Filing an online bankruptcy is appealing, but you can’t actually do it unless you are an attorney. You can order bankruptcy forms online, use online software to help you fill out those forms or find a bankruptcy attorney to complete you petition and file it online – but if you prepare your forms by yourself you cannot submit them online.

You will have to submit a specific number of copies of your petition to the court the creditor matrix has to be submitted a certain way which is different for each court.

Do It Yourself – If you plan on filling out the bankruptcy forms yourself, you will be responsible for learning the bankruptcy laws and finding out where you submit your bankruptcy forms. It will also be important to find out what the bankruptcy exemptions are in your state to use to protect your property.

If you complete the forms yourself you will have to also represent yourself at the 341 hearing. While you can represent yourself, you need to make sure you know the laws in order to protect your property.

Hire An Attorney – Should you choose to hire an attorney, they will review your debts, earnings, and property, advise you on the chapter of bankruptcy that is right for you, they will then complete the bankruptcy forms and submit them to the courthouse.

Your attorney will also accompany you to your 341 meeting. Hiring an attorney is the easiest option for saving you aggravation, but you will of course have to pay the attorney – and for those who can’t pay basic expenses, paying for an attorney may not be possible.

This entry was posted on Friday, June 5th, 2009 at 12:02 pm and is filed under Cash Flow + Credit, Finance Information. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.