If you are in a dire financial situation, you might be thinking about filing bankruptcy on your own. You might not mind spending the time to fill out the paperwork yourself, and you might assume that you can do a good job of filing bankruptcy without the help of an attorney. However, although some people do end up filing and handling their own bankruptcy cases without legal representation, it often isn't recommended. These are just some of the reasons why you need to hire an attorney to help you out when filing for bankruptcy.
You Should First Determine Whether or Not You Want to File Bankruptcy
First of all, you should realize that filing for bankruptcy is a major decision, and it's not a decision that you are probably going to want to take lightly. There are many benefits to filing for bankruptcy when you're in a lot of debt and in an overall bad financial situation. However, you should be fully aware of all of the consequences, such as the hit that your credit is going to take for the next few years. To ensure that you are fully educated about the decision that you are making, you will probably want to sit down with a bankruptcy lawyer first.
You Might Need Help With Choosing the Type of Bankruptcy to File
There are different types of bankruptcy that individuals or business owners can file. Chapter 7 bankruptcy and Chapter 13 bankruptcy are both popular options for individuals and couples, for example. Choosing the right type of bankruptcy filing can have a big impact on how successful you are with your bankruptcy, and it's not necessarily a decision that you should make on your own. Instead, consider sitting down with a bankruptcy attorney to talk about your income and debt; then, you can get help with choosing the right type of bankruptcy filing.
Bankruptcy Paperwork Can Be Challenging and Time-Consuming to Fill Out
The process of filling out your bankruptcy paperwork is incredibly in-depth. It can be challenging and time-consuming to fill out your paperwork, and if you make a mistake, it could jeopardize your bankruptcy case. Your attorney can help you with getting your paperwork filled out properly. This makes things much easier for you, and it can help you ensure that your paperwork is filled out properly, too.
As you can see, although it might be tempting to try to file for bankruptcy on your own, it's often not really a good idea. There's a good chance that you will find that hiring an attorney will help you out a lot when you file bankruptcy. Luckily, there are many great attorneys out there who have a lot of experience with the bankruptcy system; if you hire the right attorney, they can help you out with the things listed above and more.
To learn more about your case, contact a local bankruptcy attorney.