I am pretty sure that bk would be the best route for me with my current situation. The biggest problem is being able to pay the attournys fees to get it done (the three lawyers I have talked to all range between $50 & $600 plus filing and court fees). They have these "do it yourself bankruptcy" programs that cost considerably less and guarantee that all of the paperwork necessary will be filled out once you enter information that is asked for in the program. I guess my question is, is this a good option or is the extra 300 or 400 for a lawyer really worth it?
NO save the money that you are not paying your bill with and get a good attorney as another member that writes here Brett he is an attorney and he can probally tell u horrow stories where he had to get it straigthened out Albert the wrong paperwork opr advise could hurt you in the long run I've taken over a number of cases where a debtor prepared and filed the various bankruptcy documents without the help of an attorney. Apart from the fact that the schedules generally have to be completely redone (the exemptions are usually wrong, debts are not listed, assets are not listed or are listed or valued incorrectly, the Statement of Financial Affairs is incorrect, and the budget is generally wrong), a number of these people lost their homes as a result of not being advised about what was required, how the process worked, how to value assets, how to deal with various types of debts, etc.--something an attorney is required to do. Others ran into severe problems at the Meeting of Creditors, where they have no one to turn to for preparation or advice, Generally, pro se debtors don't know what the Trustee is looking for, or how to properly deal with the Trustee's questions and concerns. One ended up being charged with bankruptcy fraud--all because she didn't understand the effects of what the information put in their schedules meant. Bankruptcy is a very tricky area of the law (even to attorneys who don't regularly practice it). Interestingly enough for a federal system, it is very state and locality specific. What will work in California, for example, probably won't fly here in Maryland. Do yourself a big favor--see a lawyer.
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