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isaia321

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How can i file for bankruptcy?

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First thing to think about is that a bankruptcy totals your credit for ten years and bad debts hurt for only 7.  Also, some debts such as student loans and taxes are not dischargable.  Think very carefully before deciding to proceed, and only doso after gathering all the information possible.

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The first thing that you need to do is some serious reading about it, so you know how it works and how it will affect you. Second step is to speak to a bankruptcy attorney and ask them questions and their advice on what to do. Many bankruptcy attorneys will give free consultations.

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The question to ask is "Should You"

file for bankruptcy and what does that mean.

First, realise that filing costs money.  Usually anywhere from $3K to $5K & up depending on your assests and what you are filing on. Thats attorneys fees and court costs.

Realise that taxes and school loans won't be taken off  and you will still have to pay those. 

Depending on what type of filing you do, you may still be required to make monthly payments to the court who will make payments to your creditors. 

all in all, Its a very complicated process.  Talk to an attorney to get the best advice for your situation. 

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