How to file Bankruptcy inexpensively, without an attorney and keep everything.  Free Bankruptcy forms for filing bankruptcy Chapter 7 and Chapter 13-- plus, free do it yourself bankruptcy kit manual for filing bankruptcy chapter 7, personal bankruptcy and chapter 13. Stop foreclosure and wage garnishments without an attorney and keep everything.  Personal Bankruptcy Chapter 7 and Chapter 13 Free bankruptcy forms, help, information and services Online bankruptcy assistance and consultations plus--comprehensive pros and cons with an overview of bankruptcy filing procedures-- plus, true stories of it's effects and benefits.

     At the Solutions Network, We don't preach-- we teach.  We know that bad things happen to good people. Our goal is not to look out for the interests of the credit bureaus or creditors-- It is to provide the best information and service available for solving your  issues.  The decision as to how to use the information is left to you.  NOTE:see bottom of page for answers to commonly asked questions about bankruptcy.

At The All Solutions Network, we do more than prepare your bankruptcy petition.  We help prepare you for Life After Bankruptcy...  We provide a Complete Bankruptcy Package that gives you all of this...

Complete Bankruptcy Document Preparation-- We prepare all schedules, including the Federal Bankruptcy Petition plus, Schedules A, B, C, D, H, J, Statement of Financial Affairs, etc...

Tri-merged credit report-- so you don't miss creditors.  A complete record of all debts you owe, credit cards, car loans, real estate loans, collections, judgments, tax liens, school loans,  including balances, payment amounts, creditors names and their addresses-- Saves you hours in your debt investigation..  Remember, if they are not listed in your Bankruptcy, you still owe the debt!

Do It Your Self Credit Repair Kit-- see credit repair.  By utilizing the techniques that we include in this 90 page book, you will be able to immediately begin to improve your credit rating and credit score, in spite of the bankruptcy.

Bankruptcy Information Packet--Comprehensive, but easy to understand information that shows how to maximize the benefits of your bankruptcy by not only eliminating debts, but by reducing the amount of debt remaining on that car or furniture on which you still owe money but want to keep.  In other words-- keep the car-- but get rid of half the debt.

The Truth is that Bankruptcy has it's Benefits and it's Drawbacks-- but whether it is the right decision for you depends on your particular situation...

 For one family Bankruptcy was the only way to achieve home ownership...

For another family, the failure to file, when truly necessary, almost cost them everything.

To see how and why bankruptcy impacted these families' lives see "Scenarios 1 & 2" Below.

Note:   The All Solutions Network provides low cost bankruptcy services and free bankruptcy forms and free do it yourself bankruptcy manual kit for chapter 7 and chapter 13 in the following states.  in & for Alaska AK in & for Alabama AL in & for Arkansas AR in & for Arizona AZ in & for California CA in & for Colorado CO in & for Connecticut CT in & for Washington DC in & for Delaware DE in & for Florida FL in & for Georgia GA in & for Hawaii HI in & for Iowa IA in & for Idaho ID in & for Illinois IL in & for Indiana IN in & for Kansas KS in & for Kentucky KY in & for Louisiana LA in & for Massachusetts MA in & for Maryland MD in & for Maine ME  in & for Michigan MI in & for Minnesota MI in & for Missouri MO in & for Mississippi MS in & for Montana in & for North Carolina NC in & for North Dakota ND in & for Nebraska NE in & for New Hampshire NH in & for New Jersey NJ in & for New Mexico NM in & for Nevada NV in & for New York NY in & for Ohio OH in & for Oklahoma OK in & for Oregon OR in & for Pennsylvania PA in & for Rhode Island RI in & for South Carolina SC in & for South Dakota SD in & for Tennessee TN  in & for Texas TX in & for Utah UT  in & for Virginia VA in & for Vermont VT in & for Washington WA in & for Wisconsin WS in & for West Virginia WV in & for Wyoming WY

    The huge increase in the number of filings and the resulting shrinking profits of many lenders because of bankruptcies, has resulted in substantial pressure to minimize the distribution of information showing that  Bankruptcy is not, generally, especially complicated, (The average consumer absolutely does not need an attorney) or that life after bankruptcy is not as difficult as often imagined or portrayed.  Even so, whether or not to file Bankruptcy is one of the most difficult decisions that a person makes in today’s society.  Accurate decisions require accurate information.  The things that cause people to come to a point in their life where Bankruptcy becomes something to even be considered are many varied.  But at this point, we are not going to talk about how we get to that place, but rather, what to do about it-- and to inform you of the true consequences.  We all know that bankruptcy is not a good thing.  It goes on your credit report and stays there for 10 years, and yes, for a year or two, if you apply for a loan, you will pay a higher interest rate.  There's no question, bankruptcy is rarely the ideal solution, but it is often the best solutions--  and as we'll see, it also is not an economic death sentence.

