Online Bankruptcy
Filing an online bankruptcy is appealing, but you can’t actually do it unless you are an attorney. While you can download bankruptcy forms, buy software to complete your bankruptcy forms online or hire a lawyer to fill out your bankruptcy forms online – but if you prepare your forms by yourself you cannot submit them online.
You will have to submit a specific number of copies of your petition to the court and each court has different rules for the creditor matrix as well.
Do It Yourself – You can choose to complete your bankruptcy petition yourself, you will need to research and find the information applicable to your state and to the local courthouse you are zoned for. In addition you will need to acquire a list of exemptions for your state to use in order to exempt your property from being sold in a chapter 7 bankruptcy.
If you complete the forms yourself you will have to also represent yourself at the 341 hearing. Representing yourself saves money, but it can be daunting if you are not familiar with bankruptcy law.
Hire An Attorney – Hiring a bankruptcy attorney is also an option, they will review your debts, earnings, and property, advise you on the chapter of bankruptcy that is right for you, and then prepare your bankruptcy petition and file it with the courthouse.
Your attorney will also be responsible for representing you at the 341 meeting. While this method requires the least amount of work and aggravation on your part, it is often high on cost.
