If you are in debt you may be looking to hire a bankruptcy lawyer to help you file bankruptcy. Bankruptcy lawyers may be expensive if you are on a tight budget. You may be looking for a “zero down bankruptcy lawyer near me” or a bankruptcy lawyer that allows you to file bankruptcy for “zero down” Our bankruptcy lawyers can help you file bankruptcy for zero down.
Hiring a good bankruptcy lawyer is not cheap and ensuring that you have good legal representation when filing bankruptcy is vital. Many people ask why they have to pay to file bankruptcy if they have no money. Bankruptcy helps people to start over. To start over you may have to invest a little money. For example, if you are in $20,000 of credit card debt, paying $2,000 for a lawyer isn’t that bad.
Bankruptcy Lawyer Payment Plan
A good bankruptcy lawyer will try and work with you to make a payment plan. However, most bankruptcy lawyers won’t file your bankruptcy until you have paid them in full. You may wonder why that is? and what the point of going into a payment plan is. There are a lot of benefits to making payments towards your bankruptcy lawyer even if you can’t pay your bankruptcy lawyer in full.
First, once a bankruptcy lawyer is retained they will be able to contact all of your creditors on your behalf. This can stop harassing debt collectors from calling you. This can alleviate a lot of mental stress for people that are constantly getting harassed by their creditors everyday.
Second, If you get a lawsuit from a creditor in the mail, your bankruptcy lawyer can explain the next legal steps you should take to ensure that you are taking the right steps to protecting yourself. As you continue to not pay your credit card bills, many debt collection law firms will start to sue you. Debt collection lawsuits usually begin anywhere after 90 days of non payment. Many creditors will want to rush to the Courthouse to file a lawsuit for debt owed because the first creditor to get a judgment is allowed to garnish your wages. Usually, only one creditor is allowed to garnish wages at a time, so they all want to be first. After the first one is completed the next creditor will wait in line to garnish your wages.
Third, making payments can help you to put money away for the process. Many people who are filing bankruptcy have a hard time trying to put money away. Paying your bankruptcy lawyer little by little each month can be a way to make payments at your own convenience.
Why Can’t My Bankruptcy Lawyer File My Case Until I Pay My Attorneys Fees In Full?
Many people often wonder why the attorney won’t file their case until they are paid in full. Bankruptcy laws allows debts before filing a bankruptcy to be discharged. This means any fees accredued for work that a bankruptcy lawyer does prior to the filing would be allowed to be discharged. Now, there are ways around this. For example, a bankruptcy lawyer can ask the Court permission to collect the fees. However, most bankruptcy lawyers won’t want to go through the hassle of doing this.
How Can I Afford to Pay For a Bankruptcy?
Individuals who are strapped for money often don’t understand how they will pay for bankruptcy when they can’t afford to meet their basic living expenses. There are a few ways that people usually pay for their bankruptcy.
1. Stop Paying Your Credit Card Bills Before Filing Bankruptcy
The first way many individuals save to pay to file bankruptcy is by stopping payments on their credit cards. If you stop making payments on your credit cards or unsecured loans you may have money left over for your bankruptcy.
2. Use Your Tax Refund Money to Hire a Bankruptcy Lawyer
Individuals who are looking to file bankruptcy and are getting a large tax refund, often use it to file bnakruptcy. If creditors get judgments against you they can take your tax refund money to pay off the debt. Creditors with judgments can levy your bank account and put liens on your property. By using your tax refund money to pay for your bankruptcy, this can alleviate a lot of future stress. Once these creditors are added to your bankruptcy petition they won’t be able to go after you or your bank account.
3. Ask Friends & Family For Help to File Bankruptcy
Many individuals who are thinking about filing bankruptcy can ask their family or friends for help to pay the costs associated with filing bankruptcy. Often friends and family may be willing to help you get out of debt so that you can start over.
If you want to learn more about the costs of filing bankruptcy and how you can file bankruptcy with zero down contact our office today. Karra L. Kingston Esq. has helped many individuals get out of debt and start over. Karra L. Kingston Esq. helps people file bankruptcy in New Jersey, Staten Island and all five boroughs. You can give us a call at 973-979-9078 or email us at karra@klkbankruptcylawyer.com.