Mind of Money

October 31, 2017 at 2:30 am

Bankruptcy Filing Without a Lawyer: Should You Do it?

Client consulting a lawyer

Many debtors file bankruptcy on their own or without an attorney. Some do so because they believe they can’t afford a lawyer, while others assume that they can do it on their own. There are also those who think that they have a simple case and the process is all about filing forms. Filing a successful bankruptcy case alone is a possible, but this is not advisable for every situation.

All By Yourself

The US Courts strongly recommend finding the right legal representation, as bankruptcy cases have legal and financial outcomes. Note that if you decide to this on your own, you will need to understand the law and prepare the necessary paperwork. Salt Lake City bankruptcy lawyers, Utah Bankruptcy Pros note that you cannot ask court employees or the trustees to give you any legal advice, as they are not allowed to do that.

How Lawyers Help

While you may have heard stories of successful filing, it is important to remember that not all bankruptcy cases the created the same. You cannot just follow a generic advice and expect that it will be the same for your situation. Online articles and how-to guide cannot always provide you with the smartest guidance for your case. A lawyer, on the other hand, can help you with the following:

Decide which chapter is right for you

  • Explain the law and the process
  • Let you know about dischargeable debts and the tax consequences of bankruptcy
  • Assist you in completing and submitting the forms
  • Help you with most aspects of the case

The Law is Complicated

Bankruptcy lawyers spend years to master to the law. This is why you cannot expect to learn bankruptcy in just a few weeks or months. Note that making mistakes and misunderstanding the law can negatively affect your rights. There is also no do-over, and if things don’t go as expected, you cannot change it or call timeout.

Bankruptcy itself is complicated and filing it without an attorney can make the process even more complicated and stressful. It is best to hire an attorney so you will be guided through the process and proceed with your case properly.