Bankruptcy horror stories. Halloween is coming up this week. I found this the perfect time to write about bankruptcy horror stories. These stories can be scarier than any ghost story. Bankruptcy lawyers have witnessed horror stories first hand. I will relate a couple of horror stories I recently was told about. One poor debtor decided to file a bankruptcy without the help of a bankruptcy attorney. The debtor went to the 341 meeting. The debtor had equity in two vehicles. The Chapter 7 trustee informed the debtor that the vehicles would need to be sold to pay off creditors. The debtor could have saved the vehicles by filing a Chapter 13 bankruptcy. It was a shame. By deciding not to seek the counsel of an experienced bankruptcy lawyer, the debtor faced the loss of two vehicles. Another bankruptcy horror story told to me was a debtor who filed a Chapter 7 bankruptcy. The debtor was behind on mortgage payments on the family home. The debtor lost the home due to the mortgage arrearage. This is not what the debtor wanted. If the debtor had sought the advice of a bankruptcy attorney, she could have been advised filing a Chapter 13 bankruptcy could have saved the home and cured the arrearage. Another bankruptcy horror involved a debtor who failed to list the correct exemptions. That resulted in the loss of a car and a bank account. Halloween horror stories are fun. Enjoy the holiday. Take your kids trick or treating. There is no reason to turn your bankruptcy case into a horror story. Speak to an experienced bankruptcy attorney. Most bankruptcy lawyers give free consultations. Learn the positives and negatives of filing bankruptcy. Learn how to protect your property. Learn what chapter of bankruptcy would work best for you. Leave the horror where it belongs. On Halloween. Leave the horror out of your bankruptcy case. No one should experience that horror.