Yes, you can file for bankruptcy without a lawyer. This is called pro se filing, a bankruptcy petition submitted by an individual without legal representation. However, because bankruptcy has long-term financial and legal consequences, consulting a knowledgeable attorney is highly advised.
Pro se filing refers to a bankruptcy petition submitted by an individual without legal representation. However, because bankruptcy has long-term financial and legal repercussions, consulting a knowledgeable attorney is highly advised.
The process of filing bankruptcy should be conducted with care, significantly, since many pitfalls can derail your case.
Pro se bankruptcy is joint among people who have simple debt problems and do not earn much money. If you are considering filing for bankruptcy on your own, read on to learn more about this process.
How Difficult Is It To File For Bankruptcy?
The difficulty of filing for bankruptcy depends on many factors, including your income, assets, and debts. If you have high-value assets (such as real estate or stocks), you may find it very difficult to keep those assets if you file for bankruptcy.
In some cases, such as Chapter 13 bankruptcy, you may be able to pay back some of your debt through a repayment plan over 3-5 years or so. In other cases like Chapter 7 or 11, all of your unsecured debt (credit cards) will be discharged immediately, and you won’t owe any money after filing for bankruptcy protection.
Hopefully, this resource will be helpful to anyone who finds themselves in need of a bankruptcy filing, regardless of whether they decide to hire a lawyer or not. If you’ve made it through the entire article, you have at least a basic understanding of how bankruptcy works.
