How do you go about filing for bankruptcy?

Question

How do you go about filing for bankruptcy?

Answer 1

This should be your last option.  But if you want to do this speak with an attorney.  I would talk to one that will give you a free consultation.  You might want to consider doing a debt negotiation program as a way to stay out of bankruptcy.

Answer 2

Call legal aide and they will help you. I am sorry you are going through that. I am equally sorry people can be so heartless especially when they don't know you or your life.

Answer 3

usually the last thing you want to do.

if it to save a house, the way to handle this is through a bankruptcy attorney.

some people take a chapter 13 or 7 for the credit card debt and leave the mortgage arrears out of it then come to us to modify the loan or obtain a loan workout to keep the house.

this depends on the nature of the hardship and terms/structure of the loan.

if you are in an adjutable home loan that became unaffordable or in foreclosure, I am available for further discussion upon request.

Answer 4

I think it is a really, really, really crappy thing to do. You should always pay your debts. You made promises to people when you took their goods or services. You promised to pay them. You will be breaking those promises. You made the mistakes, you need to fix them, however uncomfortable it is for you. Do what you must to repay your debts. It is your MORAL obligation.

Answer 5

open yellow pages, find slimy attorney, proceed.

Answer 6

Don't listen to these people that think "it's a crappy thing to do". They haven't walked in your shoes and there is a reason we have it. It's the same reason that companies get to do it, a fresh start. If you're just abusing the law to abuse it that is another story.

No respectable person wants to claim bankruptcy but sometimes a person needs a fresh start and that's the reason it exist. The key is to learn from your mistakes and try not to let it happen again.

Their are multiple ways to file for it. You can go to a lawyer and pay them around $1,500 (some are less) or you can also do it yourself. You'll have to list all your bills whether your behind on them or not.

It can actually be seen as a smarter financial move to file for bankruptcy than to try to pay it off. If you owed 50,000 and it would take you 15 years to pay it off, even with reduced rates and payments, etc, but do a bankrupcty and have it removed from your record in 10 years, the latter would be the smarter financial move.

Companies do what's best for the company. You do what's best for you. If you can afford a lawyer, get a lawyer. If not, get a software to help you file for bankruptcy and to it yourself.

Whatever you do, don't listen to people that want to tell you what's right and wrong. This is about finances and the smartest moves, not what others believe to be "the right thing to do".  

Answer 7

You can contact a bankruptcy attorney. They are listed in your local yellow pages.