If you have gotten in over your head financially and are thinking of declaring bankruptcy, it is critical that you consult with an expert law firm in Omaha that can help you go through the process in the best way for your situation. With dozens of federal bankruptcy forms that need to be filled out, trying to move forward on your own is extremely difficult, so choosing a law firm who has experience helping other clients will be largely to your advantage.
While there are software programs to help individuals fill out bankruptcy paperwork, there is a good chance you will make a very costly mistake that may cost you more than what you would have spent to retain a reputable law firm in Omaha. While these programs can theoretically walk you through the process yourself, you should be aware that the forms will not be perfect. This means that you may have difficulty fully understanding what must be disclosed, what specific requirements the state of Nebraska has, and whether or not you qualify for certain exemptions. If your request to file bankruptcy is denied, you cannot file again for 180 days, so it is critical that it is done right the first time.
There are other lower cost options for those worried about the fees involved with bankruptcy, half way between DIY and having a law firm in Omaha handle everything. This option is to have a paralegal or professional preparer fill out all the forms on your behalf, similar to having a tax accountant do your taxes. While this is better than doing it yourself as far as the likelihood of mistakes, it is still less secure than hiring a competent law firm. This is because you are not guaranteed to be in compliance with all applicable law unless you have an experienced law firm on your side.
When you choose a Omaha law firm to help you with your bankruptcy filing, they will be able to properly advise you on the best timing for your situation. They will also be able to help you figure out whether you qualify for a Chapter 13 or Chapter 7 bankruptcy and the benefits and disadvantages of each. A competent law firm will make sure the entire process goes smoothly and will be able to advise you on which of your assets are exempt from liquidation during the bankruptcy process.