How can you start with your bankruptcy filing? If you want to declare yourself bankrupt you have to begin the process by filing the official bankruptcy forms. You must learn the various methods on how to file for bankruptcy. Your objective is to get the most inexpensive bankruptcy solution and save on legal fees. This article will give you an introduction to the various methods of filing for bankruptcy.

The Safest Method

This is the simplest and safest method to file personal bankruptcy — employ a bankruptcy lawyer full-time. The lawyer will guide you over the whole procedure. It is the attorney’s job to assess, prepare and file your case. During the creditors meeting your attorney will handle all the difficult issues that may arise. The only negative in selecting this method is that it costs more. You must find a means on how to screen lawyers in good order for you to get the best workable deal if you want to use this method.

The Hybrid Method

This procedure is the most adopted technique in filing for bankruptcy. The hybrid method normally works best in filing Ch 7. The key ingredient here is to hire the services of an attorney or law firm to prepare your forms. You need to pay the service provider with a flat fee. Once they file your documents you’re on your own. You can save on legal expenses because part of the solution is a do-it-yourself work. You should look for a bankruptcy preparation service that will also give you a guide on how to handle the do-it-yourself portion as part of the deal.

The Cheapest Method

This method is a full self-help solution or “pro se” filing. You need to teach yourself with the complexness of the bankruptcy laws. You can download the free bankruptcy forms for Ch 13 or Ch 7 but it is usually easier to do this method if you get an up-to-date bankruptcy book or a bankruptcy kit. If you try to ask instructions from your local court clerks they will say they can’t help you. They will not give you advice on how to fill up the forms because that would be considered as “practicing the law” — a task reserved only for local bankruptcy attorneys.

What to Do Next?

Now that you know the different methods of filing personal bankruptcy, which method are you going to use? The new bankruptcy law doesn’t require you to have an attorney, but it is in your best interest to seek the advice of an experienced bankruptcy attorney. If you choose to file bankruptcy with out the help of a lawyer, you must exhibit a lot of patience and diligence. Keep in mind that when it comes to filing for bankruptcy, you either liquidate your assets or you protect them.

Do you want to know where you can find cheap bankruptcy lawyers? Find out how to declare personal bankruptcy with affordable, easy and fast solutions today.

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