June 6, 2016
1. It is extremely difficult to file for bankruptcy
- Under the changes in the law it can be extremely difficult to file for bankruptcy on your own. There are many new requirements that did not exist prior to 2005. However having an experienced bankruptcy attorney on your side will help you navigate the process, and alleviate any confusion or stress you may have.
2. Everyone will know you’ve filed for bankruptcy
Unless you are a large corporation and the filing is covered by the media chances are extremely good that the only your creditors will be made aware of your filing.