Can I Afford a Bankruptcy Attorney in New York City?
Yes, in fact there are many ways for consumers in New York City to pay for the legal assistance they need in order to successfully file bankruptcy. The consequences of not hiring an attorney to help you file, or ignoring bankruptcy altogether because you think you can’t afford it are usually much worse. The public perception that bankruptcy assistance is out of reach for a normal consumer is simply untrue. Even the most financially distressed consumers can afford a bankruptcy attorney in New York City.
Your bankruptcy attorney can help you find a creative way to pay for your bankruptcy. If you are considering filing for bankruptcy protection you will need to start thinking differently about your debts and your creditors. The steep monthly minimum payments that you may have been paying towards your credit cards for example will stop. The payments towards credit card bills that have been bleeding you dry could instead be going towards the legal help you need. In other words, let your creditors pay for your bankruptcy attorney.
Bankruptcy cases and their costs vary widely depending on the type of case and the debtor’s particular needs. Some “straight” Chapter 7 cases in New York City can be started for as little as $499. Even the more complex cases are still very affordable compared to the vast amounts of toxic debt that can be eliminated through the process. Most bankruptcy attorneys will also be willing to arrange some type of payment plan for your attorney fees so you may get moving with the process as soon as possible. If your financial problems require the filing of a Chapter 13 you will likely be able to pay all or the vast majority of your legal fees through your “wage earners” repayment plan. In a Chapter 13 plan your debts are reorganized and you will be making monthly payments to the bankruptcy trustee. Your bankruptcy attorney can be repaid through these payments. Chapter 13 is often the best choice for debtors that have some income, but still need to pay for their bankruptcy later.
Worrying about how you are going to get out of debt is hard enough. Figuring out how to pay for a bankruptcy attorney shouldn’t add to the stress. You can find the relief from the bad debt you have and be on your way to a fresh start today. If you are considering bankruptcy in New York City, but are concerned with how to afford it contact the Law offices of William Waldner online or at 212.244.2882 for a free consultation. Bankruptcy is designed to give you a fresh start. It is not designed to put you into more financial trouble. As of 10/7/2015 we have a 99% Chapter 7 Bankruptcy discharge record in New York City.
**** DISCLAIMER: This article is intended for educational purposes only. By reading no attorney-client relationship has been created. Prior results do not guarantee a similar result for future clients. We are a debt relief agency. We help people file for Bankrutpcy. This is attorney advertising.