Too Broke To Get A Bankruptcy Lawyer?

It does cost some money to file bankruptcy.  We lawyers  bankruptHOUSE

do not work for anything.  And the bankruptcy filing fee is $306,

and going up to $335  in June.

Now, if someone lived in the ice house in the picture, you would assume they had no money.  Probably, no debts either.  Are you too broke to file for bankruptcy?

I often get that question:

HOW DO I GET THE MONEY TO PAY A BANKRUPTCY LAWYER?

Makes sense, people who are broke, tend not to have any money.

How much I charge depends on the complexity of the case.  One size does NOT fit all.

Lots of people use tax refund money to pay for their bankruptcy case.

Some can get a gift from a relative.

You can get money from any legal source.  Like, don’t get into a criminal activity to raise funds.

Do NOT borrow it, either.  A debt incurred close to bankruptcy is presumed to be a fraud on the creditor  you got that money from.

I require fees to be paid up front, that is, before the case is filed.  Otherwise, I become a creditor, and the balance of what you owe me is discharged.

You can sell property, like stock, or take money out of a 401(k) or other types of retirement accounts.

You could borrow from your 401(k), that loan would be secured by your account, no fraud issue.

I AM NOT RECOMMENDING THIS.

Always check the tax consequences.  And check with your bankruptcy lawyer BEFORE you do something out of the ordinary.

We make choices based on what we think is best for us.

If you can put up with creditor harassment, that is what you do.

If you can tighten your belt and save the money, you do that.

Lots of my clients can save the bankruptcy attorney fee when they stop paying the bills they will get rid of by filing bankruptcy.

It is surprising how many folks just keep paying credit cards or other bills they will be discharging.

That is just throwing money away.

Some areas of the country have legal aid, or even bankruptcy court, resources for those who really have no resources to file.  Check out those options.

If you need to file bankruptcy, there will be a way.

Bankruptcy Follows Credit Card Debt

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That’s Not My Debt!

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What Can My Credit Card Company Do?

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00Creditors call, write, even sue, which puts a lot of people into bankruptcy. Now, Capital One (“What’s in your wallet?) has changed its basic agreement to say” The update specifies that “we may contact you in any manner we choose” and that such contacts can include calls, emails, texts, faxes or a “personal visit.” As…

But I Don’t Even Know Who Is Suing Me?

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Detroit Bankruptcy Petition Preparer

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00I am not an advocate of licensing of professions;   lots of licensed lawyers no nothing of bankruptcy law. However, virtually none of the Michigan bankruptcy petition preparers properly serves their bankruptcy clients. As illustrated by one of the Detroit Michigan bankruptcy petition preparers being sentenced to 46 month in federal prison. Ouch! You have to…

Trott & Trott Michigan Foreclosure Letters

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00Trott and Trott is the law firm in Michigan that handles more foreclosure  cases than anyone else. I just set up a seminar by a consumer lawyer who has won the legal argument that the standard letter sent by Trott and Trott warning of foreclosure – violates the FDCPA. What Is The FDCPA? FDCPA stands…

How To Select A Michigan Bankruptcy Lawyer

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00If you found this website, you have found an excellent Michigan bankruptcy lawyer. Better a lawyer certified in consumer bankruptcy law than one who is not. Being a member of the American Bankruptcy Institute usually indicates a desire to stay up to date in bankruptcy law developments. Personal references are great, but, people usually do…

Medical Credit Cards? Another Path To Bankruptcy?

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00Another way to borrow money:  financing medical and dental procedures. Hey, the doctors and dentists are all for it – they get paid, even if you end up filing bankruptcy. There is nothing magical about medical procedures that mean it is better to go into hock for one of them instead of a TV or…

I Filed Bankruptcy, But Still Own My House?

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00This is a problem across the country, in both Chapter 7 and Chapter 13 bankruptcy  cases when the debtor, my client, the person filing, WANTS to give up her house. Lots of folks still cannot afford their mortgage payments, because their income went down, or the payment went up, or both. No matter how many…