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Filing for Bankruptcy When You Can't Afford an Attorney

Posted By Allmand Law Firm, PLLC || 23-Dec-2013

Late Bills

Many debtors feel bankruptcy is their final option in helping them regain financial control. While there are filing fees and credit counseling fees that are required, many wonder how they can pay if they can't afford to pay their creditors. You may even have the notion of saying why bother paying for an attorney when that money can be put toward my bills? There are a few valid points to review in this scenario while determining how you can pay for bankruptcy filing.

Fees associated with filing are not as expensive as you may think. You can compare your options when it comes to choosing an attorney and those who are seeking Chapter 7 bankruptcy actually get a good return on their investment. Many filers of this chapter easily qualify to have their debts eliminated (discharged) and have greater chances of getting the fresh start they need.

You don't have to worry about paying any hidden costs since many fees are paid upfront or considered a flat fee. But, in many cases you can retain a bankruptcy attorney and make payments prior to your case being filed with the court. With stipulations under the Fair Debt Collection Practices Act, creditors are not obligated to contact you and they are less likely to take any legal action against you as long as you have an attorney retained.

This leaves a few options you can consider discussing with your attorney as far as how to pay related fees including borrowing from friends/family members, payment through income tax refund, or even selling an asset before your case is filed. As long as your actions are reviewed with your attorney before you file you can avoid any repercussions during and after your case is completed.

Reference: http://www.txbankruptcyblog.com/2013/12/articles/debt-relief/how-to-afford-chapter-7-bankruptcy/

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