How To Claim Bankruptcy For Free

The personal bankruptcy process can be a great way to eliminate large portions of accumulated debt, though there are some things to consider before you can determine when to claim bankruptcy. Many people don’t realize that filing bankruptcy can be extremely time-consuming and stressful, particularly for those who decide to go through the process on their own. People also don’t realize that claiming bankruptcy costs money. We often hear people ask questions about how to claim bankruptcy for free, and it’s these same people that are disappointed to learn that filing bankruptcy for free simply isn’t possible.

Unfortunately, filing a bankruptcy claim costs money no matter how you look at it. Although you aren’t required by law to retain the services of an attorney for your case, everyone is required to pay a filing fee, which amounts to about $300 when filing under Chapter 7 or Chapter 13. You will also be required to attend credit counseling courses when filing a claim and these will cost between $75 and $100.

Although you can’t claim bankruptcy for free, there are some ways to save a considerable amount of money on you claim, particularly if you are interested in hiring an attorney. Using a bankruptcy attorney to assist you with your claim comes with several advantages, though perhaps the biggest advantage is that an attorney can provide legal representation and advice. Let’s face it – claiming bankruptcy can be a scary ordeal, so it just makes sense to hire a professional to see you through the process. Apart from offering representation, a bankruptcy attorney can also help you prepare and file documents, which can be an extremely time-consuming process if you decide to do this yourself.

Bankruptcy attorney fees vary depending on the firm and the nature of your case, though you should expect to pay between $1,000 and $2,000 for representation. To save money on attorney fees you might decide to hire a cheap bankruptcy lawyer, though you need to be careful not to hire someone that doesn’t have your best interests at heart. Before hiring any attorney, it’s critical that you take the time to properly research a handful of firms.

For more information on how to claim bankruptcy and for a free bankruptcy evaluation, please feel free to take a look around our site. We also have information on how to claim bankruptcy without a lawyer.

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