Masachusetts Shave Business Blog

There has been much doom and gloom written about the bankruptcy means test under the new laws and how much more difficult it’s going to be to file Chapter 7. It’s true that there are more hoops to jump through under the new bankruptcy code and it’s true that the bankruptcy means test will result in some people having to file Chapter 13 instead of chapter 7. However, the vast majority of Chapter 7 bankruptcy filers is still available with very little extra effort. If you’re in a financial situation that when you pay all your bills and you have nothing left, you will probably qualify for Chapter 7 bankruptcy.

Filing bankruptcy is not magic that only had a bankruptcy attorney may perform  The fact is bankruptcy is a lawyer’s cash generator. The sixth amendment to the Constitution allows anyone to represent themselves in a court proceeding. That’s why many people have developed do-it-yourself bankruptcy websites.

These legal websites, usually backed by attorneys, realize that over 1 million people would have to file bankruptcy over the next few years. So they reached out to technology companies and asked them to help create bankruptcy software that would allow people to file from the comfort of their home. Along with the ease of using this new software to file on your own, there is a huge savings of money.

If you decide to file bankruptcy on your own you should probably use a bankruptcy software program because each state has varying rules and regulations regarding bankruptcy, it is important to get software that works in your state. These programs offer general bankruptcy filing advice and tips on filing area this will ensure that you have all you need to file in your state’s federal bankruptcy court.