If you find yourself in severe financial circumstances, you might be considering bankruptcy as a way to give you a fresh start. It certainly is an option you should consider if things are that bad, but there are some drawbacks to filing. One of the factors that keep many people from filing for bankruptcy is the cost of bankruptcy attorney fees.
Well, the first thing you should remember is that declaring bankruptcy will help you with your other debts, which will make it easier to pay your legal fees. The bankruptcy automatic stay puts a freeze on all of your debts so your creditors cannot even contact you.
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You and your lawyer will go through the process without having to worry about paying any debts, at least not until your case has been heard. If your bankruptcy case is successful, then you may be able to discharge much or all of your current debt. This will make it easier for you to pay for your lawyer fees. In addition, your lawyer may work out some sort of payment plan to make things easier for you.
Perhaps a more important consideration is how to lower your bankruptcy attorney fees. We've already spoken above about how declaring bankruptcy can make it easier for you to pay your legal bill. But what about actually lowering the cost of that legal bill?
One of the simplest things you can do is to prepare as much as possible before your initial legal consultation. Before you ever walk into a bankruptcy law office, you need to do your homework about bankruptcy and your current situation. Reading articles like these, as well as a good book on the subject, can help you understand many things before you ever step foot into a bankruptcy law practice.
You can better understand who is eligible, the different types of bankruptcy, and what the ramifications are for filing. You should also get all of your paperwork in order. That includes your federal tax returns, all of your credit card statements, and everything else that proves your current income and expenses.
Taking the time to do this will make you a better informed client, and it will also reduce the amount of work that the lawyer has to accomplish. Less work means a smaller bill for you. Who knows, you may even decide with your own research that bankruptcy is not the best alternative for you.
Is Bankruptcy Right For You? Talk to Bankruptcy Attorneys Free and Confidential. Licensed bankruptcy attorneys are available. Attorneys will call you to discuss your case for free. Find out if bankruptcy is right for your situation.
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