Blog

The Cost Of A Bankruptcy Attorney is Minimal Considering Being Debt Free

 

When considering the costs of everything these days, when being faced with unmanageable debt. Just go to the store and check out the price of coffee and milk and you’ll be shocked about how much it’s gone up over the last year. Everything these days is getting expensive but one thing has stayed relatively inexpensive when considering the value and that’s hiring a bankruptcy attorney. When considering the amount of debt a person can discharge when filing Chapter 7 bankruptcy, the cost of a bankruptcy attorney is minimal. The problem with those filing bankruptcy is usually they wait too long to file. When an individual is faced with a health crisis, they usually immediately go to the doctor and find out what’s wrong. When Americans face debt problems, they tend to bury their head in the sand hoping the problem will go away or get better down the road. In fact, many of these people dig themselves a deeper hole by borrowing more money to pay off the old debt. If they had just taken the time to visit a bankruptcy attorney and discuss their personal financial matters, they would leave the office knowing that the only way out of this crisis is to file for bankruptcy.

Since the real estate meltdown in 2008, many people have been trying to keep their homes out of foreclosure by going further in debt. Usually, the inevitable happens and they end up in foreclosure anyways. There are many things that could be done if the individual took the time to seek the advice of a bankruptcy attorney before the problem got so complicated the only way out is foreclosure. There are many reasons for people needing to file for bankruptcy, but at the top of the list is credit card debt. Some people would be able to afford their house payment if they weren’t paying the interest on $50,000 in credit card debt. In some cases, the bankruptcy attorney will advise the debtor to file Chapter 7 bankruptcy and wipeout the credit card debt completely. If they’re not behind on their payments, it might be possible to reaffirm the mortgage and continue on keeping their home after the bankruptcy filing. There are many creative things a bankruptcy attorney can do as the circumstances for every individual can vary drastically. That’s why it’s best for the debtor to be proactive when it comes to financial matters just as if it was a health crisis. Usually the ultimate goal of individuals filing for bankruptcy is to get on the road to becoming debt-free. With a little bit of work and a lot of common sense being debt-free is not too far off.

2 Responses to The Cost Of A Bankruptcy Attorney is Minimal Considering Being Debt Free

  1. says:

    It rlaely does sound like you have a case against the hospital/surgeon that botched your surgery. I’d try contacting multiple lawyers and seeing what they can do for you.

    Reply
  2. says:

    Call the phone nmuebr and see if you can workout a payment deal. Its better to inform them your situation rather ignore. Good luck

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: