If you currently find yourself in a world of hurt financially, then you've likely considered the possibility of filing for bankruptcy. The personal bankruptcy process was designed for debtors that have nowhere else to turn, and for those that have exhausted other means for financial repair. Though thousands of people file for some form of bankruptcy each and every year, not everyone realizes the costs that come along with it. Perhaps it's the late night infomercials that have skewed our understanding of the bankruptcy process, or maybe it's just blind hope that the costs will be negligible.

Regardless of what you might think about the process, it's far from cheap. In fact, the average bankruptcy will cost at least a couple thousand dollars, though a cheap bankruptcy filing is possible. When looking for ways to reduce the costs associated with your claim, there are really 3 primary ways to achieve this objective –

1. File On Your Own – people have been filing claims on their own for years, and while hiring an attorney to prepare your documents for you might make your life easier, it will also cost you between $1,000 and $2,000. When filing on your own, it's critical that you take the time to fully understand the information you are submitted, ensuring that it's as accurate as possible.

2. Hire A Low Cost Attorney – if you are dead set on hiring an attorney to simplify the process, you may want to look into cheap bankruptcy lawyer options. Shopping around for an attorney is easy if you don't mind using the internet.

3. Hire a Bankruptcy Petition Preparer – in terms of actual work, the preparation of documents is the most time consuming part of a bankruptcy claim. A Bankruptcy Petition Preparer can prepare your documents at a fraction of the cost that an attorney will charge. Though they cannot legally offer you advice or represent you in court, you may not have much use for this type of service anyway.

As you can see, there are a variety of ways for you to save money on your bankruptcy claim. Regardless of how you choose to go about your cheap bankruptcy filing, it's important that you take the time to properly understand the process and what it might mean in terms impacts to your credit rating. You should strongly consider speaking to a qualified financial professional or attending a pre-bankruptcy course that can help you gain some perspective on your situation and your impending claim.