The first step in filing bankruptcy is collecting all of your personal financial information. This will include a list of all your secured and unsecured debts (you might find ordering your credit report helpful), tax returns for the last two years, deeds to any real estate you own, car titles, and any other loan documents you may have.
Most individuals will choose between filing a "Chapter 7" bankruptcy and a "Chapter 13" bankruptcy. You will benefit from consulting with a bankruptcy lawyer, when determining which form of bankruptcy you should pursue. When you are looking for a bankruptcy lawyer, you will typically benefit from hiring a lawyer who handles a lot of bankruptcy cases, and has good systems in place for processing bankruptcy forms and filings. If you are able, you may wish to seek a referral to a bankruptcy attorney from a lawyer you know and trust. If not, this is a category of lawyer that is often easiest to find through your local Yellow Pages.
no
no
Yes
Seek advice from a professional. Your local bankruptcy attorney is there to help you.
It is when an indivdual (or married couple) file for bankruptcy rather than a business or corporation.
Of course.
If you are filing for personal bankruptcy it is not necessary to have a lawyer. If you are filing for business bankruptcy, you must retain a lawyer on your behalf.
Sure
If you file bankruptcy, you file bankruptcy on everything. You can not file bankruptcy on one loan.
yes, but if you are, than RUN!
Yes
If your business is a separate corporation or entity, no.