Choosing to file for bankruptcy is obviously no easy decision, and in most instances, those who do so have exhausted any other options they have. At that point, many wonder whether or not they need a bankruptcy attorney in Sacramento. After all, it’s just going to cost more money for a person who’s already in debt. In fact, a full nine percent of all bankruptcy filers in America in 2011 went at it on their own. It’s important to realize, though, that there are several ways that this can blow up in a person’s face.
Bankruptcy Filing Errors
Some of the most common mistakes that those who file for bankruptcy on their own make are filing errors. Many individuals simply fail to fill out all necessary paperwork, and if this is not done, it can easily lead to further creditor harassment and loss of property.
Additionally, a person could accidentally file under the wrong Chapter. Chapter 13 and Chapter 7 bankruptcy discharge filings, along with all others, are completely different from one another. A person who doesn’t have a knowledgeable Sacramento bankruptcy attorney at their side could end up losing property unnecessarily if they file Chapter 7 when they could manage with Chapter 13.
Mistakes in Bankruptcy Rules
Those who file for bankruptcy on their own often take a shot at Google and suddenly think that they know everything there is to know about bankruptcy. The simple fact, however, is that no website is going to know all of the rules in a given area.
The bankruptcy trustee in one district, for instance, could have completely different rules than those in another. Fortunately, a local bankruptcy attorney in Sacramento will know all of the necessary rules to successfully file and get the best outcome for their client.
Filing for no Reason
One of the biggest mistakes that a person can make is filing for bankruptcy when there’s really no need to. Yes, bankruptcy will make some debts simply go away; but filing can be more difficult on their credit rating than not paying at all. What many people don’t realize is the fact that some creditors won’t even go after them.
In some instances, a person simply doesn’t have enough assets for creditors to waste their time on. In this situation, they’re known as “judgment proof” and the debt will often be written off. A bankruptcy lawyer can use the Fair Debt Collection Practices Act to end harassment from creditors. Eventually, these debts will simply roll off a person’s credit report and they’ll have a fresh start anyway.
Speak with a bankruptcy attorney today and find out how getting a fresh start is as easy as pressing the restart button! Call now 916-446-1791