Fill out the free evaluation form located on this site to speak with a bankruptcy attorney in your area. A local attorney may be able to help you make a more informed decision on whether or not bankruptcy is a solution for you, as well as what type of bankruptcy options are available.
Hiring a bankruptcy attorney may help you navigate through the filing process
Bankruptcy is meant to be a last resort for those who have no other way to pay their bills. Qualification for Bankruptcy depends on many factors such as passing the means test, completing a credit counseling course and a debtor education course.
The three most common types of bankruptcies are Chapter 11, Chapter 7 and Chapter 13. Chapter 11 is for businesses and partnerships, while Chapter 7 and Chapter 13 are for individuals. With Chapter 7 Bankruptcy, your assets (including your home and possibly your car) are liquidated and the revenue generated is used to pay off your debts. With Chapter 13 Bankruptcy, your debt is consolidated to a single monthly, interest-free payment. Under Chapter 13, you do not have to worry about losing your home or car.
While it is not required that you have an attorney for your bankruptcy filing, hiring a bankruptcy attorney may help you navigate through the filing process. The Bankruptcy filing process is rather rigorous and complicated. Your bankruptcy attorney will determine which type of bankruptcy you qualify for, complete all the necessary paperwork and help you get the fresh start you desperately need.