Bankruptcy is too complex to go it alone
12:36 AM
If bankruptcy has been on your mind, then you are obviously in a serious financial mess. You're struggling to pay your monthly bills because you have accumulated too much credit card debt due to uncontrolled spending. Or perhaps you have to pay back hospital bills because of an unexpected medical emergency. In any case, you're in tough circumstances and probably feel that you could not take on any more bills at this point.
Why not declare bankruptcy without a lawyer in order to save yourself some money? Well, there are some good reasons not to go in this direction.
Going through bankruptcy by yourself may have been easier in the past. I'm not saying it was ever a great idea, but it may have been more feasible back then.
However, things have changed dramatically for better or for worse. In 2005, Congress passed the Bankruptcy Abuse Prevention and Consumer Protection Act. If this sounds like a mouthful, it certainly is.
Bankruptcy is definitely still available, but you have to have good legal advice to get through all of the additional obstacles that have been placed in your way. Without this legal advice, you may be biting off more than you can chew.
Many have complained that the new law is not fair to consumers, but that's really beside the point at this time. If you have a problem with the law, contact your congressman. For now, you need to realize that there are some procedures to follow, and these procedures get much tougher without a good lawyer by your side.
The point is that the law is incredibly complex, and bankruptcy lawyers have to work hard just to keep up with it. They're still waiting for courts to make sense of this new law, and no layperson could hope to keep up with these developments.
Save yourself some trouble and go find yourself a good bankruptcy lawyer to discuss the case with.
Why not declare bankruptcy without a lawyer in order to save yourself some money? Well, there are some good reasons not to go in this direction.
Going through bankruptcy by yourself may have been easier in the past. I'm not saying it was ever a great idea, but it may have been more feasible back then.
However, things have changed dramatically for better or for worse. In 2005, Congress passed the Bankruptcy Abuse Prevention and Consumer Protection Act. If this sounds like a mouthful, it certainly is.
Bankruptcy is definitely still available, but you have to have good legal advice to get through all of the additional obstacles that have been placed in your way. Without this legal advice, you may be biting off more than you can chew.
Many have complained that the new law is not fair to consumers, but that's really beside the point at this time. If you have a problem with the law, contact your congressman. For now, you need to realize that there are some procedures to follow, and these procedures get much tougher without a good lawyer by your side.
The point is that the law is incredibly complex, and bankruptcy lawyers have to work hard just to keep up with it. They're still waiting for courts to make sense of this new law, and no layperson could hope to keep up with these developments.
Save yourself some trouble and go find yourself a good bankruptcy lawyer to discuss the case with.
About the Author:
Don't let the fear of your debt take over your life. Get the facts about bankruptcy and learn how to get control of your debt. To learn more about the new bankruptcy law visit us at http://personalbankruptcyquestions.org
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