If you’re considering bankruptcy, chances are that you don’t have a lot of expendable money.  This might cause you to go bargain basement shopping for a bankruptcy attorney.  The book, Personal Bankruptcy For Dummies, tells a story with the gist being, “you get what you pay for.”

The story says:

“Cheapskate Charlie figured he’d get a good deal going through the Fly-By-Night Bankruptcy Service.  But after his cut-rate bankruptcy, Charlie wasn’t a happy camper.  He was rather surprised to discover that the trustee was suing his grandmother to recover loan repayments that he’d made to her, that the IRS still was lurking about, that his beloved Harley Davidson motorcycle was in Hog hell, and that his credit was shot to smithereens.  These things didn’t need to happen.  A lawyer who knows the ropes would’ve advised Charlie to delay his bankruptcy for a month, so Grandma wouldn’t get sued.  The lawyer also would’ve had the sense to file under Chapter 13, so that Charlie could’ve paid off his taxes without interest or penalties and on a timetable he could meet.”

These scenarios do play out all of the time with bargain basement services.  Cheapskate Charlie probably could have even kept the motorcycle.

The truth is anyone can file for bankruptcy themselves.  The important thing to know is that people and cheap services make mistakes that end up costing the individual way more than they ever “saved.”  Many times you will find services that sound like a bargain, but it is no more than a salesman who knows very little about bankruptcy.

You need to speak to a bankruptcy attorney that will know exactly what type of bankruptcy will be right for you.  Also, a quality bankruptcy attorney will be someone who will have your credit headed in the right direction and who will not make mistakes that can cause you more grief.  A good bankruptcy attorney will have the experience necessary to know exactly what moves you should make.  If you would like to find out more, don’t hesitate to contact a bankruptcy attorney.