Tag Archives: bankruptcy

Guide To Finding Cheap Bankruptcy Lawyers

Posted by on November 24, 2010 Comments Off

Perhaps you’re planning to file a personal bankruptcy claim but the steep cost of hiring a bankruptcy attorney stops you in your tracks. You might have thought about seeking the services of a cheap bankruptcy lawyer but you don’t want to risk putting your finances into the hands of a shady firm. If you’re facing these dilemmas, you’ll want to read the rest of this article. We’ll show you how to get legal representation at an affordable price.

Each individual bankruptcy claim can cost over $2,000. This fee still does not include the filing fee of $300. It can be pretty expensive for the average borrower to handle. Although you are not legally required to seek representation, there are several benefits to doing so. If you’re deterred by the cost of hiring a lawyer, these money saving strategies will help you –

• Referral services – You can get free referrals for an attorney from most state bar agencies since these agencies only deal with reputable firms. You’ll get recommendations on a qualified attorney in your area.
• Internet search – You can find lawyers that offer affordable rates by typing in the phrase “cheap bankruptcy lawyers” on the online search engine. You’ll most likely see a lot of results that are worth looking into. Among the lawyers and firms you find, be sure to select one that has a good and strong reputation for service.

When it comes to searching for a reputable attorney, nothing beats meeting with them personally. You’ll get to learn more information this way. Set up a free initial consultation with at least 3-5 lawyers in your area. Listen to what they have to say regarding your situation and don’t be afraid to ask questions. You can learn a lot about the bankruptcy process this way. Hopefully, you’ll also get to pick out the best lawyer for your case.

Debt Elimination: Is Bankruptcy Right For You?

Posted by on October 8, 2010 Comments Off

The idea of filing for bankruptcy is not something anyone wants to consider. Even if your credit is in decent shape now, it does not take long to overspend and get in over your head in debt you are unable to pay back. Credit cards and lines of credit are so easily accessible these days that it is no surprise why so many people have bills they can’t afford to pay.

For anyone who finds themselves in debt, regardless of the specifics, it is important to not just ignore your debt and think that this will make it go away. The only thing that will happen is it will get worse. Don’t let your bad credit get worse. Collectors will not just give up and throw your debt out the window, even if it has been some time since you have heard from them. They may just be letting your debt sit idle and collect interest and then will come after you in the future for that money.

There are different options for debt relief, but for some people they must consider filing for bankruptcy. Claiming bankruptcy is probably your best option if you are hundreds of thousands of dollars in debt, have extremely bad credit and are unable to get approved for a debt consolidation loan or otherwise have no other options for debt relief.

When you file for bankruptcy your debts are all cancelled out so you never have to worry about paying off the debt. You simply make a small payment to your bankruptcy services each month until it is paid off. However, there will be a stain of bankruptcy on your credit report for at least six years afterwards and you will likely not be able to get approved for any credit cards and possibly even turned down from jobs.

Make sure you do your research, talk with a professional and know weigh out all the pros and cons before making such a serious decision as whether or not to file for bankruptcy for debt elimination.

Three Facts About Chapter 7 Bankruptcy in Dayton

Posted by on December 10, 2009 Comments Off

Due to today’s very poor economy, more and more people are finding themselves in the cross hairs of having to file bankruptcy,  Very often, these people are not voluntarily filing bankruptcy; they are often being forced to declare bankruptcy by their creditors.  As such, we are going to discuss 3 little known facts about Chapter 7 bankruptcy.

The first thing about filing for Chapter 7 bankruptcy is to realize that you are going to have to hire a Dayton bankruptcy attorney.  As a result, you will have to add your lawyer to your list of creditors.  In case you are wondering why you would need to hire a lawyer, the new bankruptcy laws require a bankruptcy lawyer to be present when someone goes through the bankruptcy proceedings.

Second, if you owe taxes or student loans (even if they are private student loans with outrageous interest rates), you will not be able to discharge these debts.  As a result, you may have noticed how there are more and more student loans being advertised on television today.  These creditors know that regardless of how bad your financial situation is, you will still have to legally pay them back.

Third, a Chapter 7 bankruptcy will remain on your credit report for up to 10 years.  As a result, you will have a significantly harder time gaining access to credit (whether in the form of credit cards, car loans, or home loans).  Of course, this isn’t necessary a bad thing.  Once you discharge your debts, you do not want to become a slave of the lending companies again.  This time period can give you’re the opportunity to get back on your feet.

To determine if you really need to file bankruptcy, we highly recommend you contact a reputable credit counseling service.  Please stay away from debt consolidation companies; these companies will simply ruin your credit.

If you would like more information about bankruptcy, feel free to visit the Dayton Lawyer Guide.