Bankruptcy: Should You Do It Yourself?

January 2, 2013

If you’re like many Americans, you probably like to do things for yourself. If your home requires a repair, you head to Home Depot or Lowe’s. If you get a tickle in your throat, your first stop is to Walgreens or CVS, not the doctor. There are good reasons to maintain this independence: often you can get the solution you want at a price you can afford.

 With this in mind, you may be tempted to try to craft your own legal solution to your financial problems. Every year, thousands of Texans file a pro se bankruptcy petition. While their success rate is markedly lower than represented debtors, some figure out how to navigate the complex corridors of U.S. bankruptcy. Should you try this, too?

 Debtors who hope for a DIY bankruptcy often find that the process is slower, more confusing, time-consuming, and expensive than they first imagine. Worse, in many cases, debtors leave money on the table – and liabilities on their balance sheet – because they know only some of what they need to know. Finally, unlike a leaking faucet or a head cold, failing to get bankruptcy right the first time can have permanent consequences.

 Need to know more about how a highly qualified and well-trained attorney from the Dallas law firm of Fears Nachawati may be able to help you? You can trust our years of experience to create the custom, quick solution you need. Learn how we may be able to advise you by contacting our team today for your free consultation.

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