Hello, I have been advised to file bankruptcy by my fathers financial advisor here in AZ. I assume I'd be filing CH 7.
I currently owe approximately $25,000 on credit cards. I originally actually acquired credit cards to establish my credit and had no issues until I became unemployed. My lack of education has made it very difficult to acquire a position with the responsibility level I am capable of. Additionaly, lower responsibility positions are not being offered to me because of concern on the prospective employers part that I won't be satisified. I recently moved back into a guest room at my parents home to cut my living expenses so can go back to school to greatly improve my situation. I am currently unemployed and recieving unemployment insurance benefits and will be if needed for another couple of months.
My assets are minimal, I have one vehicle thats not worth very much and enough furnishings for a one bedroom apartment.
Upon having made some quick calls to attorneys offices I am concerned about being able to afford their fees. I have been given prices rangeing from $700 to $1200. My father was a public accountant for many years before retireing and he is inclined to think we could handle it with one of these Bankruptcy kits that are available. Especially since I basically have next to no assets and this is a strait forward credit card debt.
I'm concerned I may still need to see if I can locate a Bankruptcy Document Preparer to assist me here. If I can even do that by going around an attorney.
I am very anxious to get moving on this but realize I am seriously lacking in some knowledge so I am reluctant to get the ball rolling yet.
Should I acquire a credit report on myself initially?
What is the general process timelinewise.
Any thoughts are very appreciated.
What should my steps be?
For reference, I owe Sears, Bestbuy, B of A Visa, Citi Master Card, and Discover Card. I think thats it off the top of my head.
I currently owe approximately $25,000 on credit cards. I originally actually acquired credit cards to establish my credit and had no issues until I became unemployed. My lack of education has made it very difficult to acquire a position with the responsibility level I am capable of. Additionaly, lower responsibility positions are not being offered to me because of concern on the prospective employers part that I won't be satisified. I recently moved back into a guest room at my parents home to cut my living expenses so can go back to school to greatly improve my situation. I am currently unemployed and recieving unemployment insurance benefits and will be if needed for another couple of months.
My assets are minimal, I have one vehicle thats not worth very much and enough furnishings for a one bedroom apartment.
Upon having made some quick calls to attorneys offices I am concerned about being able to afford their fees. I have been given prices rangeing from $700 to $1200. My father was a public accountant for many years before retireing and he is inclined to think we could handle it with one of these Bankruptcy kits that are available. Especially since I basically have next to no assets and this is a strait forward credit card debt.
I'm concerned I may still need to see if I can locate a Bankruptcy Document Preparer to assist me here. If I can even do that by going around an attorney.
I am very anxious to get moving on this but realize I am seriously lacking in some knowledge so I am reluctant to get the ball rolling yet.
Should I acquire a credit report on myself initially?
What is the general process timelinewise.
Any thoughts are very appreciated.
What should my steps be?
For reference, I owe Sears, Bestbuy, B of A Visa, Citi Master Card, and Discover Card. I think thats it off the top of my head.
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