CAN I REALLY FILE FOR BANKRUPTCY WITH NO MONEY DOWN?
Did you know you may be able to file for bankruptcy without having to pay your attorney any money down? All to often we people go to a lawyers office to learn about how bankruptcy can help them. The lawyer tells them all the perks and how it can help them get back on their feet, but then there comes a disconnect. The potential client comes in because he is broke, but the lawyer then asks for a substantial sum of money to pay for his services. The person sits there thinking to themselves, "how and the hell am I going to come up with the money, if I had the money to pay that amount of money I wouldn't be in here in the first place?"
There is a solution! People can find relief from the constant harassment of creditors by filing bankruptcy and the lawyer can still make money by helping the client, without requiring them to come up with money they obviously don't have. By filing for bankruptcy under Chapter 13 of the Bankruptcy Code, a person can stop harassing phone calls and find a moment to take control back of their financial life.
In Chapter 13, the lawyer's fee can be paid through your chapter 13 plan payment. This means that the chapter 13 trustee will distribute a small portion to you attorney with each payment you make. You lawyer gets the money he has earned by representing you, you get the relief and fresh start you need to get your finances back in order. This allows you to get a case filed right away without having to come up with a bunch of money you may not have at the moment. Now, there still is the court filing fee of $281, this fee does not go to the attorney but goes to the court. Did you know that some people don't even have to pay that fee all up front? The court now allows some people to pay that fee in installments.
If you find yourself stuck between a rock and a hard place financially and have no idea how you're going to get out you should find an experience bankruptcy lawyer who can show you how filing bankruptcy can help you. Richards & Godfrey, PC. , has been helping people find relief from their financial situation for over 25 years. We help clients throughout Northern Utah, you can come in and discuss the possibility of bankruptcy for FREE. 801-621-7443
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