Why do you have to come up with so much to file bankruptcy?
613183
Man!  Do I disagree with the comment about filing your own bankruptcy!  \n\nIf you are low income, there are provisions in the law allowing for some financial help.  Just ask the bankruptcy attorney.
43474
I would say no. Filing bankruptcy should be an absolute last resort. It ruins your credit for a long time.\n\n$8,000 is really not that much money. Why can't you do something to earn extra money to pay it off? A second job? Babysitting? Something like that.
1136700
Go and get a proper lawyer!!  These companies have an abundance of money to spend on lawyers, and they love tying up a case for as long as possible, hoping you'll go bankrupt or go away ... don't give up!  Get a lawyer who knows what he's doing, even if he costs a bit more!!
180757
there are laws protecting you to a point. The bank wants their money and they would rather you pay the entire load and not go into bankruptcy. So talk to them, ask them if you can add small payment onto the load.\n\nSeek advice from an accountant/lawyer.
29976
the simple method is when your current liabilities are greater than your current assets and your long term assets are not easily liquidated/borrowed against AND your prospects for future cash flow do not appear to be able to cover your future immediate liabilities.  Also, if you are avoiding creditor calls (business or personal) for most of your day, it's probably time to file or close down.
947437
Just my opinion....but I've seen this from a lot of differant angles.\n\nI have seen a lot of very smart paralegals...and a lot of very dumb lawyers.  Just because they are a lawyer does not make them extremely smart or immune from screwing up a case.\n\nIn many law offices, the paralegal does a lot of the actual work, and is "probably" capible of doing a bankruptcy case.\n\nBut you need to keep one very important point in mind.  Under the new bankruptcy laws, if you make one mistake...missfile one form...goof up one procedure...then your bankruptcy case will be dismissed.  If that happens you can not file again for one year.  In that time, you can bet your creditors will do everything they can to get their case to court and get their money within that time!  Especially now that they know you are filing for bankruptcy.\n\nSo with that said...if you have a very simple bankruptcy you could probably get away with a paralegal.  But anything else, I would highly recommend a qualified lawyer.
112594
Yes, it's one of the better choices, when trying to keep your credit rating good. Often, you end up paying less than you owe, or get a lower payment, that enables you to pay off the whole amount easier. It's better that you call them too, instead of waiting for them to find you (and find you they will!). I did that with a credit card and got my payments lowered to less than a third of what they were demanding. Of course, I told them it was either that or bankruptcy. They chose the reduced payment. And because of that, my credit score goes up every year that I keep up with my payments. And, I raise the payment by a couple of dollars every 6 months, showing that I'm making an attempt at paying it off quicker, which is something they like. All in all, you owe them money, so it just makes sense that you make whatever arrangements you can to pay it back. <*)))><
1106428
You don't.  Bankruptcy is an extremely complex proceeding.  You need an attorney to do it properly.\n\nIf you insist on doing it yourself, first step is to get a law degree, and then pass the bar exam.  That should take 6 - 8 years.  Even then, you'll have a fool for a client and an idiot for an attorney.
736317
You got a consolidated loan setup to lower interest on multiple loans you had trouble paying. That's your fault. Keep on the plan you have now or declare bankruptcy.
660853
Bankruptcy means you lost all your money.
757006
In order to file for bankruptcy they have to show all of the account records.  If the company has shredded financial documents they can not file bankruptcy because they can not show proof of financial records.
803577
I do believe you can file more than once considering Walt Disney filed for bankruptcy 5 times before Disneyland was financially successful.\n\nMost areas offer free debt counselling. They will provide all the answers you need.
935661
You call your bankruptcy attorney and ask them.
106751
Lawyer fees and filing fees.  The filing fees are for the courts so you can't control that.  The only aspect you can control is the lawyer fees.\n\nThere are many aspects that have to be researched..whom you owe, how much, their legal claim, collaterized, etc.\n\nAlso they have to figure out the mechanism for disbursal of assets and have a person in charge of that process.\n\nLots of complexity and tasks that need to be done to implement the bankruptcy.  The more parties involved the more expensive it will be.
811257
It's the way the laws were written - the assumption is that if you went to college, you should make enough money to pay those loans back.  If they allowed bankruptcy, I'm sure that 40%+ would file, since they'd have no money right out of school.
693886
Most experts do not think it is a good idea to file for bankruptcy even though it is tempting.  Why?  It does more long term damage than you can imagine.  Talk to your debtors about payment options, sell things that you can, and go work in McDonalds if you have to.  Good luck.
44840
Tough luck. \nThey just changed the bankruptcy laws in October '05. \nNow it costs more to file, but before you can even file, they make you jump through a bunch of hoops, and I guess their pushing chapter 13 (the payback plan)...\n\n\nGood luck!