If you do not want to pay for a bankruptcy attorney, or if your finances are relatively simple to deal with, then you might want to look into a do it yourself bankruptcy. Basically what this means is that you will be responsible for filing all of the forms on your own. You will also need to be responsible for speaking with your creditors in order to figure out which bankruptcy plan will be the best for you. This can range from a simple chapter 7 liquidation all the way to a more complicated chapter 13 bankruptcy plan.
One thing that you should keep in mind about a do it yourself bankruptcy is that it can put a lot of stress on you. Therefore, you should only consider going through bankruptcy proceedings on your own if you already have a very good idea of what you are going to do regarding your assets and your debts. You should keep in mind that you will need to list all of your assets, including the ones that are exempt, and all of your debts on the bankruptcy forms.
In order to do a do it yourself bankruptcy, you will need to get the bankruptcy forms yourself and fill them out. You can generally find the forms for free online, so you should definitely not pay any money for your bankruptcy forms. Next, make sure that you look for instructions on how to fill out the forms and file them with your local bankruptcy court.
If you think that a do it yourself bankruptcy is going to be too much work for you, then you should not hesitate to find a bankruptcy attorney. Your financial situation is at stake, so you should make sure that the person in charge of it knows a lot about bankruptcy proceedings – and if you are not up to the task, then find somebody who is. A bankruptcy attorney will counsel you on which type of bankruptcy filing is best for you, as well as walk you through the procedure. You will be able to find out what to expect as far as asset exemptions, and should also get help filling out the bankruptcy forms.