If you are one of the unfortunate many who are struggling to pay debts and simply cannot afford to do so, then you are probably considering bankruptcy. And let's face it; if you are already in this situation then you probably want to make it so you have fewer bills - not more. It is for this reason that so many seek to file for bankruptcy without an attorney, to save money
However, if you file for bankruptcy without an attorney, you really do set yourself up to fail. Yes, you have probably heard loads of people telling you about how you can file for bankruptcy without an attorney, how they did it themselves etc. But I would hazard a guess that this was prior to 2005.
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Back in 2005 and after extensive campaigning by credit companies, Congress made a huge set of reforms to bankruptcy laws in order to prevent those who do not really need to declare bankruptcy from doing so just because they are unwilling to repay debts. This was known as the Bankruptcy Abuse Prevention and Consumer Protection Act. If you think the name of that law is complicated, then you should take a look at the laws themselves! Essentially, these changes made the bankruptcy code hugely difficult to understand, even by the standards of the professionals. So going it alone simply is not an option now.
In fact, so complicated were the reforms, that a number of institution professionals refer to it as the Bankruptcy Abuse Reform Fiasco, 'lovingly' shortened to 'BARF'.
So with the new added complications, avoiding attorneys is a bad idea. If you want to be successful in filing then you really need to accept legal fees will be a part of it and chalk them up as essentials that you will just have to pay!
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