Filing for bankruptcy is not an easy process but knowing the right steps to take can make it go a lot easier. There is a certain way to file and each person has to file for the chapter that would be the most beneficial to them.
The first step in filing is to figure out what chapter would be best for you. Collect all of your debts and companies that you owe and assess the amount of money that you may need to pay. If it is not an amount of money that you can come up with yourself then your next step is to contact each business and see if they will allow you to settle for an amount that you can pay. It is best to avoid filing so doing this step is crucial because some companies will settle.
If you still cannot afford to pay off your bills with settlements than you should consider filing. The next step would be to contact a layer. Contacting a lawyer will help because they can handle your case from top to bottom. The right lawyer will be able to give you advice and will even help you figure out what chapter to file.
Once you have filed with the court, your lawyer will send out letters to each place that you owe letting them know that you have filed and which chapter you filed under. The letter usually will communicate with the company not to contact you anymore and to discharge the debt.
Filing different chapters requires different information. This is why it is best not to handle this matter on your own. A professional will better advise you on what to do and will let you know what you will need to complete the process. Searching online can help find the right lawyer for the case.