Chapter 7 or Chapter 13 Bankruptcy in Littleton: Is Filing Bankruptcy without an Attorney a Good Idea?

Is it a good idea to file bankruptcy without an attorney in Colorado? Read more in our blog.
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While filing a Chapter 7 or Chapter 13 bankruptcy without an attorney in Littleton is possible, it is not wise in most cases. There are many complex aspects of a Chapter 7 and Chapter 13 bankruptcy, and if you make a mistake during the Chapter 7 or Chapter 13 process, it can be costly.  Additionally, making a mistake could mean you won’t receive the financial relief you are looking for. In today’s blog, we’ll discuss some of the possible problems you may face should you file bankruptcy on your own.

Aurora Chapter 7 and Chapter 13 Bankruptcy Problem #1: Filing Bankruptcy Under the Wrong Chapter

Since an Aurora Chapter 7 bankruptcy is different than a Chapter 13 bankruptcy, it is important you have a bankruptcy lawyer help you understand which bankruptcy to file. For example, a competent bankruptcy lawyer may advise you to file a Chapter 13 bankruptcy if your income is too high to file a Chapter 7 bankruptcy, or if you want to save your home from foreclosure. In other cases, a bankruptcy lawyer may advise you to file a Chapter 7 bankruptcy if you can’t afford to pay back your debts over a three to five year repayment plan in Chapter 13. There are many aspects to consider when determining which bankruptcy you should file or qualify for. Filing for the wrong chapter can lead to many consequences, such as losing property, unintentionally committing bankruptcy fraud, or not receiving a discharge for some of your debt.

Centennial Chapter 7 Bankruptcy Problem #2: Forgetting Required Documents or Filling Them Out Incorrectly

When you file a Chapter 7 or Chapter 13 bankruptcy in Centennial, you must complete required bankruptcy forms such as Schedule A/B: Property, Schedule E/F: Creditors Who Have Unsecured Claims, or Schedule J: Your Expenses. These are only a few of many of the required bankruptcy forms. If you do not remember to file required bankruptcy documents, or fill them out incorrectly, you may not be able to file another bankruptcy case or face other consequences. Additionally, if you fill out one of the required bankruptcy forms incorrectly, such as if you forget to list a debt, that debt may not be discharged. Or, you may be accused of committing bankruptcy fraud if the judge thinks you are hiding or lying about your debt.

Chapter 7 Bankruptcy in Parker Problem #3: You Must Be Familiar with All Bankruptcy Rules

If you are filing pro se in Parker, you must follow all rules and procedures in federal courts. Further, you must be familiar with the United States Bankruptcy Code, the Federal Rules of Bankruptcy Procedure, and the local rules of the Colorado bankruptcy court you file in. The bankruptcy code is complicated, and all of the rules surrounding bankruptcy can be overwhelming to try to understand on your own. A bankruptcy attorney who is well-read in bankruptcy law can help you understand these bankruptcy rules and procedures and make sure you follow them correctly.

Bankruptcy Lawyer in Greenwood Village: Call Bankruptcy Lawyer Barry Arrington

The reasons listed above are only some of many reasons why filing bankruptcy in Greenwood Village alone can be challenging. In fact, the United States Courts recommends “seeking the advice of a qualified attorney… because bankruptcy has long-term financial and legal outcomes.” If you consult bankruptcy lawyer Barry Arrington, he can help you figure out which bankruptcy is best to file and whether your debts can be discharged. He can also go through bankruptcy law and bankruptcy rules with you, help you complete required bankruptcy forms, and much more. Don’t add to your stress level by trying to file a Chapter 7 or Chapter 13 bankruptcy on your own. Contact Christian bankruptcy attorney Barry Arrington today to schedule a free initial consultation.

If you are considering filing for bankruptcy on your own, first, contact experienced bankruptcy attorney Barry Arrington for a free consultation at 303-205-7870. He will give you a good perspective on the benefits of filing, and the best path towards financial freedom.

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