Have you unfortunately ended up under a lot of debt? Are your bills pending and you have no means of paying them? Are you stuck in the middle of nowhere and are about to breakdown? Are you worried about your family and losing your property in the foreclosure? If you answered any of those questions with a yes, you should probably talk to a bankruptcy lawyer.
How Can a Bankruptcy Lawyer Help You?
If you do not have the ability to make payments to pay off your debts you can possibly file chapter 7. Your assets will be sold in order to pay of your debts and your debts will be discharged.
If you have the ability to make payments and have a steady income then filing chapter 13 may be appropriate. The court will create a transaction plan of who will be paid, the amount and the time frame (often 5 year period) to repay your debts in full. After the debts are paid in full your debts will be discharged and your payment plan discontinued. By speaking to a bankruptcy attorney you will be guided towards financial freedom in the best method for your financial situation.
What is The Cost of Filing Bankruptcy?
Costs of Filing Bankruptcy:
What is The Cost of Hiring a Bankruptcy Lawyer?
Depending upon the chapter you file your case under, a lawyer may charge a different fee. The fee also depends upon the time that the plea may take and the amount of work that the lawyer will have to do. The lawyers charge somewhere around $1500 on an average for a Chapter 7 bankruptcy while the fee for Chapter 13 bankruptcy is up-to $5000.
There are many sad stories about people being buried under debt that bankruptcy attorneys will relay to prospective clients.
How Can a Bankruptcy Lawyer Help You?
If you do not have the ability to make payments to pay off your debts you can possibly file chapter 7. Your assets will be sold in order to pay of your debts and your debts will be discharged.
If you have the ability to make payments and have a steady income then filing chapter 13 may be appropriate. The court will create a transaction plan of who will be paid, the amount and the time frame (often 5 year period) to repay your debts in full. After the debts are paid in full your debts will be discharged and your payment plan discontinued. By speaking to a bankruptcy attorney you will be guided towards financial freedom in the best method for your financial situation.
What is The Cost of Filing Bankruptcy?
Costs of Filing Bankruptcy:
What is The Cost of Hiring a Bankruptcy Lawyer?
Depending upon the chapter you file your case under, a lawyer may charge a different fee. The fee also depends upon the time that the plea may take and the amount of work that the lawyer will have to do. The lawyers charge somewhere around $1500 on an average for a Chapter 7 bankruptcy while the fee for Chapter 13 bankruptcy is up-to $5000.
There are many sad stories about people being buried under debt that bankruptcy attorneys will relay to prospective clients.
About the Author:
This writer is very knowledgeable on the topic of bankruptcy attorney denver Colorado. Please take a glance at their online site to know much more.