IF you didn’t know, filing for bankruptcy does have a cost associated with it. When you file for Chapter 7 or Chapter 13 bankruptcy there are filing fees, costs for take the required courses, bankruptcy attorney fees, and bankruptcy trustee fees. Many individuals see these costs as a hardship as they have been barley getting by making minimum payments as it is. While it may not be possible to successfully discharge your debts for free, there are accommodations that your bankruptcy attorney can recommend.
The average cost of a typical bankruptcy ranges, and depends on the type of bankruptcy your file and where you file your bankruptcy. You may incur other fees based on your situation such as converting your Chapter 13 to a Chapter 7 bankruptcy as well. Because of the complexity of bankruptcy laws and the long term implications to your life and finances, you don’t want to try to save money by filing bankruptcy on your own. You need a Dayton OH bankruptcy attorney to increase your chances of success in getting rid of debt, and the vast majority of people who file pro se bankruptcies (without an attorney) get their bankruptcy case dismissed without discharging any type of debt.
Your bankruptcy lawyer can teach you how to prove your financial hardship to the courts and get approved for paying your filing fees in installments. In situations where you can’t afford the Chapter 7 bankruptcy fee installments spread out over 120 days, there is also an application for wavier of the Chapter 7 filing fee. Additionally many bankruptcy attorneys, realizing your financial plight, may also offer you the ability to pay your bankruptcy attorney fees in installments as well.
If you are struggling with debt, the worst possible thing you could do is to try and ignore your liabilities. There is aid set up for this exact situation so that fees won’t interfere with your ability to seek legal debt relief. The first step is meeting with your local bankruptcy lawyer and explaining your situation. Bankruptcy attorneys specialize in getting people debt relief and have heard it all. An experience bankruptcy lawyer won’t judge your situation but help you in getting debt free and back on financial track.