If you have been thinking about filing bankruptcy, you might have done a lot of research online. If this is the case then you might be thinking that you have done enough research to handle it on your own. Even though this might seem like a good way to cut costs in your bankruptcy, you should know that filing bankruptcy without the help of a lawyer is often not a good idea for the average person. These are a few reasons why:
1. It Can Be Very Time-Consuming
For one thing, you should be aware that filling out all of the paperwork and handling all of the other aspects of your bankruptcy case can be incredibly time-consuming, particularly if you are learning along the way. Lawyers, however, often have various paralegals and other people working with them who can help with the process. Additionally, with their knowledge they are often able to get things done with your bankruptcy case much more quickly than your average person could. This can save you a lot of time, which you might not have a lot of to begin with.
2. It Can Be Much More Confusing Than You Think
Bankruptcy is not as simple as many people think. There are various types of bankruptcies that you can file, and there are many laws that go along with the world of bankruptcy. Some cases are much more complicated than others as well, such as if you have a lot of debt and assets or if you are filing bankruptcy for both your business and your personal finances. You might find that getting answers online and figuring these things out on your own is more difficult than you anticipated.
3. You Could Put Your Whole Case at Risk
Lastly, you should know that you could end up putting your entire case at risk if you aren't careful. If everything isn't done properly in regards to bankruptcy, your case could be dismissed. In some cases, you even have to worry about facing criminal charges for fraud. Bankruptcy is not something to play around with, and the last thing that you want is to put your case at risk by trying to handle it on your own instead of searching for chapter 7 bankruptcy filing assistance.
As you can see, there are a few reasons why it's not a good idea for you to file bankruptcy without the help of a lawyer. Luckily, there are a lot of great bankruptcy lawyers out there, so you should be able to find one who can help with your case.
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