Freedom Debt Management

Overwhelmed by Debt? Stressed by all the bills piling up? Do something about it. Take Control! The Ultimate Debt Guide has the tips and tricks needed to take control of your debt - so your debt stops controlling you. Click here for more info.

Can I File For Bankruptcy Self Help?

Though technically you can enter into bankruptcy on your own, I DO NOT recommend it.  It will be well worth the time and stress in hiring a specialized bankruptcy attorney to help you through the process.

To file Chapter 7, which is a full liquidation (if you qualify), attorney fees can run around $1700 and up, depending on the complexity of your case.

To file Chapter 13, which is a wage earners plan, basically a reorganization of debt with a repayment plan of 3-5 years, attorney fees can start at $3000 and up.  It is more expensive to file for Chapter 13 because your case is open for 3-5 years through the repayment plan, which requires attorney involvement throughout the process.

Filing for bankruptcy is not an easy decision, but you may be faced with it.  And if so, I encourage you to find 2 - 3 of specialized bankruptcy attorneys in your area that offer a free initial consultation for you to meet them and ask questions, and find out what all your options are.

photo credit: laura padgett

Similar Freedom Debt Management News:

1. Top Freedom Debt Management Info in Jun We have added a lot of new resources to...
2. Debt Settlement Letter Here is a sampling of a few different debt...
3. Consumer Debt Negotiation Like many people in today’s economic environment, you may...
4. IRS Tax Problems Do you have IRS tax problems?  With today’s economic...
5. Top Freedom Debt Management Info in Apr We have added a lot of new resources to...