Personal Bankruptcy Filing Doesn’t Have To Be Complex

Choosing to complete a personal bankruptcy filing can be a very difficult choice, but can end up leading to a second financial chance. This legal proceeding relieves a person of certain types of personal debt; including credit cards, personal loans, or medical bills, while allowing them to retain certain assets, such as their home or vehicle. Each state has its own exempt property laws (or they can choose to use the Federal exemptions) but otherwise, Bankruptcy is governed by Federal law. When considering personal bankruptcy filing, We the People helps our customers from becoming confused or overwhelmed by the steps and the documentation required for completing the bankruptcy process.

We The People Can Help Your With Your Personal Bankruptcy Filing

If you aren’t sure if you’re eligible for a Chapter 7 personal bankruptcy filing, certain We The People locations can have you complete a free eligibility questionnaire (also known as the means test). If you qualify, We The People can act as your Bankruptcy Petition Preparer, which is a person or entity that is not a lawyer, who helps you complete the forms to court standards and file them properly. We The People can also provide you with information and resources about personal bankruptcy filing, but cannot offer you legal advice. Technically, a Bankruptcy Petition Preparer is also considered to be a Debt Relief Agency.

Some people believe that a lawyer is required to complete a personal bankruptcy filing, which is not the case. If you cannot afford or do not want an attorney, you can file ‘pro se,’ which means without legal representation. We The People is often called upon by consumers for information and assistance with paperwork during pro se filings. If you have questions about the process, the timing, what types of assets or debts are included or excluded in your particular state, We The People can help.

Find your nearest location today and contact us to make an appointment, and come in to discuss your personal situation. There is no shame or embarrassment in completing a personal bankruptcy filing, but there is great potential in getting a fresh start. End the collection calls and the piles of bills that arrive each day. Let We The People help you get back on your feet.

Link to US website for “Bankruptcy Basics

Tips to Avoid Filing for Bankruptcy Due to Medical Bills

Tips for Avoiding Bankruptcy:

• Make a budget. Include all possible expense. Once you know what your expenses are you will be able to better allocate your financial resources and save yourself unnecessary panic and stress when the bills arrive.
• Control your overall spending. Especially when money is tight. One easy way to do this is to ask yourself whether your intended purchase is a ‘need’ or a ‘want’. This often helps eliminate some unnecessary purchases.
• Pay with cash. It prevents the overspending that you may not even notice when you use credit cards. The concept is simple: withdraw a certain amount every two weeks or monthly, and you are done once you are out of funds. Further, only carry a certain amount in your wallet or purse every day. It will help bring some financial discipline in your life.
• Be prepared for unexpected expenses. One of the biggest mistakes you can make is not to prepare for unexpected expenses such an accident or sudden illness. It can happen to anyone at any time. Which is easier, to put aside a small amount every month or have to cough up the entire sum all at once?

If you find yourself filing for bankruptcy in spite of doing all this, get the right professional guidance. Navigating the dos and don’ts and putting together bankruptcy paperwork can be confusing and overwhelming. But it gives you a second financial chance. The most important thing is knowing how to go about the process.

We the People can have you complete a free eligibility questionnaire (also known as the means test) to determine whether or not you qualify. We do not offer legal advice but can act as your Bankruptcy Petition Preparer. This includes:

➢ Providing you with information and resources about personal bankruptcy filing
➢ Assisting you in completing the forms to court standards and
➢ Helping you file them properly

Get started on filing for bankruptcy today. Find a local store near you or make an appointment for your free consultation to learn more about bankruptcy paperwork today.

 

Some services may not be available at all locations.

Contact your local store for availability.

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