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Bankruptcy Law Blog

Wednesday, September 19, 2018

Planning to File for Bankruptcy on Your Own? Think Again.

The internet has given rise to many online services purporting to help you be your own lawyer. They market themselves as a good low cost or even free option so long as you are willing to roll up your sleeves and put forth a little effort. Seem too good to be true? Unfortunately, they often are when it comes to filing for bankruptcy. An increasing number of people are attempting to file their own bankruptcy cases, often with problematic results. Read on to learn why hiring an experienced bankruptcy lawyer is the better option.

Do You Know What Bankruptcy Can and Cannot Do?

Many people mistakenly think that bankruptcy is a magic “get out of jail free card” that can eliminate all of their debt in one fell swoop. While bankruptcy can be a very good option for getting you financially back on track, it is not a magic bullet. Bankruptcy does not always eliminate all of your debts, which can come as a surprise to those who self-file and expect to emerge on the other side of the process debt-free. Having an experienced Alabama bankruptcy attorney by your side who can give you realistic expectations about what debt you will and will not have left at the end of the process is an invaluable asset to have at your disposal when you are filing for bankruptcy.

Do You Know What Kind of Bankruptcy You Should File For?

Many self-filers are also surprised to learn that “bankruptcy” is not one concept and that there are, in fact, different kinds of bankruptcy you can file for. Furthermore, once they do learn there are multiple kinds of bankruptcy they are often unsure as to which kind they should file for. The two kinds of bankruptcy individuals can file for are Chapter 7 bankruptcy and Chapter 13 bankruptcy, and determining which is the best option for you can be a complicated process involving determining whether you qualify for certain income exemptions. Again, having an experienced Alabama bankruptcy attorney at your side who can sort through all of your debts, assets, income sources to determine which kind of bankruptcy is best for you is critical.

Do You Know What Documents You Need to File?

Filing for bankruptcy involves filling out a significant amount of paperwork, including an incredibly lengthy federal packet and often court forms. If you do not file all of the required paperwork your bankruptcy case will be dismissed and you will be back to square one. You do not want to have your progress towards financial stability thrown off-course by such an easily-preventable mistake. An experienced Alabama bankruptcy attorney can ensure that this does not happen, as they will make sure all necessary paperwork gets filed in the appropriate forum on time.

Need to File for Bankruptcy?

Bankruptcy is a good option for many people hoping to get back on track, but it is also a complicated legal process involving difficult assessments and nitty-gritty procedures. While the idea of saving a little bit of cash sounds appealing, the most important thing for you to do when filing for bankruptcy is to make sure it’s done right the first time. Contact the experienced Alabama bankruptcy attorneys at Padgett & Robertson today.


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Padgett and Robertson assist clients with Bankruptcy, Personal Bankruptcy, Consumer Bankruptcy, Chapter 7 Bankruptcy, Chapter 13 Bankruptcy and The New Bankruptcy Law in Mobile, Alabama and throughout southern Alabama. Alabama State Bar Association Regulations require the following: "No representation is made that the quality of the legal services to be performed is greater than the quality of legal services performed by other lawyers." 11 U.S.C. 528 of the U.S. Bankruptcy Code requires the following: "We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.”



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Alabama State Bar Association Regulations require the following: "No representation is made that the quality of the legal services to be performed is greater than the quality of legal services performed by other lawyers." 11 U.S.C. 528 of the U.S. Bankruptcy Code requires the following: "We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.”