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Ever wondered how to file a bankruptcy on your own? Well wonder no more, here is the quick 5 minute course on how to do it!
That's it. How hard can it be? Avoid attorney fees and file it on your own.
So what's the catch? Why do people use attorneys in probably 95% of all cases:
Bottom line - filing on your own is a good option when you have a lot of time on your hands and can go to the bankruptcy assistance desk to help along the way to confirm your filings are done right. This is great for people who have racked up alot of debt say $60,000 in credit card debt are now unemployed, getting harassed by creditors and will not likely be re-employed for at least one year. This is true of people in the construction business and other long cycle industries. Another good application for filing on your own is when you have made alot of money in the past, have lots of debt and then suffer a disability which becomes permanent leaving you with an income that is often only 20% of your former income. In this case you won't be taking on more debt in the future and you are really in no danger of a lawsuit or garnishment, but you simply want to clean up and get rid of all of the old debt so that you can focus on your new life. Many times these folks will do best using legal aid associations providing pro-bono - free bankruptcies. One large organization that is used in Cook County is: Legal Assistance Foundation of Metropolitan Chicago
For a free 1/2 hour bankruptcy consultation to learn whether you qualify for debt relief under bankruptcy or should even consider filing on your own, please call 877-GO-GO-NLO (877-464-6656) or Click this link and email your request for a consultation.
- Fill Out the Required Bankruptcy Forms
- Take your pre-bankruptcy credit counseling course at least one calendar day prior to your filing
- File your bankruptcy by going to the Federal Clerk of Court in your district
- Submit your Chapter 341 Documents within 14 days to the bankruptcy
- Attend your 341 Meeting
- Wait for your Discharge Order!
- Need Help - Contact the Bankruptcy Assistance Desk
That's it. How hard can it be? Avoid attorney fees and file it on your own.
So what's the catch? Why do people use attorneys in probably 95% of all cases:
- What do you fill - in the forms?
- How do I reaffirm a debt? - such as to keep my car or home
- How do I fill out the means test? - It's worse than doing my taxes
- What do I say and do at my 341 meeting?
- Should I be using a Chapter 13 bankruptcy for my higher income and/or need to save my home?
- What is a motion for relief from stay?
- Why has the trustee filed a motion to dismiss?
Bottom line - filing on your own is a good option when you have a lot of time on your hands and can go to the bankruptcy assistance desk to help along the way to confirm your filings are done right. This is great for people who have racked up alot of debt say $60,000 in credit card debt are now unemployed, getting harassed by creditors and will not likely be re-employed for at least one year. This is true of people in the construction business and other long cycle industries. Another good application for filing on your own is when you have made alot of money in the past, have lots of debt and then suffer a disability which becomes permanent leaving you with an income that is often only 20% of your former income. In this case you won't be taking on more debt in the future and you are really in no danger of a lawsuit or garnishment, but you simply want to clean up and get rid of all of the old debt so that you can focus on your new life. Many times these folks will do best using legal aid associations providing pro-bono - free bankruptcies. One large organization that is used in Cook County is: Legal Assistance Foundation of Metropolitan Chicago
For a free 1/2 hour bankruptcy consultation to learn whether you qualify for debt relief under bankruptcy or should even consider filing on your own, please call 877-GO-GO-NLO (877-464-6656) or Click this link and email your request for a consultation.
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