What steps are followed to file for bankruptcy?
The particular steps in a bankruptcy are different based on the Chapter you file. However, all bankruptcy cases start as follows: a) First you must decide whether you will prepare the bankruptcy yourself or use an attorney. This site provides a step-by-step approach to preparing and filing your own bankruptcy. However, if at any time you decide that you prefer to have an attorney represent you, this site has links to bankruptcy attorneys in your community who will credit the fee you pay for this do-it-yourself service towards their attorney fees. b) Next, you should begin to accumulate the documents and information needed to complete the bankruptcy paperwork. Completing the bankruptcy paperwork requires debtors to provided detailed information about their assets (consisting of a list of the assets and the fair market value of the assets), liabilities (including the names, addresses and account numbers for each creditor), income (during the three years prior to the bankruptcy, and month