If You’re Broke, How Can You Afford Bankruptcy Attorney Fees?

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If you are deeply in debt it can be very hard to see any way to the other side, to a life that doesn’t involve constant worry and sleepless nights. With each passing day the stack of bills and collection notices grows ever higher and the feeling of hopelessness ever more defeating. Even knowing about the option of filing for bankruptcy and the relief it can offer presents as just another impossible obstacle in your path. How can you pay for the lawyer and court fees when you’re already broke? It’s not like you can put it on a credit card! Bankruptcy seems like an option only for those who don’t need it.

Some will decide to try to file bankruptcy without an attorney to save on the fees. This approach is without a doubt proof of the adage “penny wise and pound foolish.” Bankruptcy laws are so complex that attorneys who don’t specialize in it won’t even file their own bankruptcies if necessary, choosing to be represented by an expert in bankruptcy law. Without that expertise and knowledge you could be risking so much more than a lawyer’s fee and the harm can be irreparable. You could actually end up in much worse shape that you were to begin with no recourse.

Understand that from the time you file for bankruptcy your financial obligations are going to be significantly reduced immediately. If you are eligible for a Chapter 7 bankruptcy you can permanently eliminate your unsecured debt which includes credit cards, medical bills, utility bills, and more. This will make it easier to pay the bankruptcy attorney fees for the services that will help you start a new life without creditors calling and harassing you and without impossible debt hanging over your head.

Bankruptcy lawyers understand your problem. They see it every day. It costs you nothing to make an appointment for a free consultation to discuss your situation and help you find your way out of it, including a way to pay the attorney’s fees.

Will a Bankruptcy Hurt Your Credit? The Surprise Answer

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Your credit rating may be more important to you than you think. Your credit rating isn’t just about being able to get a credit card or get a loan for a house or car anymore. A bad credit rating can keep you from renting an apartment, getting utilities, and even getting a job. It may not be fair, but that’s the way it is today. There is reason to fear damaging your credit when financial catastrophe strikes as a result of losing a job or getting sick because of these very negative repercussions.

Many people fear filing for bankruptcy because they believe it will destroy their credit for many years to come. The fact is that what destroys credit is being behind on paying your bills. If you are getting further and further behind on your bills and do nothing, your credit rating will continue to deteriorate. Because of this a bankruptcy can actually improve your credit by stopping the aging of delinquent bills. When you file for bankruptcy it stops the bill aging immediately. For example, if you have a credit card bill that is three months past due, bankruptcy stops it there forever so it never shows up as more than three months delinquent.

Filing for a Chapter 7 bankruptcy can permanently eliminate credit card debt, medical bills, utility bills, and other unsecured debt giving you a new financial start. Once the process is completed, which can be done in as little as three months, you can immediately begin to rebuild your credit. Instead of being a negative, creditors will once again want your business since much of your debt has been eliminated by the bankruptcy and you have more available income. When you pay these bills on time your credit rating will improve.

Before you get so far behind on your bills that your credit rating is damaged too severely, make an appointment for a free consultation to talk to a bankruptcy attorney about your available options. The worst thing you can do is nothing.