How to Declare Bankruptcy With Ease

DylanMurphy | Oct 29, 2010 |

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If you want to declare bankruptcy without any major difficulties never try to do it yourself. Bankruptcy is a sticky process for some people, and you may need a qualified bankruptcy attorney to really make it through the process. Many offices specialize in bankruptcy and only bankruptcy. This is good news for you, because it not only means that they are specialists who have done this time and time again, but it also means that they are willing to work with you for their payment and retainer. These offices usually have very reasonable fee schedules and payment plans that can help you during this most difficult of times.

Before going into the office, there's another thing you need to do to declare bankruptcy with ease. You need to go ahead and write out your monthly budget, including all categories of expenses and income. You'll also want to get together copies of all of your bills, as much as is possible. You'll want to check your credit as well to see if there are any old creditor bills that you might have to deal with. If you miss even one single bill during the course of the bankruptcy process that bill will be excluded from the bankruptcy and you'll still have to pay it. You'll want all of this information right in front of you when you meet with the attorneys and fill out the bankruptcy paperwork.

By law, you are required to go through the appropriate bankruptcy and financial counseling before you enter into the bankruptcy process. One way you can do this is over the phone through a program that your attorney directs you to. Sometimes you can take the counseling online, answering test questions. Then you print out a certificate that proves you did the work and hand it over to your attorney. Or you can take a more complex course, like Dave Ramsey's Total Money Makeover course. The idea is that you never want to have to file bankruptcy again. Once you've got the process started make sure that you follow all of your attorney's instructions and all of the court instructions. Any mistake could cause the trustee to dismiss your case or change it's chapter rating, which could have even more negative consequences for you later on down the line.