Filing Bankruptcy on Your Own: Does it Make Sense?

bankruptcy filing at an office with a person signing papers on the backgroundWhile it is possible to file bankruptcy without hiring a lawyer, it is not always advisable. This is because the bankruptcy law itself is complicated and making mistakes may cause the court to dismiss your case. It is also important to know that you cannot ask the trustees and bankruptcy court employees for legal advice, as they are not allowed to do that.

Help with Every Aspect of the Case

There may be countless of bankruptcy resources online, but nothing beats having the right legal representation on your side. You may have heard or read success stories of a DIY bankruptcy filing, but you should keep in mind that every case is different.

Law Office of Davis & Jones, P.C. and other bankruptcy attorneys in Salt Lake City note that while online articles can help, they have their limitations. A lawyer is necessary to help you:

– Learn more about the law and process of filing

– Know which debts are not dischargeable

– Determine the right bankruptcy chapter for you

– Know the tax consequences of filing

– Complete and submit forms

Successfully Competing the Case

It is surely tempting to DIY the case to save some money, but the risks are not worth it. This is because there many things to do to make sure that you’ll successfully complete your case. These involve more than just accurately filling several forms, but also learning how the laws work and knowing your state’s exemptions. You also need to follow all the rules needed to complete the process.

What’s in Your Best Interest?

Even if you believe that you can manage your own case, it is still best to hire an attorney. This is to do things right the first time and avoid making mistakes that could derail your filing or dismiss your case. You should know that if things didn’t go exactly as you planned (especially if didn’t follow the rules), you cannot simply file again or ask for a do-over.

Don’t make the bankruptcy process more stressful and complicated. There may be no law that says you cannot file without an attorney, but it is in your best interest to have one. This is true even if you think you have a simple bankruptcy case.