How Much Does Bankruptcy Cost - Is It A Flat Fee?
If you are considering bankruptcy, there is no doubt you are wondering how much does bankruptcy cost. The fact of the matter is, it is not a one size fits all kind of deal. Everyones situation is different, so there isn't one set fee that attorneys charge to file a bankruptcy on your behalf.
To get an accurate figure as to how much does a bankruptcy cost, there are several things that have to be taken into account:
1. The amount of debt you are including in the bankruptcy
2. Which chapter are you filing, chapter 7, 11 or 13?
3. Whether or not your debt is secured or unsecured
4. Filing and attorneys fees
You see, depending on exactly what your situation is, there are different steps that need to be followed. In addition, different chapters and different circumstances require different forms and paper work. In a world that made any sense, a bankruptcy would be free, right? After all, you are filing because you don't have any money in most cases, and your debt is now out of control.
The easiest way to find out exactly how much does a bankruptcy cost is to get a free consultation with a professional. Usually, after asking you a couple of questions and finding out about your situation, they are able to not only tell you exactly how much the bankruptcy will cost you, but in many cases, they can also refer you to someone in your area that can take care of the process for you.
Contrary to popular belief, filing a bankruptcy isn't as easy as walking into a court and saying that you can't afford to pay your bills, and it is a done deal. Ultimately, a bankruptcy judge looks at your situation, your income, and your debt level and then makes a determination as to whether or not your bankruptcy request will be approved.
That is why getting a free consultation is so important. Going into the process uninformed and without the right guidance on your side could turn into a disaster. Filing for a bankruptcy is a huge decision, and if you have come to the conclusion that it is necessary, there is no doubt that you understand the importance of having all the facts before diving in.
As stated, the first step to finding out how much does a bankruptcy cost, would be to talk to someone who is qualified to give you an answer based on your situation. The best part is, free consultations are available from many different professionals. Be an educated consumer, and take advantage of them.
To get an accurate figure as to how much does a bankruptcy cost, there are several things that have to be taken into account:
1. The amount of debt you are including in the bankruptcy
2. Which chapter are you filing, chapter 7, 11 or 13?
3. Whether or not your debt is secured or unsecured
4. Filing and attorneys fees
You see, depending on exactly what your situation is, there are different steps that need to be followed. In addition, different chapters and different circumstances require different forms and paper work. In a world that made any sense, a bankruptcy would be free, right? After all, you are filing because you don't have any money in most cases, and your debt is now out of control.
The easiest way to find out exactly how much does a bankruptcy cost is to get a free consultation with a professional. Usually, after asking you a couple of questions and finding out about your situation, they are able to not only tell you exactly how much the bankruptcy will cost you, but in many cases, they can also refer you to someone in your area that can take care of the process for you.
Contrary to popular belief, filing a bankruptcy isn't as easy as walking into a court and saying that you can't afford to pay your bills, and it is a done deal. Ultimately, a bankruptcy judge looks at your situation, your income, and your debt level and then makes a determination as to whether or not your bankruptcy request will be approved.
That is why getting a free consultation is so important. Going into the process uninformed and without the right guidance on your side could turn into a disaster. Filing for a bankruptcy is a huge decision, and if you have come to the conclusion that it is necessary, there is no doubt that you understand the importance of having all the facts before diving in.
As stated, the first step to finding out how much does a bankruptcy cost, would be to talk to someone who is qualified to give you an answer based on your situation. The best part is, free consultations are available from many different professionals. Be an educated consumer, and take advantage of them.
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