Should You File?

There is no magic formula that tells you whether bankruptcy is the best choice for you-- but here a few facts to consider.

Need to... Earn More Money? Grow Your Existing Business?  or Start a New and Exciting Career?  All at No Cost? Click Here to Learn How!

What I am going to do here is not necessarily give you advice but rather elaborate on a couple of scenarios that I have had with my clients while dealing with Bankruptcy, and credit related facts-- also, what I suggested that they do and the end result.  Of course, how you proceed and the decisions you make are yours and yours alone.  My goal is to simply help you proceed with a broader view of what bankruptcy is.  Hopefully, this article will give you more relevant, real life facts to help you make a fully informed decision-- See the following true life stories of past clients.

Do you own a home and are in danger of losing it?  See our article regarding alternatives and possible solutions to foreclosure.  Remember, you rarely have to lose your home.  Even though, Bankruptcy should be a last resort, if all else fails, a Chapter 13 will almost always allow you to save your home.

I had a close personal friend who came to me wanting to buy a home.  During the loan process we found that he had absolutely impeccable credit. Unfortunately, his income was only slightly more than his outgo, (as in about $100 per month, and this is before food and utilities!), .   My first question to him was how are you managing to make all your payments on time.  I had never seen anyone so overloaded with debt while making their payments so flawlessly.  He informed me that he was effectively borrowing from Peter to pay Paul.

    Under these circumstances, there was no way that he could qualify for a normal loan.  He only wanted around an $80,000 home, but even with the $8,000 down he was getting from a settlement, he could not qualify for a conventional low rate loan.  His expenses vs income was just too high.

     Here’s what we did.  We used his $8,000 insurance settlement for his down payment.  I persuaded the seller of the property to carry $12,000 for a term of 30 months.  Now, that we only needed a loan for $60,000 on an $80,000 home, We were able to get him a loan  secured by the property.  It was not a good loan, but a loan, nevertheless.  This loan was fixed at 6%, but for only two years.  After that it would adjust to about 12%, thus increasing my friends payment by about $300 per month over the original payment.  Generally, I wouldn’t negotiate this deal for my worst enemy, but we had a strategy that would insure that he would never have to pay that high interest rate.

    At the end of two years, he had paid his remaining bills perfectly.  Additionally, because he had all of the unsecured debts discharged, his monthly obligations were reduced by about $600 per month.  He now had good credit and income to debt ratios that were reasonable, so he could now refinance his home and get rid of that first mortgage that was getting ready to go to 12%-- plus, because his home had appreciated, we could even pay off the $12,000 that he still owed the seller.  Because his finances were now in balance I was able to get him approved for a refinance to do the above at a fixed 6% interest rate loan.

Amazingly enough-- this was one of those rare situations in which the only way to accomplish the goals of home ownership for himself and his family, was Bankruptcy.

 Doing the right thing is always admirable.  But it has been my experience that sometimes doing the right thing for the creditors is absolutely the wrong thing for your family...    

    I was recently contacted by a family that had been struggling with debt for 3 years.  Prior to the beginning of their problems they had both had very good jobs.  As with most of us, good jobs equal good lifestyle and lots of debt.  Their income was such that they were not overloaded in the least.... but then he lost his job, the family income was halved for about six months.  They had some 30 day lates, but nothing too serious.  He finally found other employment-- just about the time that she lost her job!...  Over the next three years, for both of them, employment was sporadic.  In their attempt to do the “right thing”, keep their home, pay their bills, even if late,  they drained not only their savings, but raided their retirement accounts (Which you can almost always keep when you file Bankruptcy), as well, which of course carried huge early withdrawal penalties, (we managed to avoid most of the penalties on an amended tax return), but the point is that they were financially drowning.  At all costs, they were determined to avoid bankruptcy.  They wanted to do the right thing and pay their creditors.  They continued their spiral and sporadic employment for three years.