If you could consider filing bankruptcy without lawyer, please be aware that the new bankruptcy laws and procedures are more complicated and confusing than the previously constructed.Though many people who consider bankruptcy are facing difficult financial times and may find the attorney’s fees to be burdensome, the cost of not having an attorney can be more costly. It is important for one to have a thorough understanding of the chapter 7 bankruptcy requirements. The new bankruptcy laws impose certain restrictions on the eligibility for a chapter 7 and hence, are not that easy to interpret. If your case is complex, you may not be in a position to get this valuable information from a paralegal that merely prepares paperwork and files them in the bankruptcy court. Therefore, if you wish to obtain a favorable outcome of bankruptcy case, it is desirable to use the guidance of a professionally qualified and experienced bankruptcy attorney who is well versed with the procedures.In bankruptcy, a person probably will be able to keep his or her home and car, but that’s not a certainty. The advantage of bankruptcy is that foreclosures, evictions, repossession, garnishment of wages or Social Security payments, utility shut-offs and collections calls stop. If a person waits too long to file, a legal judgment might eliminate options for saving an asset. Bottom line is that, if you are considering filing bankruptcy, you should take the time to speak with a qualified bankruptcy attorney. He or she can review your finances and help you to make an informed decision that makes economic sense. If filing for bankruptcy won’t help you out of your current economic problems or is unnecessary because of your financial situation, an experienced bankruptcy attorney will provide you with alternatives to filing bankruptcy.