How Can I Afford an Attorney If I’m Filing for Bankruptcy?

Jacksonville Bankruptcy Attorney(1)As Jacksonville bankruptcy attorneys, one of the most common questions we receive is: How can I afford an attorney if I’m filing for bankruptcy?

If you have asked yourself this question, the actual question you should be asking is: Can you afford not to work with a bankruptcy lawyer?

The Complex Bankruptcy System

Starting in 2005, bankruptcy became much more complex. Changes in the law meant people must now navigate a maze of regulations. If you are experiencing severe financial difficulty, now is not the time to risk falling deeper in debt by trying to navigate the bankruptcy system by yourself. Read more about the changes in bankruptcy law here.

Although some Chapter 7 cases are relatively straightforward, these types of cases are few and far between. In fact, many courts now require bankruptcy applicants filing on their own or using the services of a non-attorney petition preparer to sign a disclosure form acknowledging they are aware of the risks associated with do-it-yourself petition preparation.

Read more about disclosure in regards to bankruptcy here.

You know it’s important to work with a lawyer, but how will you afford it? Fortunately, there are many options to choose from.

Make Payments

An experienced Jacksonville bankruptcy attorney will assist you in creating a winning strategy for your case, including deciding the most appropriate time to file.

In some cases, it is a good idea to delay filing – even if this means waiting a few months to file. During this time, you can make payments toward your future attorney’s fees.

Consider the Long-Term Savings

Filing a bankruptcy petition costs money, but it is negligible compared to the money you save over time when you think about the debt you can discharge in your bankruptcy.

Although coming up with the resources to file bankruptcy when you are already short on funds may be a challenge, it is a challenge you can overcome when you consider how much financial freedom you will experience once your case is complete.

Get a Loan from Friends or Relatives

Friends and relatives can be a source of the money you need to file your bankruptcy case with the help of a lawyer. Once you explain your situation to them, you may be pleased to learn how willing they are to assist you.

Many may even view it as a chance to have an honest discussion about their own past financial difficulties. Once you’re back on firm financial footing, the law permits you to repay friends or family members who helped you gather the resources needed to file.

Check out this site here to read more about the different ways you can pay for bankruptcy.

Get Help with Bankruptcy with a Jacksonville Bankruptcy Attorney

If you are worried about how you are going to pay for your bankruptcy, it is important to explore your options with a knowledgeable Jacksonville bankruptcy attorney. Bankruptcy lawyers regularly work with clients who are struggling to make ends meet.

They know you are barely keeping your head above water in a sea of mounting debt. The first step to reclaiming your financial security is speaking to an attorney about making bankruptcy a possibility for you.

As Jacksonville bankruptcy attorneys, we hate to see bankruptcy trustees taking control of assets that would have otherwise been protected in the hands of a knowledgeable bankruptcy lawyer.

Without an experienced Jacksonville bankruptcy attorney by your side, you risk having your bankruptcy case dismissed due to errors in filing, a mismanaged case, or lack of a well-developed strategy.

Visit here to learn more about working with a Jacksonville bankruptcy attorney.

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