Friday, October 11, 2013

How Can I Afford Attorney’s Fees When I’m Filing For Bankruptcy?

As with most bankruptcy questions, the answer here depends on many factors, the most important of which is what type of bankruptcy you are filing.

Some people worry about paying for bankruptcy and wonder how they’ll be able to afford it. However, it’s important to realize: you are going to resolve your debts by filing bankruptcy, so you will be able to stop making payments on some (or even all) of your current debt. That will free up income which can then be used to pay your bankruptcy fees. Every situation is different, so you need the advice of an experienced lawyer to determine which creditors you can stop paying, and when.

In some instances when you file a Chapter 7 bankruptcy, we will allow you to pay in installments. One of the advantages of a Chapter 13 bankruptcy is that your attorney fees are paid through your plan.  Most Chapter 13 cases do not require any attorney’s fees to be paid in advance of filing.

Filing for bankruptcy is not the easy choice, but it can be the smart one. Call King and King today at 404-524-6400 to find out how we can clear your debt so you can get the fresh start you need.