There are two ways that you can choose to file bankruptcy. You can choose to file on your own, or you can choose hire a bankruptcy attorney. It is critical that you also take some time to consider why you are filing in the first place. When you are thinking about how to file bankruptcy, think about your current financial situation and any personal assets you have.
The Common Reasons People File for Bankruptcy
Individuals usually cite several common reasons for their decision to want to file for bankruptcy. Some of these reasons are:
- Medical expenses
- Credit card bills
Many individuals believe that once they learn how to file bankruptcy, the filing will be an easy way for them to get rid of their debts. However, the process is not as simple as many believe it is. The laws have changed. Consequently, it is harder for individuals to successfully get a discharge without having valid reasons to file bankruptcy.
Others do not take the time to consider other alternatives before filing. Make sure that filing is your last resort and not your first choice.
What Is Your Current Financial Situation?
If you do not have an income, you have little money in the bank and you do not own any valuable assets, you may not receive any financial relief by filing for bankruptcy. You can discuss your specific situation with a bankruptcy attorney in your area.
Schedule a Consultation to Learn How to File Bankruptcy
Once you have decided that filing for bankruptcy is the only option you have, schedule a consultation with a bankruptcy attorney. Many attorneys offer free consultations, and during this time the attorney will give you advice on the type of bankruptcy you should file or if filing is even an option.
The attorney will explain the specifics that you need to know about the entire process such as the “means test”. In addition, the attorney will also explain the implications the bankruptcy will have on your credit report.
To avoid the complications that can accompany individuals who want to know how to file bankruptcy on their own, retain the services of an experienced attorney. This way, you will have an experienced professional working on your behalf.
Do you want to know the right way to file bankruptcy and you live in the Atlanta area? Speak with an experienced attorney at Douglas Jacobson Law Firm.