There are many factors that lead you into handling the process of filing for bankruptcy without a lawyer. The most common among them is the lack of resources to cater for the fees that are charged by the lawyer. This is made worse by the fact that some practicing lawyers are out to take advantage of your situation and rip you off your little and almost non-existent finances.
The process of filing for insolvency alone can be quite a success, but only if you do it right. Getting the procedure right require that you have all the relevant information and that you get to understand how each chapter of the law affects you. It also requires that you understand under what circumstances your debts can be forgiven.
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Many debtors have gone ahead and taken advantage of these facts. They have given twisted information so as to manipulate the outcome of the case to favor them. Unfortunately, they have failed to understand that there are serious consequences to giving untruthful information regarding why they are filing for bankruptcy.
Some of the common mistakes that many debtors fall for include omitting some property from your declaration, with the hope that no one will find out, most people do so to prevent losing their property, not realizing that it could actually cost them more, because it is considered as bankruptcy fraud. Others have omitted the names of some of the creditors whom they thought could not be discharged from the insolvency case. This turns out to be a terrible mistake once they realize that there was great chance for getting a relief from those very debts.
Is Bankruptcy Right For You? Talk to Bankruptcy Attorneys Free and Confidential. Licensed bankruptcy attorneys are available. Attorneys will call you to discuss your case for free. Find out if bankruptcy is right for your situation.
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