While the process of filing for personal Chapter 7 or Chapter 13 Bankruptcy is by no means “quick and simple”, there is most definitely a clear set of steps that must be followed to make it through the process.
These steps can be handled by most people with a bit of perserverance.
The Bankruptcy process isn’t “quick and simple” by design — the filer is asking the Court to wipe clean the debts he or she said would be paid, credit that in most cases was extended in good faith. The elimination of these debts by the Court can cause significant financial damage to the person(s) or entities owed money. As such, the Court should make the process a challenge to the debtor.
For a brief outline of the steps involved in filing for personal Bankruptcy, visit the article of the same name as this post in the Standard Legal Law Library, here.
[Get complete details on Standard Legal’s Chapter 7 & 13 Personal Bankruptcy legal forms software here.]