Gather Financial Information
Begin by collecting all necessary financial documents, including income statements, debts, assets, and expenses. This comprehensive overview will help determine the most suitable type of bankruptcy and prepare you for discussions with a bankruptcy attorney.
Seek Legal Advice
Engaging a qualified bankruptcy attorney is highly recommended. They provide invaluable guidance through the legal maze, helping you file correctly and maximize the benefits while minimizing potential pitfalls.
File the Petition
Once all preparations are complete, file the bankruptcy petition with the appropriate court. This initiates the process, triggering the automatic stay and beginning the path toward debt resolution.