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Why declaring bankruptcy by yourself isn't the right move
If bankruptcy has been on your mind, then you are obviously in a serious financial mess. You're struggling to pay your monthly bills because you have accumulated too much credit card debt due to uncontrolled spending. Or perhaps you have to pay back hospital bills because of an unexpected medical emergency. In any case, you're in tough circumstances and probably feel that you could not take on any more bills at this point.
Why not declare bankruptcy without a lawyer in order to save yourself some money? Well, there are some good reasons not to go in this direction.
There was a time when filing for bankruptcy without a lawyer was more feasible, and you may know some people who tell you that they were able to do so successfully. It was always a good idea to have a lawyer by your side, but it was at least possible in theory to go through the process yourself.
Nowadays bankruptcy is more complex thanks to a recent law passed by Congress, though bankruptcy is still available as an option for many people who need it. In case you're wondering, the full name of this law is the Bankruptcy Abuse Prevention and Consumer Protection Act.
The law is even more complicated than the name would suggest, which is why it is so important to have adequate legal counsel by your side at all times. A good lawyer can help you navigate the maze that is the bankruptcy reform law.
Many have complained that the new law is not fair to consumers, but that's really beside the point at this time. If you have a problem with the law, contact your congressman. For now, you need to realize that there are some procedures to follow, and these procedures get much tougher without a good lawyer by your side.
The bankruptcy lawyer can help you decide how the law applies to your particular situation, since there are so many details and restrictions. This is simply too complex for a layperson to handle in most cases.
Even if you're worried about the expense, it is best to have a bankruptcy lawyer to guide you through the process. After all, if you successfully file the bankruptcy, you'll have a fresh beginning. You should find it much easier to pay for lawyer bills once your other bills have been taken care of with bankruptcy.
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