2006-10-12 04:07:09 · 9 answers · asked by MD 1 in Business & Finance ➔ Credit
I've seen signs that say "$395 bankruptcy"; don't know if that's true, but you should be able to get it for under $1000.
It will also cost you in future interest rates, but it's hard to worry about that now I guess.
2006-10-12 05:07:22 · answer #1 · answered by n0witrytobeamused 6 · 0⤊ 0⤋
I heard that with the latest changes in the bankruptcy law, the fee depends on your income. It used to be a flat fee for the attorney, though they can also charge you for postage, filing fees, etc. When I filed (more than 10 yrs ago) I didn't have a lot of debtors or a lot of income, so my attorney only charged me the flat fee. A good attorney will be totally upfront with you about how much it'll cost and how good your case is, well before they actually do anything. So, call around and ask questions and see who gives you the unvarnished truth.
2006-10-12 09:07:32 · answer #2 · answered by pag2809 5 · 0⤊ 0⤋
Shop around for an attorney that fits your budget. If you have friends that work at a law firm, perhaps they know a bankruptcy attorney to help you. You will have to pay an attorney, the fees may be high.
2006-10-12 04:35:38 · answer #3 · answered by newyorkgal71 7 · 0⤊ 0⤋
5 Tips For Getting An Attorney for your Bankruptcy
http://get-out-of-the-debt-trap.com/category/5-Tips-For-Getting-An-Attorney-for-your-Bankruptcy.html
2006-10-13 22:45:01 · answer #4 · answered by sing i 2 · 0⤊ 0⤋
submitting for financial disaster isn't a competent theory for a individual. The regulations have replaced at the instant to choose the lenders much extra fairly, the guy could have expenditures to pay on precise of the charges (the credit card debt is now no longer something which will drop out), and she or he or he would be in a position to be positioned on a “pay-back” plan that has little or no room for a ignored value. there is little to no protection for the guy. Your pal’s terrific guess is to discover a company (a non-earnings, community team) to bypass by way of some credit counseling and debt consolidation (they’ll negotiate decrease rates of interest so as that the payback is going way down), then artwork demanding to PAY DOWN that debt. specially circumstances the negotiators can get the quantity of debt decreased, too. financial disaster ought to in ordinary terms be as a desparate final motel, and there are a ton of on line aspects to examine up on it. those new federal regulations retaining lenders are a great attention, as a results of fact the debt could now no longer be decreased in any respect.
2016-12-08 13:26:51 · answer #5 · answered by scheiber 4 · 0⤊ 0⤋
Probably varies from lawyer to lawyer. I think that most of the time all the fees are included in the price that the lawyer quotes you. Just call around to the lawyers in your area and ask them what they charge and whether all fees are included in that price. Even if the fees are not included they will likely be able to tell you how much they will be...I think they are pretty standard for everyone.
2006-10-12 04:17:18 · answer #6 · answered by Tallulah 4 · 0⤊ 0⤋
It depends on the city/state you are in. In mid-Michigan the minimum is $800.00 mainly because of the fees the courts charge to file, plus the lawyer needs to get something out of the work involved. There are ways you can file yourself, just go to your local court house or check online, it really depends on how far in debt you are.
2006-10-12 07:17:24 · answer #7 · answered by Anonymous · 0⤊ 0⤋
it depends how genuine is the bankruptcy and how big was the biz.and it also depend onlawyer you hier
2006-10-12 04:13:56 · answer #8 · answered by shahidshada 2 · 0⤊ 0⤋
I found some good info here.
2006-10-12 20:26:07 · answer #9 · answered by Anonymous · 0⤊ 0⤋