Question by freewainwright: Can someone explain filing bankruptcy to me?
What is the process of filing bankruptcy? Can I do it myself or do I need a lawyer? What are the benefits? What are the negatives?
Best answer:
Answer by Kay
Get an attorney! Do not do it yourself. Most attorneys give you a free consult to advise you of the best way to go and what will happen.
It will affect your credit negatively for up to 10 years, depending on which type of bankruptcy you file.
Most of the bankruptcy laws changed recently so you really need to consult an attorney
Know better? Leave your own answer in the comments!