Using A Bankruptcy Attorney
An attorney can help you determine whether chapter 7 or chapter 13 bankruptcy is the best option for you. Chapter 7 is much harder to file for and results in all assets being liquidated. Chapter 13 is easier to file for and results in current finances being restructured for the purpose of paying back creditors. Specific requirements have to be met for both chapter 7 and chapter 13 bankruptcy. Determining the total cost of filing for bankruptcy and paying these costs is necessary before taking your bankruptcy case to court. These fees cannot be written off as part of the bankruptcy debt. They will have to be paid by you at the time of closing. This will typically include your court cost provided by your attorney. This is not the end of the world and as soon as you realize that life goes on you can start rebuilding from scratch and live your life.
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