How to Afford Filing Bankruptcy
How Do You Pay for a Bankruptcy?
If you're approaching a Chapter 7 bankruptcy, you may be wondering: How do I pay for it? After all, there are fees associated with the bankruptcy itself and if you are in the situation where you are considering bankruptcy, you probably don't have a lot of extra cash burning a hole in your pocket. Here's what should know...
Get a Free Consultation
All of the lawyers at Heston & Heston offer free consultations and we will meet with you for however long it takes to go over all of the relevant information that we will need to know to make an accurate assessment of your financial situation and your potential bankruptcy options. We will also give you a quote for our fees and explain any payment plans that we can offer you.
Once you've finalized your decision to retain our office, you can start picking up those collection calls and telling them "I've retained an attorney for the purpose of filing bankruptcy" and give them your lawyer's name and phone number. From there, they will generally be prohibited from calling you and they will instead start bugging us (which we don't mind).
Stop Paying (Most of) Your Debts
It may seem wrong, but the truth is, if you're about to be discharging your debts, you may want to stop paying them. HOWEVER, there are certain debts that you may want to continue paying such as your mortgage and car payments or debts for recent charges you may have made. If you do not intend to keep this property, you might be able to stop paying, but you should ask your attorney first.
If you are considering filing bankruptcy, instead of making payments on your debts, you should start planning so that you can both afford your bankruptcy and possibly even save up so that you get the most out of your "fresh start" after you've completed your bankruptcy.
All of us at Heston & Heston believe that bankruptcy relief should be available to anyone who needs it. At your initial consultation, you will be quoted a fee for your bankruptcy and given a plan to make sure that you are able to afford it.