If you're thinking about filing for bankruptcy, you're probably at the end of your financial rope. You have been overwhelmed by a mountain of credit card debt, medical bills, mortgage payments, or all the above. You probably can't imagine yourself taking on any more financial responsibilities or having to pay any additional fees at all.
With this in mind, you might be considering trying to file bankruptcy on your own. Well, don't.
Going through bankruptcy by yourself may have been easier in the past. I'm not saying it was ever a great idea, but it may have been more feasible back then.
However, things have changed dramatically for better or for worse. In 2005, Congress passed the Bankruptcy Abuse Prevention and Consumer Protection Act. If this sounds like a mouthful, it certainly is.
Bankruptcy is definitely still available, but you have to have good legal advice to get through all of the additional obstacles that have been placed in your way. Without this legal advice, you may be biting off more than you can chew.
Some have complained about the law, but for the time being this is what we're stuck with. You should do your best to play by the rules and ask a lawyer for assistance.
The point is that the law is incredibly complex, and bankruptcy lawyers have to work hard just to keep up with it. They're still waiting for courts to make sense of this new law, and no layperson could hope to keep up with these developments.
Save yourself some trouble and go find yourself a good bankruptcy lawyer to discuss the case with.
With this in mind, you might be considering trying to file bankruptcy on your own. Well, don't.
Going through bankruptcy by yourself may have been easier in the past. I'm not saying it was ever a great idea, but it may have been more feasible back then.
However, things have changed dramatically for better or for worse. In 2005, Congress passed the Bankruptcy Abuse Prevention and Consumer Protection Act. If this sounds like a mouthful, it certainly is.
Bankruptcy is definitely still available, but you have to have good legal advice to get through all of the additional obstacles that have been placed in your way. Without this legal advice, you may be biting off more than you can chew.
Some have complained about the law, but for the time being this is what we're stuck with. You should do your best to play by the rules and ask a lawyer for assistance.
The point is that the law is incredibly complex, and bankruptcy lawyers have to work hard just to keep up with it. They're still waiting for courts to make sense of this new law, and no layperson could hope to keep up with these developments.
Save yourself some trouble and go find yourself a good bankruptcy lawyer to discuss the case with.
About the Author:
Don't let the fear of your debt take over your life. Get the facts about bankruptcy and learn how to get control of your debt. To learn how to declare bankruptcy visit us at http://personalbankruptcyquestions.org
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