How Much Can It Cost
To File Bankruptcy?
King and King
Bankruptcy Attorneys, Atlanta ,
Georgia
Most people would like to see a dollar amount to answer this
question. However, the cost of filing bankruptcy
can vary depending on your financial circumstances, whether you need to file a
Chapter 13 or Chapter 7, and the experience of your attorney.
A Chapter 13 is a
reorganization of your debt and a repayment plan bankruptcy. You must have
income coming in every month to be able to support a Chapter 13 bankruptcypayment. It is a very detailed and complex bankruptcy and one we suggest that
you do not file without an attorney. Chapter 13 bankruptcy may require you to
pay a certain amount to your unsecured creditors over the course of your plan. You
may be able to eliminate all of your unsecured debt and just pay back your
secured debt, a great benefit that many of our clients are able to take
advantage of. You should schedule a
consultation with an attorney to get more details and make sure that Chapter 7
bankruptcy (where all of your debt may be discharged) isn't an option.
Chapter 7 bankruptcy can clear most debts in a shorter
amount of time. Once you file Chapter 7,
the creditors stop harassing you and debt payments stop. Most if not all of your property can be
protected in a Chapter 7, and you can stop lawsuits and garnishments against
you.
The cost of Chapter 7 or Chapter 13 bankruptcy depends on
the case. Call King and King Bankruptcy attorneys today at 404-524-6400
for a free consultation. After your
consultation, we will be able to offer you a quote for your case.
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