How can I pay for bankruptcy lawyer fees?
If you're considering filing bankruptcy, you're obviously in a deep financial mess. Simply put, you're at the end of your financial rope and will likely find it difficult to pay for any new bills or fees that come your way. With this in mind, how can you possibly afford to pay for bankruptcy lawyer fees? Should you try to file for bankruptcy yourself?
At this point you may be considering going through the process of bankruptcy by yourself, but that is not the way to go. You should understand that bankruptcy laws have changed significantly in recent years, and the net effect is that the process is much more complex. The laws are simply too complicated for the average person to decipher.
The bankruptcy reform law that was passed by Congress in 2005 adds new requirements and makes the entire ordeal more complex, but this doesn't mean that bankruptcy is no longer available as an option to you. You simply need good legal to help you through the confusing and never ending last of new rules and restrictions.
So again, you won't want to declare bankruptcy without a good lawyer by your side. There simply is too much at stake and too much for a lay person to comprehend.
Still, figuring out how to pay for the bankruptcy lawyer is a real problem. After all, lawyers are not usually cheap, and they tend to charge their clients by the hour.
You simply continue to read as much as possible about bankruptcy so you can skip the most frequently asked questions when talking with your lawyer. You should then get all of your financial statements in order and know exactly what you owe and to whom.
Also, you want to remember the purpose of bankruptcy in the first place. If you successfully file a chapter seven bankruptcy, your debt will be eliminated. Even a chapter 13 bankruptcy will reorganize your debt and create a payment plan. In either case, you should have sufficient relief from your current obligations, so figuring out how to pay your lawyer should not be as big a problem as you may have thought.
If bankruptcy is the best option for your situation, you shouldn't let the cost stop you. But make sure to explore all of your options carefully before making a final decision.
At this point you may be considering going through the process of bankruptcy by yourself, but that is not the way to go. You should understand that bankruptcy laws have changed significantly in recent years, and the net effect is that the process is much more complex. The laws are simply too complicated for the average person to decipher.
The bankruptcy reform law that was passed by Congress in 2005 adds new requirements and makes the entire ordeal more complex, but this doesn't mean that bankruptcy is no longer available as an option to you. You simply need good legal to help you through the confusing and never ending last of new rules and restrictions.
So again, you won't want to declare bankruptcy without a good lawyer by your side. There simply is too much at stake and too much for a lay person to comprehend.
Still, figuring out how to pay for the bankruptcy lawyer is a real problem. After all, lawyers are not usually cheap, and they tend to charge their clients by the hour.
You simply continue to read as much as possible about bankruptcy so you can skip the most frequently asked questions when talking with your lawyer. You should then get all of your financial statements in order and know exactly what you owe and to whom.
Also, you want to remember the purpose of bankruptcy in the first place. If you successfully file a chapter seven bankruptcy, your debt will be eliminated. Even a chapter 13 bankruptcy will reorganize your debt and create a payment plan. In either case, you should have sufficient relief from your current obligations, so figuring out how to pay your lawyer should not be as big a problem as you may have thought.
If bankruptcy is the best option for your situation, you shouldn't let the cost stop you. But make sure to explore all of your options carefully before making a final decision.
About the Author:
Don't let the fear of your debt take over your life. Get the facts about bankruptcy and learn how to get control of your debt. To learn who can declare bankruptcy visit us at http://personalbankruptcyquestions.org
posted by Credit Counseling at
4:14 PM
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