This is not a scenario someone wants to face – sinking into a sea of debt. If your financial situation has deteriorated, and bills are starting to accumulate, you might have considered filing for bankruptcy.
This is extreme action, and despite the negative impact of bankruptcy on credit and moral reports, more than 1 million people filed for bankruptcy in 2013. If your financial situation is out of control, and you don’t see another way to free your debt, a lawyer both can help you through a complex bankruptcy filing process while protecting your assets as much as possible.
Do You Really Need a Prosecutor to Go Bankrupt?
After you decide to file for bankruptcy, you might be wondering if you really need a lawyer. After all, the process is quite expensive – the cost of filing for bankruptcy article 7 is $ 335, and $ 310 for article 13. The attorney’s fees can then average above $ 1000 for chapter 7 and around $ 3000 for chapter 13. Your financial situation it’s been terrible, so do you really need to pay more money for representation?
While the law does not require you to have a lawyer, and many people choose to apply for pro SE (without a lawyer), you can risk doing that. In a 2011 report from the US Bankruptcy Court in Central California, 28% of dealers of bankruptcy did not use a lawyer (nationally, 9% of users chose to go pro se). In chapter 7 cases were submitted pro SE, 60. 9% succeeded in carrying out debt, compared to 94. 5% success in the case was submitted to a lawyer. Rules governing bankruptcy procedures are very complex, and simple mistakes such as forgetting to register assets, skipping deadlines for filing documents or filling out forms can cause …