in future cases. The risk is too high.
In each US state, the process of filing for bankruptcy is different, and even different in each region. For starters, there are federal rules and regulations in the United States that regulate bankruptcy. There are also specific state and court laws regulating bankruptcy. The court in which you end up suing will have different laws from the next city court. It is difficult for you to be able to learn in time by yourself every single law and regulation. You have to make sure that every move in your filing is done correctly and honestly to prevent the possibility of your case being dismissed by the judge. Bankruptcy fraud is a felony, so a jail term is punishable. Your lack of expertise and experience, even though you file correctly, could mean that you do some things wrong, which could appear like you are trying to cheat or lying to the courts.