Do-it-Yourself Bankruptcy

With the economy being in the shape that it is in, it isn’t surprising that there has been an increase in the filing of bankruptcies, if you are considering this as an option you may be able to do it yourself and save some money.

Before filing bankruptcy there are a few questions that you will need ask yourself, one is do I really need to file bankruptcy or is there another alternative. Filing bankruptcy should be done as a last resort.

If you are lucky enough to still be working, maybe you can find a way of reducing your debt enough to be able to save your credit; because if you do file there will be a record of it on your credit report for from seven to ten years depending on where you live. If there is no availability of the san diego bankruptcy lawyer, then the case will be fought through the person. A complete research should be done for the handling of the case. 

A good thing you can attempt is a debt settlement program; not to be confused with credit counseling, a debt settlement program may be the lowest cost way to rid yourself of debt, and can eliminate as much as 70% of your debt and have the rest of your debt paid off in three years or less, and it will not have the impact on your credit that a bankruptcy would have.

If you would like to try this way of reducing your debt, you can go to their website to see if they can help you work something out; this could be your best option.

http://www.debtrelief.us.com/bankruptcy/

Credit counseling companies try to work with your creditors to get lower interest rates and to reduce the amount that you pay each month. The debt that they can work with is not limited to credit cards; it can be anything that you have borrowed money for.

Another thing you can try is a debt consolidation loan, although this may not be an option if your credit score is to low to be able to get a loan in this tight credit market, and you do not have enough equity in your house. If you can qualify, you can borrow enough to pay off all of your unsecured debt and make one monthly payment rather than several.

If everything else has failed, and you see no other option but to file bankruptcy, and you want to investigate doing it yourself; you can go to this website, it is a free site that lets you download all the papers that you will need to file without the use of an attorney.