Opinions needed for online BK sites [filing chapter 7] [baddies]
Hi all. Im glad I found this place and have been doing a lot of reading. My wife and I are torn between trying to repair our credit ourselves or filing chapter 7. We have a bunch of baddies from where we were out of work and i don't know if we could make much headway trying to remove some of them. Some are debts more than $15,000 where she had vehicles repo'd.
Anyways…..We were looking at a couple of BK sites online…..USA BK and Easy BK services. Was just wondering if anyone has any experience with these? We have a pretty simple case.
Also Easy Bk Services claim they will get the bk removed from our CR's in just a few months (RED Flag)
thoughts?????
Reply:I don't think any bankruptcy petition is easy. I'd be suspicious of sites claiming otherwise.
Reply:I went with DIY4law. An actual attorney looks at the petition but a preparer does the work. I had no problems at all with my no asset Ch 7. FWIW
Reply:
Can't offer much on the performance of online bk services other than to say I'd be highly skeptical of their ability to do whatever they claim to do.
On the question of BK v credir repair strongly recommend BK.
Credit repair is nothing but hope and promises, nothing is legally binding… so even in the unlikely event one of those companies gets any agreements with the creditors to reduce your obligation it won't make it a non-negative tradeline and the creditor can change their minds.
BK is radical but its legally binding the terms are set and known. I did a 13 (discharged 9/04) and my unsecured creditors just stopped reporting. Poof, gone. A secured creditor reports the BK with no ugly details: closed acct, zero balance. It was the best thing, for me anyway. Had I tried to do it myself with debt repair I'd still be upside down.
Recommend BK removal as a DIY project. I've seen people on here claim to have removed their BK, never attempted it myself, don't think the success rate is very high. You have to attack all tradelines reporting BK then attack the BK itself. If you pay a company to do it (and if they say they can do it in x days/weeks you'll know they're liars) and they can't you'll still be out your money with no recourse.
GL
Reply:I filed a Chapter 7 pro se, doing all the paperwork myself.
I purchased and read a book before hand and it wasn't incredibly difficult. You can manage the paperwork if you're willing to put in some time.
Reply:
Was the book Nolo?
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