While many forms of bankruptcy can be filed without the help of attorneys, if you have a complex case in any regard, it is best to consult with people that are familiar with the process and can help you. For instance, just because you are filing for bankruptcy does not mean that you can file for free. You may as well seek the help of Bankruptcy Attorneys Des Moines to make sure that you are filing correctly so that you do not have to spend more time and money in order to seek relief from your current financial problems.
Possibly the only types of bankruptcy that you are familiar with is regarding the term Chapter 11. The fact of the matter is, all bankruptcy terms are listed under Title 11 of the United States Bankruptcy code and there are actually many different types that can be filed for. Another reason to see legal advice is to find out which type of bankruptcy you should file for. The other most familiar types are Chapter 7, 12, or 13 in addition to 11.
Another fact of bankruptcy is that most of it has to do with administrative functions and not necessarily the knowledge that comes from years of studying as a lawyer. An initial consultation with Bankruptcy Attorneys Des Moines will be able to point you in the right direction if you feel you are competent enough to handle the paperwork in an easy case. If you have a complex case such as dissolving a business or partnership then perhaps retaining a lawyer would be in your best interest.
In a nutshell, the six different types of bankruptcy are seven, nine, 11, 12 and 13. Chapter seven can also be referred to as liquidation in which a person sells most assets to repay debts and then is considered free from other certain debts under the law. Chapter nine is more for municipalities such as towns or cities. Chapter 11 is similar to nine in which it reorganizes a commercial entity and can cancel financially obligating contracts. Chapter 12 helps out farmers and fisherman while lastly, Chapter 13 has an adjustment of sorts as opposed to liquidating all assets.