Many people who are in a financial crisis often ask this question - how can you file bankruptcy yourself? Well the answer is that there is such a thing called "do it yourself bankruptcy" but you have to be very careful when you attempt to file for bankruptcy yourself. Since this is a legal procedure, it is not simple. It involves complex forms to be filled up and any mistake in forms can lead to your case being dismissed. The information you present in your case should be complete and accurate else there are chances that your bankruptcy case may be declined.

Since you are already in a financial crisis and out of money, how will you be able to afford an expensive lawyer to represent your bankruptcy case in the court? You may not be able to give him his fees. That is the reason may people ask the procedure on filing bankruptcy themselves. Well, as mentioned above the procedure is available but you have to be very thorough in your preparation.

Let us go through the steps involved in filing bankruptcy yourself:
1. First of all, you need to determine whether you really need to file for bankruptcy? If there is any hope that you can avoid it, you should do your best to do that. Life after bankruptcy is very hard and you should try to find suitable bankruptcy alternative. If there is no option available, then you need to move to next step.

2. Make a list of all outstanding payments and debts payable by you to other creditors. Make sure that you cover everything. If anything is missed out in the list, it will not be waived off later.

3. Find out which type of bankruptcy you need to file. There are basically two types for individuals - Chapter 7 and Chapter 13. In chapter 7, most of your debts are waived off but it will make it almost impossible for you to get any loans after bankruptcy for next 7 years. In chapter 13, you will be required to repay the debt within 5 - 7 years. In case you are not sure which option is right for you, you should consult an attorney.

3. Go to government's website and download the bankruptcy related forms for the type of bankruptcy you are going to file.

4. Fill up the forms completely and accurately. Then take an appointment with your local courthouse for a hearing.

5. Face the creditors and explain how you got into this situation. Also you need to take credit counseling program so that you can manage your future finances properly.

Filing bankruptcy yourself may take a lot of effort therefore it is usually recommended to take help from a specialist attorney. But if you can spend the time and effort to get that done, you will end up saving a lot of money which is required for an expensive lawyer.