It can be really easy to fall into such a deep hole of debt that you can't get out of it except by going through bankruptcy. If you think that you are at that place in your life, you want to make sure that you talk to an attorney who works in bankruptcy law before you do anything. There are several reasons why you should do this.
There are various chapters of bankruptcy, depending on how you are filing, whether you are a business or as an individual, what kind of debt you have, and what kind of income you have. Trying to figure out which one is the right one for you can be really confusing, and if you choose incorrectly, it can end up hurting you in the long run. So, you need to go talk to an attorney, lay out all your debt and income information in front of them, and ask them what kind of bankruptcy you should file. Make sure that you spend some time asking questions as to why one kind is better than another for you. The more questions you ask, the more you understand the process and the better you are able to handle everything. All that information can also help you when it comes time to make decisions about your assets, debts, and income.
Part of filing for bankruptcy involves appearing before a judge at least once. You may have to appear before them multiple times, depending on your particular case and what is happening with that. In order to do that and to have the best possible outcome for you, you need to have an advocate by your side. The attorney is going to know what you need to take with you when you appear before the judge and can help you prep for any questions that the judge may have for you. Your attorney will also be able to make sure that all your paperwork is filled out correctly. If there is anything that might've been missed or that was filled out wrong, it could cause the judge to reject your filing or to make you have to go back to do parts of it again.
If you have to file for bankruptcy, you need to make sure that you do it right. Make sure that you hire an attorney so that they can help you with the entire process.