Steps for Filing Bankruptcy
So the time has come that you have realized that your debts have accumulated so much that you need to file for bankruptcy. You are not alone. In today’s society, bankruptcy is on the rise due to poor spending decisions, higher living wages and lower minimum wages. So you want to file bankruptcy but you have no idea of what to do? First off, Bankruptcy is a very difficult and time consuming process to do alone.
The first step of filing bankruptcy is to complete a credit counseling course. This new law was mandated in 2005 and must be done within 6 months of filing bankruptcy. After completion of the court you will receive a certificate of completion in which you will give to your lawyer or bankruptcy court in which you filed. This will actually be the start of the filing. Since bankruptcy is a legal decision, you must spend a lot of time in making your decision on whether to file Chapter 7 or Chapter 13 bankruptcy. To do this you need to analyze your situation and try to find out which situation best fits you. On the other hand, by using a qualified bankruptcy attorney you will have this explained to you in less than an hour and have the guidance of an experienced individual in the field of bankruptcy law. Next, this may be the hardest and most time consuming step; you will need to fill out the many forms to become registered with the court. Once again, by using a Bankruptcy attorney will make this step easier and will decrease the chances of making mistakes on the form that will cause your case to be thrown out and require you to the whole process over. After these steps you will have to pay your court fee which is usually $299 for Chapter 7 and $274 for Chapter 13.
Just like any other legal issue, it is better to have some kind of legal counsel during this ordeal. By having a bankruptcy attorney, the stresses of filing for bankruptcy will melt away and your attorney will take care of all the necessary documentation and help get you back on a path towards a new financial future. So do not delay! Contact us today and let BankruptcyHome.com set you up with an experienced and friendly bankruptcy attorney in your area!
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