CALL NOW!
FREE PHONE/VIRTUAL CONSULTATION

Are You Too Broke to Declare Bankruptcy?

One of the most devastating facts someone facing financial hardship will realize is that it is going to take money to get them out of their current predicament – money that will not go toward paying a single bill. If you have reached your wit’s end with finances and you are ready to file for bankruptcy, you should not expect the process to be free. Fortunately, for many it is money invested in repairing their current situation and putting them on the right track for the future.

Not Everyone Can Afford Bankruptcy

Despite the positive aspects of filing for bankruptcy – and there are several – it just is not be an option for many. According to US News and World Report, the average Chapter 7 bankruptcy filer pays $1500 in filing and attorney fees. You probably do not need to be told this is a good chunk of change for someone in a desperate financial situation. Estimates show that anywhere between 200,000 and one million of those considering bankruptcy will not have the money needed to file.

Chapter 7 used to be a more attainable option for many, but Congress changed bankruptcy laws in 2005, making it more expensive and more difficult to file than ever before. Filers are forced to attend credit counseling and meet certain criteria before they can file for Chapter 7. Many believe this tougher system for filing coincides with an increase in a need to file. Recent years have brought tough financial times for many, and more and more are seeking a solution to their serious debt problems.

Going It Alone Can Cost You Big

Some people might be tempted to forego a bankruptcy attorney to reduce the cost for filing. They see the filing fees for both Chapter 7 and Chapter 13 are around $300 without an attorney, and some even have the option of getting that fee waived. For more information on bankruptcy court fees, visit USCourts.Gov.

Unfortunately, without an attorney, you are at a greater risk for having your bankruptcy case dismissed. Furthermore, a good bankruptcy attorney does more than just file your paperwork for you. He or she will help you manage debt before, during, and after your bankruptcy. In some cases, you might even learn there is a better option than filing. Bankruptcy without the support of an attorney can turn a bad situation into one that is much worse.

Are you considering filing for bankruptcy? Do you have concerns about how much filing will cost and whether you can afford it? We can help. Contact the Law Offices of Robert M. Geller at 813.254.5696 for more information.

Archive

Video Testimonials

Tampa Bankruptcy Law Blog

How Does Getting Married Affect Bankruptcy?

If you are considering bankruptcy, you may be wondering how getting married affects your ability to file. The answer is...
Read More

How Does Filing for Bankruptcy Affect a Vehicle Loan?

If you're considering bankruptcy, you may be wondering if you'll be able to keep your car. The answer depends on...
Read More

8 Ways to Deal with Student Loan Debt

If you're one of the millions of Americans saddled with student loan debt, you're probably looking for ways to minimize...
Read More

Tips for Handling Credit Card Debt

If you're struggling with credit card debt, you're not alone. The average American household owes nearly $6000 in credit card...
Read More

Don’t Fall for These Common Bankruptcy Myths

There are a lot of misconceptions out there about bankruptcy. Working with a debt defense attorney is one of the...
Read More

Can Filing for Bankruptcy Affect My Career?

It’s common for people considering bankruptcy to wonder how filing affects their job. The answer to this question depends on...
Read More

Can I Fix My Credit After Bankruptcy?

Wondering how to improve credit after bankruptcy? Here's what you need to know. Bankruptcy can be a fresh start for...
Read More

What Happens If I Can’t Afford Chapter 13 Bankruptcy?

Are you wondering what happens if I can’t afford my chapter 13 payments? Here's what you need to know when...
Read More

Help I Regret Filing for Chapter 7 Bankruptcy

Bankruptcy isn't the right choice for everyone. Depending on your unique financial situation, you may be able to find other...
Read More

How a Bankruptcy Attorney Helps You Avoid Problems When Filing

Do you know what mistakes to avoid when filing for bankruptcy? If you're considering filing for bankruptcy, it's important to...
Read More

Bankruptcy

For The Next 5 Days GET A FREE BOOK About Bankruptcy

Learn More

Infographics

We are A Debt Relief Agency.
We help people file for bankruptcy under the Bankruptcy Code

Pay Online Bankruptcy Courses Newsletter Subscription

Call For A Free Initial Consultation

813.254.5696

Tampa Office

Law Offices of Robert M. Geller, P.A.
807 West Azeele Street
Tampa, FL 33606
T: (813) 254-5696
T: (800) 853-7549
F: (813) 253-3405

Map And Directions

St. Petersburg Office

Law Offices of Robert M. Geller, P.A.
125 5th Street South
(Wells Fargo Financial Center)
2nd Floor, Suite G
St. Petersburg, FL 33701
T: (727) 532-3939

Map And Directions

Pasco Office

23526 State Road 54
Lutz, FL 33559
T: (813) 336-2320

Map And Directions