Can I File for Bankruptcy for Free?

Many individuals who are facing the possibility of filing personal bankruptcy are not only concerned with the personal costs to their credit, finances and assets, but also wonder about the cost to file bankruptcy. It is not a free filing with any court since there are bankruptcy forms, documents and requirements that must be submitted even if an individual does all the legal work themselves. Usually, a Chapter 7 bankruptcy can be filed with the court for under $300 in fees. Since the change of the bankruptcy code in 2005, debtors are also required to take a pre-bankruptcy credit counseling course and a post-bankruptcy financial management course at the cost of about $30 to $50 each.

In today’s economy, it’s no surprise that there’s a lot of people out there that are so broke they can’t even afford to file for bankruptcy. There are many do-it-yourself bankruptcy websites that have popped up to help individuals that want to go it alone. Even with these websites there is a cost involved. Although it is minimal, the old adage that you get what you pay for comes into play. Since the bankruptcy code changed back in 2005 there is a new added complexity to filing bankruptcy. People who are considering filing for bankruptcy need to look for a good outcome to have the possibility of getting a fresh start in life.

Taking into consideration the amount of debt that the individual wants to discharge in the bankruptcy filing, it’s really quite a value to hire a bankruptcy attorney. If your kids were sick and you were strapped for cash, you would cut the necessary corners to hire a doctor for treatment. It’s no different when you’re financially sick, it’s important to find a bankruptcy attorney that will work well with you and your family to get the maximum results from the bankruptcy filing. A bankruptcy filing is a legal proceeding that requires a lot of proper documentation that if missed it could change the outcome of the bankruptcy discharge. When you’re filing bankruptcy you need to make sure that the maximum amount of your family’s assets are protected, while the maximum amount of debt is wiped out in the bankruptcy. Hiring a bankruptcy attorney will make sure your family gets the proper results for their financial future.

Getting answers to those tough bankruptcy questions needs to be thought of before you make a decision when it comes to your financial problems. Finding the answers to help you understand your situation more clearly can help you make an informed decision about filing bankruptcy. Take a minute to call or fill out the form to have a FREE NO OBLIGATION CONSULTATION with a bankruptcy attorney in your area.