While determining if filing for bankruptcy is the right decision for you and your family, many people wonder if it is possible to file for bankruptcy without an attorney in order to save money on attorney fees. The brief answer is """"sure"""". However, those who venture down this path must proceed with caution.
The Bankruptcy Court's rules can be viewed by anyone online, in publications that can be purchased from a bookstore, or at the law library in your city. However, interpreting these principles is difficult and time-consuming. Moreover, if you have never studied this type of content before, it can be quite perplexing.
When you seek legal assistance from an attorney, you are requesting that they apply their knowledge of bankruptcy rules to your unique situation. A book or online forum about Bankruptcy cannot provide you with such individualized assistance. In addition, if you rely on a book to guide you through the bankruptcy filing process, how can you be certain that the information is pertinent to your district? The rules of the Bankruptcy court can and do vary between regional courts, and if you make a filing error, the consequences can be financially catastrophic.
When you hire an attorney to file for bankruptcy, it is their responsibility to properly prepare your Bankruptcy Petition, ensuring that your complete financial situation is disclosed to the trustee so that you can maximize your exemptions and retain as much property as possible. Additionally, the Bankruptcy Attorney will secure your legal rights throughout the entire filing process, the 341 hearing, and any post-petition filings.
If you submit your own bankruptcy petition, it will be your responsibility to ensure that all documents are filed on time, to respond to any trustee or creditor objections, and to ensure that the bankruptcy is discharged correctly. Using a bankruptcy attorney can reduce the amount of time and effort required, and can be an investment in your financial future.""
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