Something we hear A LOT from our clients when they call us for a bankruptcy consultation is that they can’t afford to file for bankruptcy. Or our favorite – if they had the money for all the fees, they wouldn’t need to file for bankruptcy. Let’s be clear – this is not true, and this is not an excuse!
We get it – you might Google bankruptcy attorneys and worry about the fees. However, this does not tell the real story. In many cases, when you book a consultation with a bankruptcy attorney, they will work with you on the financial aspects of the proceedings.
Learn why filing for bankruptcy is essential, even if you worry you cannot afford it.
Why You Might Think You Cannot Afford to File for Bankruptcy
Filing for bankruptcy does cost money. In general, you will need to pay court fees and attorney fees. When you look these up online, you will see various prices listed for what bankruptcy attorneys charge. However, that is just a general number.
When you call us, we work with you to create a personalized fee and payment plan. We try to work with all of our clients to make bankruptcy attainable.
Other ways to reduce bankruptcy fees include waiving fees if your income is below a certain threshold or setting up payment plans.
Why You Need to File For Bankruptcy
When you are deep in debt, it’s essential not to let the fear of paying bankruptcy fees prevent you from filing. Avoiding the cost of bankruptcy can keep you from getting out of debt and achieving the financial freedom you need.
It’s essential to file for bankruptcy if you are facing the following problems:
- High amounts of debt: If you are falling deeper and deeper into debt, it’s essential to get out of your financial hole. If you cannot make your loan payments or minimum credit card payments, you need a solution to get out of debt.
- Harassment from creditors: If you get constant calls from creditors, letters from lenders, or even wage garnishments to collect on the debt you owe, you need to get the harassment to stop. Filing for bankruptcy puts an automatic stay in place, which forces creditors to stop trying to collect debts from you.
- Loss of income: If you recently lost your job or had your income reduced, you might need to file for bankruptcy to reduce the amount you owe and reduce your monthly bills.
- Avoid foreclosure or repossession: If you are facing a home foreclosure or having a car or other item repossessed, filing for bankruptcy can be beneficial. It can prevent lenders from following through with those actions.
- High medical bills: If you recently suffered from a medical condition or were in an accident, it can result in piles of medical bills you might not be able to afford. Filing for bankruptcy can discharge these bills and eliminate the high monthly bill obligations.
If you are experiencing these issues, it’s essential to contact a bankruptcy attorney as soon as possible. A lawyer can help you weigh your options and find the right solution for you.
Let Us Help You
If you’re worried about being able to afford bankruptcy, don’t let the costs stop you. Instead, work with a bankruptcy attorney to determine how to afford expenses. Call our lawyers at The Law Offices of Alexzander C.J. Adams, P.C. We work for you, the people, and not institutions. Contact us for a free case evaluation or no-obligation consultation. We are dedicated to helping you overcome this minor bump in the road and assisting you to get on with your life.
