By financen | February 19, 2009 - 4:56 pm - Posted in Bankruptcy

Your personal finance will be in good shape if you have the right knowledge and skills to manage it. Not having the proper management on your financial decisions can go to the extent when you will consider filing for bankruptcy. And if you have already decided for it, you need a good attorney who specializes in filing chapter 7 bankruptcy cases.

Filing for Chapter 7 bankruptcy is an important step and it must be done correctly. There were major changes made by the congress in the bankruptcy laws few years ago. Due to the changes, the filing process has got more complex and requires a good lawyer. Some lawyers pointed that the bankruptcy laws have got so complex that they need to work very hard to understand it. Judges may still struggle to interpret it years from now.

An attorney is required in the process of filing chapter 7 bankruptcies. Few years back, it was possible to do it on your own, but nowadays, this is not feasible anymore because of the changes in the laws.

While you are dealing with an attorney, make sure that you explain your financial situation very thoroughly so that he can build the best case possible. Browse through the internet and read various articles to stay updated about the bankruptcy process so that you have a better understanding with your attorney when he is preparing your case. Get all your financial records together so that you know exactly where you stand and help the attorney to prepare your case.

This entry was posted on Thursday, February 19th, 2009 at 4:56 pm and is filed under Bankruptcy. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.


  1. February 19, 2009 @ 10:05 pm

    You offer very valid and precise advice. I filed for Chapter 7 bankruptcy recently and I wish I had been more prepared. If you follow the advice given here, you will be one step ahead of the game.

  2. March 29, 2010 @ 10:23 pm

    While the new bankruptcy laws added some forms and a required “credit counciling” class, many thousands of people are still able to file bankruptcy without an attorney using quality bankruptcy software. In fact pro se (self filing) cases have increased in many states and districts due largely to increased attorney fees