You may wish to start at the table of contents and pick out those sections that seem most applicable to your situation. You might want to skip sections on court procedural rules, eligibility of presenting parties, and court procedures. Parts III and IV contain the bulk of what you may need concerning the claims and distributions to creditors and the duties and benefits assigned to the debtor.
It could be fair to say that most people simply do not have the training or background to get the rules in this manner. In attempting to do so, they could miss or misinterpret many of the rules. Therefore, one may feel that it is essential to turn to some form of professional help.
Bankruptcy lawyers, debt management agencies and companies can be an invaluable source of reliable information, which credit-yogi would be happy to connect you with free of charge and without obligation. Public agencies will present the rules in easy to understand terms. Debt management companies can do so as well, but watch for any sales twists that those companies may put in to the information. In general, it’s good if those agencies or companies can tell you:
It’s good to make sure that you fully understand the differences between Chapter 7 and Chapter 13. These chapters have very different qualification requirements and operate quite differently. They also differ greatly in what you can and cannot keep and how badly your credit will be affected. If you are unsure about anything you hear, it’s good to ask and keep asking until you understand the rules.
The ultimate step in the process, of getting the best bankruptcy facts, is to consult with a bankruptcy attorney. Reputable firms will offer you a free consultation. If they don’t you probably don’t want to use them anyway. You can also do some research to make sure that the attorney or firm is certified by the American Bankruptcy Institute and has a good record and reputation. As with some debt management companies, be wary if they seem to be making a sales pitch to get you into some sort of standardized service without fully considering what makes your situation unique. If you don’t understand something, you can ask questions and keep asking questions until you understand the answers.
You don’t have to be overwhelmed by all of this. Once you get into the information gathering process, you could be surprised how simple the bankruptcy code can really be when properly explained by a professional. You can then proceed with confidence to pursue filing for bankruptcy.
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