If you live in the United States, then it is important to make sure that you get the right bankruptcy information for the type of bankruptcy that you intend on filing. For instanc,e if you are going to file personal bankruptcy, then you need to make sure that you get information that is specific to personal bankruptcy. There are many ways that you can do this, from looking up the information yourself, to going to a bankruptcy attorney. Depending on your financial situation and how much you know about bankruptcy, you might be able to deal with filing for personal bankruptcy on your own.
However, if you do not know much about bankruptcy, or if your financial situation is at all complicated, then you may want to go to a bankruptcy attorney instead. Any attorney should be able to help you get the information you need in order to make sure that your bankruptcy filing goes well. Chapter 7 bankruptcy is the normal type of bankruptcy filing that you will be looking at if you are going to file personal bankruptcy. One thing that is important to note is that the laws regarding chapter 7 bankruptcy were made stricter in October of 2005 – so you should make sure that you get new and updated information.
Another type of bankruptcy that you can file is chapter 13. This is different from chapter 7 bankruptcy because it allows you to pay off your debts instead of simply getting them erased.
Some of the rules that have changed regarding personal bankruptcy include how long you need to wait before you can file for bankruptcy. For instance, if you have ever filed chapter 7 bankruptcy in the past, then you have to wait at least eight years before you are allowed to file chapter 7 again. You will also have to wait between two and four years before you can file a chapter 13 bankruptcy, depending on what type of bankruptcy you have filed in the past.
If you are worried about what personal bankruptcy might do to your credit rating, then you should probably look for an alternative to filing bankruptcy.