Do I need an Attorney to File Bankruptcy?

When it comes to filing bankruptcy, many people are extremely curious if this is something they can do themselves, or if they need an attorney to do so. You would think that if you have to file for bankruptcy due to lack of finances, you most certainly could not afford an attorney. However, many people do get an attorney to help guide the through the bankruptcy process because it is a lengthy one.

Yet, you can file for bankruptcy yourself and this can save you a lot of money if you are able to do so. However, you will want to prepare yourself for this by educating yourself on the process. Listed below are some things you may want to consider doing to prepare yourself for the process:

1. Make a list of all debts you have. This will include the amount of the debt as well as the creditor and their address as well. This will make it easy for you to contact your creditors and give you an exact amount of debt that is owed as well.

2. Contact the government to get all the needed forms. When you file for bankruptcy, there are a lot of forms that will have to be completed. These can usually be obtained through the federal government. When you take the time make sure you have all the documents together initially, it can save you a lot of hassle down the road.

3. Know what type of bankruptcy you are going to file. You can file bankruptcy by Chapter 7 or Chapter 13, but it is very important you know ahead of time which you plan to file.

It is an individual decision when it comes to filing for bankruptcy, whether you get an attorney to assist you or if you do it on your own, either way it is a big decision.