Deciding to voluntarily file for Chapter 7 Bankruptcy is a tough decision to make for most people. After all, filing Chapter 7 essentially is your way to invite your creditors to liquidate all of your assets and distribute the proceeds amongst themselves to repay your debt. (Note: a Bankruptcy Trustee is the one charged with the liquidation task, but ultimately, the Trustee works on behalf of your creditors).
Knowing how emotionally difficult such a decision is, you should not have to stress over the multitude of forms that need to be completed. As evidenced by the extensive list of forms published the US Courts website, filing for bankruptcy can be a complicated matter. So complicated, in fact, that it has created opportunities for people to actually charge for their service of helping you through the complicated paperwork.
In most cases, people will seek the advice and assistance of a bankruptcy trustee or other specialist. However, there are many bankruptcy attorneys who will also help (for a nice fee, of course). Continue reading ‘Navigating the Chapter 7 Process Requires Help’ »