If you're currently considering the option of filing for bankruptcy then be prepared for a wild ride. Though most people don't know it, the seemingly simple task of filing a claim can be one of the most stressful and time-consuming financial repair options around. Too often borrowers get caught up in the false message spread by unscrupulous pro-bankruptcy companies – that claiming bankruptcy is a simple process available to help people get around their debt obligations. The fact is that nothing could be further from the truth; the bankruptcy process is not simple, nor should it be thought of as a quick-fix option.

Because the filing process can be fairly intense, it's a good idea not to go down the path on your own. Often times, people set out to file a claim without any professional assistance, and while it's possible to do so, it's not at all recommended. Fortunately, acting on your own isn't necessary as there are several bankruptcy preparation services available. So, are these services worth it and should you pay them money to help you through your claim? In my opinion, the simple answer to this question is yes. Given all the work that's required to prepare and file your claim, it's well worth paying an agency some money to do the work for you. Unlike a full-fledged bankruptcy attorney who can legally provide representation and legal advice, a bankruptcy service company is primarily meant to provide assistance with document preparation and filing, which just so happens to be the most time consuming aspect of a claim.

In addition to providing assistance with preparing and filing, a good service company will provide the following benefits –

• Asset Allocation – filing a claim will place many of your non-exempt assets at risk of being taken away. Prior to filing, it's critical that you properly allocate your assets in order to protect them from seizure.
• Enforcement of "Stays" – once your claim has been approved, a stay will be initiated, which prevents your creditors from contacting you directly. There are many service companies out there that will help to enforce these stays.

Choosing a company that provides bankruptcy preparation services is relatively simple as long as you follow a few basic rules. Before hiring someone to help you with your financial issues it's important to properly evaluate their company. You should be able to find detailed information on the web regarding a variety of companies. It's also a good idea to set up an initial consultation to gauge their level of professionalism and knowledge related to your particular kind of case.