How to file Bankruptcy  Our website manual and Powerpoints explains how to file a Chapter 7 or Chapter 13 step by step along with all the tricks and traps.  We have online filing and a newsletter to remind you what to file and how to file.  But a person should only file a bankruptcy if, 

1. He or she can’t pay bills as they come due or
2. Is about to lose property by having property attached or
3. Owes more than he or she owns.  

According to MSN and one financial study about 18% of the people in America would be better off filing bankruptcy than repaying their debts but most persons dont know how to file.   

A 2008 GAO study has shown how the new bankruptcy code has almost doubled the cost to file bankruptcy.  A Harvard Bankruptcy report, shows how the 2005 Bankruptcy code has increased the cost to obtain credit.  And how bankruptcy and foreclosure filings have increased every year since 2006 which was the first full year it went into effect. 

Filing a bankruptcy is generally better than a judgment or foreclosure on your credit record.  A person will often be able to buy a car within a year and a house within 3 years after filing bankruptcy at normal interest rates if they clean their credit file.  A judgment or repossession will generally do more damage to your credit than a bankruptcy and remains on a credit file longer than a bankruptcy.  Government regulations will deny you from financing a home if you have an unpaid judgment, but will allow a FHA or VA mortgage within 2-3 years after bankruptcy.  

How to file Bankruptcy Louisville the documents