How to File Chapter 7 Bankruptcy without a bankruptcy Lawyer

Many of you don’t have the necessary amount to hire a lawyer when they file for bankruptcy. Or many of you prefer to pay some debts rather than spend money on legal services. Anyway we wrote this post especially for you the ones that want to file for chapter 7 bankruptcy and cannot afford a lawyer.

In 2005 the US Congress passed a new bankruptcy law. This new law stated that you need to participate in credit counseling before you can file. The credit counseling must be completed with an agency approved by the United States Trustee’s office.These counseling meeting have to determine if you really need to apply for bankruptcy or if there are better alternatives for you.

These courses are mandatory and are the first step in the bankruptcy process.Once your bankruptcy case is over, you will have to participate in another counseling class on learning personal financial management skills to complete your bankruptcy and erase your debts.

Anther dramatic changed affected many people and is about the eligibility for chapter 7 bankruptcy. Under the old law was easy for many debtors to file for Chapter 7 but now this thing changed and may people with higher income are not allowed to do this. Instead they are redirected o Chapter 13 bankruptcy.

In order to check your eligibility you need to compare your currently income with the state median income for a family of your size. This is also called the chapter 7 bankruptcy means test. If your income is equal to or less than the median, you can file for Chapter 7.If not you need to continue taking the means test.

We will continue with the:” How to File Chapter 7 Bankruptcy without a bankruptcy Lawyer part 2” tomorrow.