Filing bankruptcy online is an option for individuals that have made a decision to file for bankruptcy. Many people who choose to file bankruptcy cannot afford large attorney fees and decide to file online with companies that specialize in this legal option.
Choosing a service to handle all the details can lessen the stress for those who are going through the process of going bankrupt. Most reputable companies stay up-to-date on the changing laws concerning bankruptcy and can file basic cases within a short period of time.
Another advantage of choosing a company to file bankruptcy online with is most companies can stop creditors from harassing the debtor. The biggest advantage of filing bankruptcy online is you are able to do so at your own pace. You gather and submit your information and forms on your own time.
When filing for bankruptcy online one must first choose a reputable service that has experience in handling both personal and business bankruptcies.
It is also possible to file for bankruptcy online on your own, but you must understand the legal requirements and submit the right forms. A person must submit forms properly and provide all necessary information.
Filing online on your own may be the most affordable option, however, the time, effort, and stress may be too difficult to handle.
The first step to file bankruptcy online is to locate and download all the forms needed to file your bankruptcy. Online software is available to help fill out these forms or you can hire an attorney to do it for you.
You will need to make a list of all the creditors to which you owe money and find out where you need to file your forms.
Next, file a petition along with a series of schedules numbering from A to J and various required statements.
Filing for bankruptcy online requires that you submit your information through an online bankruptcy questionnaire. You will also need to pass an online personal bankruptcy means test in order to qualify to have your debts discharged.
Lastly, although you are essentially filing for bankruptcy online, you must still appear to the court so that everyone has a clear understanding of what is happening.
It is wise to find an experienced company to submit the entire filing with a guarantee.
Rather than trying to do all the long and tedious paper work on your own, choosing an internet based service to handle all the details can be easier and less stressful.
If you make a mistake in filing one form it can cause the return of a case and take up to 6 months to resubmit. Professional online companies can keep that from happening.
We have also included some great links below to information that should prove useful in your decision making