You have found yourself in a pile of bills and aren’t sure what to do. You are behind on your mortgage, your car payment, and you have creditors calling you day and night. You feel overwhelmed and are on the verge of breaking. You actually feel like you might lose your house to foreclosure. Does this sound like you?
If you are more than 60 days behind on a majority of your bills and see no relief in sight and no way to catch up, it might be time to contact a bankruptcy lawyer.
What a Bankruptcy Lawyer can do for you:
Filing for bankruptcy is a complicated matter, a lot harder than most people think. There are many forms and documents that must be filled out, a lot of data to collect, and knowledge of when to file what. Just getting all the right forms for your specific case is no small feat. That is where a Bankruptcy Lawyer can help.
They are experts at this and know how to properly handle your specific case and when to file all the correct documents. They can anticipate any problems and handle them appropriately when they arise, and trust me, they DO arise. They also can help you on the path to financial recovery and give you invaluable advice on how to begin repairing your credit. Ultimately, your goal should be to get out of debt, and STAY out of debt by learning how to manage your finances and not spend beyond your means. Your bankruptcy attorney can point you in the right direction for these very valuable classes and counseling services.
Costs of Filing Bankruptcy:
Effective November 12, 2012, the fees collected at the time of filing chapter 7 bankruptcy is $306 and the fees collected for chapter 13 is $281. This does not cover any lawyer costs, this is specifically the cost of filing with the court.
For the cost of hiring a lawyer, there is a wide range of prices. The average cost for hiring a lawyer is $950-$2000 for chapter 7 and $3500-$5000 for chapter 13.
Overall, if you need help and fear you might lose your house, your car, or your paychecks might get garnished, the cost of losing those things far outweighs the cost of hiring a bankruptcy lawyer. It’s always worth it in my opinion to seek the assistance of an expert when it comes to something as important as your financial future and your family’s well-being.