Bankruptcy

Holes_in_my_pocket

A fate worse than debt

Holes_in_my_pocket

People who live beyond their means should act their wage

Holes_in_my_pocket

Dealing with Debt", by Owen Munny.

Holes_in_my_pocket

Whenever I go near a bank, I get withdrawal symptoms.

Holes_in_my_pocket

Plastic surgery: Cutting up all your credit cards.

robortwillys

Hi
Even if you find a low or no cost attorney, be aware that there are some charges that you will be reponsible for. The court filing fee for a Chapter 7 bankruptcy is $299 today. There is some talk that it will be raising in the next few months, but nothing official yet. You can also petition to court to pay this fee in installments, but in our experience, it's really not worth it.
You will also be required to take a two credit counseling classes, one before filing, one before discharge. They cost, but must be available for no fee if you qualify. There is also quite a bit of documentation you need to provide to your attorney and getting copies might cost as well.
Be aware, also, that bankruptcy laws depend on total household income, not just your income, so if you live with someone who has a substantial income that may hinder your getting to file low or no cost. If you don't live with anyone, your attorney may want to know what you are doing to get by, as far as food, etc.

blind-as-a-bat_2

robortwillys wrote: »

Hi
Even if you find a low or no cost attorney, be aware that there are some charges that you will be reponsible for. The court filing fee for a Chapter 7 bankruptcy is $299 today. There is some talk that it will be raising in the next few months, but nothing official yet. You can also petition to court to pay this fee in installments, but in our experience, it's really not worth it.
You will also be required to take a two credit counseling classes, one before filing, one before discharge. They cost, but must be available for no fee if you qualify. There is also quite a bit of documentation you need to provide to your attorney and getting copies might cost as well.
Be aware, also, that bankruptcy laws depend on total household income, not just your income, so if you live with someone who has a substantial income that may hinder your getting to file low or no cost. If you don't live with anyone, your attorney may want to know what you are doing to get by, as far as food, etc.

One snag in all that, this board is for help with BR in the UK, which is a totaly differant system to the US;)