Filing for bankruptcy can be a daunting task, having a severe impact on our lives and that of a spouse if we are a couple, and regardless of the reason (be it loss of one or more careers, no money, exceeding our budget, being sued beyond our means, unemployment, spending too much, or things just not going in your favor), if you have never done it before or don’t know where or who to turn to, you should seek out a professional bankruptcy attorney. And to makes matters worse, especially if you are planning on filing for bankruptcy alone, filing needs to be done correctly, the requirements are extremely technical, and a misstep may affect your rights or ability to file in the future. Therefore, again, you should seriously consider hiring a bankruptcy attorney.
It is very important, and maybe even required by law, to remember the following when filing for bankruptcy:
Can’t afford an attorney, even though we strongly recommend you find one? Free services may be available, and you should search for competent experts and make an appointment. Many law schools have legal clinics that offer free legal services. Court websites are also a great place to get information on free services.
When should you declare bankruptcy? Here are some valid times when you may consider such a drastic, life changing action: