Legal Representation in Bankruptcy V-9
See Transcript Below.
The following is an adaptation of the transcript of Bankruptcy Legal Representation Video-9.
Individuals have a right to represent themselves in bankruptcy court. However, bankruptcy law is complex and involves many considerations. Such as whether to file a case, which chapter to file under, and what exemptions can or should be claimed.
It is important to understand that all the protections of the bankruptcy code in order to make full use of them. The right decision for you depends on an evaluation of your family situation, your assets, your obligations and many other factors. It is a very serious step that could affect you for the rest your life.
It is possible to lose all of your assets in a bankruptcy and still come out owing all of your debts. A lawyer can explain to you how the process works and can help you make the right decision.
Most people find that using a trained bankruptcy lawyer that has helped thousands of other people through the bankruptcy maze, allows them to go through the case smoothly and have it turn out the way they planned. Some debtors use a non-lawyer bankruptcy petitioner preparer service to complete the documents that must be filed with the court.
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There is an old legal saying: "He who represents himself has a fool for a client."