Many people always find it difficult to make the decision on whether to file bankruptcy or not. The main cause of these hard times are the costs and fees associated with filing it. The good thing is that there are cheap bankruptcy lawyers available in the market that have enabled many people to live a stress free life through the legal representation.
The lawyers and attorneys vary in terms of the rates that they charge. This opens up many choices that one can opt to deal with. Seeking the services of lawyers is essential because they guide the clients on whether file bankruptcy is the best option for them or paying off the debt is the ultimate solution.
Various cheap bankruptcy lawyers to look out for
It is always advisable for one to call several lawyers trying to inquire about the rates that they charge. Others may opt to file bankruptcy on their own, but in most cases this ends up unsuccessful. Depending on the laws of a country, some of them do not allow the filing of bankruptcy on oneself. If one is in search of the cheap bankruptcy lawyers, then one has to undertake a search, especially on the fees and rates that they charge.
The MacLean Law Firm has gained fame due to its lawyers that have proved to have the required expertise, yet they charge low rates. At this firm, the rates start at $575 and this has proved to be affordable to many people. In addition, these lawyers have been known to offer the guarantee that the bankruptcy will be discharged. Moreover, if the case is not successful, the firm returns the money paid to them by the client. This procedure requires that the client needs to be sincere in all manner, such as providing the lawyers with all the required documents and disclosing all the relevant information needed.
Additional information on working with low cost bankruptcy options
Many people are in search of low cost bankruptcy options to avoid occurring high legal fees. There are two main options that have seen many through the hard times, but this is not a guarantee. They include one filing bankruptcy on his/her own or seeking the help of the document preparation company. Making use of a document preparation company has more disadvantages as opposed to filing bankruptcy on oneself. This is because these companies have not been legalized to give legal advice; they are going against the law.
Tips on getting the right bankruptcy lawyer
Besides too much consideration of the legal fees, there are other things that need to be considered. One has to identify if he/she is comfortable with his/her lawyer and if he/she finds it easy to relate. This is essential because it will make it easy for the client to disclose all the necessary information to the lawyer that will facilitate complete legal representation before the court. Moreover, the lawyer has to be easy to access either over the telephone or in person. This will make the whole procedure easy and fast.
It is a traumatizing situation for one to find himself/herself in a bankruptcy scenario. This is because one has to go through hard times to ensure that all his/her debts are cleared. Many have taken the step to file bankruptcy in order to get relief from the heavy burden of having to put up with the constant follow up from the debt collectors and creditors. However, many have had the question whether filing bankruptcy is the ultimate solution. The answer is “yes” because one will live a stress-free life. All in all, the main question that crops up along the way is the kind of life after bankruptcy that one has to live in.
This article will outline the life after bankruptcy while focusing on the pros and cons associated with being bankrupt or rather filing it.
What life after bankruptcy entails
The main reason as to why it is always advisable to file bankruptcy is that one is able to start at a point that is debt free. Depending on the type of bankruptcy filing that is dealing with, once it has been discharged, one has to take a step further towards succeeding in life. This is because one is accorded with a fresh start with no burdens of debts. There are certain things that one has to ensure that they are correctly enforced to avoid going back to the bankruptcy situation. One has to take into consideration the factors that could have been responsible for the downfall of an individual in the past. If being spendthrift was the cause of bankruptcy, one has to deal with this problem for a better future.
Most people rely on credits to purchase items and this has been one of their greatest downfalls. Once the bankruptcy has been discharged, one mostly has to rely on cash to make payments and this demands coming up with a budget.
Things to be done after discharge of the bankruptcy
Basically, one has to reorganize his/her funds and budgets to avoid the past scenario. It is also advisable to ensure that the bills are paid on time to avoid the burden of too many bills to deal with. Creating a budget can help in a great deal because it will prevent one from overspending that may eventually lead to purchasing items on credit. Besides the expenditures, the budget has to cover a small portion of the savings. The savings can be used under extreme situations, which is more preferred rather than borrowing to fund an item or project.
In addition, one can obtain a secured credit card and through it, one will find it easy to rebuild his/her credit. This works in a manner that with the card, one will make a certain amount of deposit in the bank. This amount will be used as a credit limit and with the monthly repayments, one will eventually rebuild his/her credit.
Conclusion on the life to adopt
The life after bankruptcy can prove to be challenging to adopt in terms of the duration that one has to stay before borrowing a loan. This is greatly influenced by the type of bankruptcy that one has chosen. If one observes the above factors, one will find it easier to progress in life with no more debts lying on the way.
Currently, it may seem difficult to file bankruptcy because many people fear the costs that they have to incur. This article will highlight the various ways through which bankruptcy filings can be done and the types that are available to choose from. It is time for one to live a debt free life and this is made possible through the bankruptcy laws established on the filings. It is also advisable to carry out a research to learn how other people undertook the bankruptcy filings. This will assist one in learning how most of the cases are handled and the eventual results.
Another reason as to why one has to make reference of the past cases is that one will realize the different reasons as to why people file bankruptcy.
Details on how to file bankruptcy
The fastest way to file bankruptcy is to seek the services of an attorney because he/she has the expertise in legal representation of a client. Moreover, the attorney always gives the decision on whether the person can go ahead to file bankruptcy or not. There are three chapters covered by the bankruptcy law and they are chapters 7, 11 and 13. Based on chapter 7, this is the solution for people that are experiencing high unsecured debts and personal loans. This chapter has enabled many people to live a stress free life without having to be followed everywhere by the debt collectors and creditors.
A bankruptcy lawyer will make it clear to a client the options that are available to him/her. Bankruptcy filings can be done easily without having to go through hard times. First, one is required to find out whether he/she is qualified for bankruptcy. This process can be done online whereby one will be required to fill in a questionnaire. This will give room for the attorney to interact with the client over the phone through answering more questions as asked. Depending on the satisfaction of the attorney, he/she will go ahead to file the bankruptcy.
Different types of bankruptcy filings
As stated earlier, the types of bankruptcy filings depend on the bankruptcy chapters as stipulated by the bankruptcy law. First is the chapter 7 that is known to cover both individuals and businesses. The main advantage with this filing is that it writes off all debts, but is has a negativity as well. In most cases, it causes homelessness and property loss for individuals and businesses respectively.
Chapter 11 is meant for the rich individuals, with a limit favoring the businesses. It is almost similar to chapter 13 in nature because it gives the businesses a second chance to reorganize their operations and clear the debts. Chapter 13 covers individuals with stable incomes and who can easily clear their debts.
Additional details of the filings
Chapter 9 is another type of filing that caters for municipalities. It is similar to chapters 11 and 13 as it allows the reorganization of the municipalities. Chapter 15 specializes in international jurisdiction, such as corporations that are multinational in nature.
Due to the economic situations that people face, these have forced many of them to find themselves bankrupt. The challenging thing comes when one does not know what is expected of her/him in filing his/her bankruptcy. Some people always find this scaring and they end up going through their extreme situations of running short of finances. This should no longer be a problem because there are affordable bankruptcy options available. It is advisable for a bankrupt person to file this in order to do away with the financial problems.
Many people opt to file bankruptcy on their own because this is the cheapest option, but at the same time there are challenges that come with this method. Many opt for this alternative because they do not have to put with the legal fees that entail paying the lawyers to file the bankruptcy.
How to access the affordable bankruptcy with ease
One of the forms of affordable bankruptcy is filing the case oneself. This means that one does not have to seek the services of a lawyer or attorney. Being in a bankrupt situation can be hard because of the dreaded lifestyle that one is forced to put up with. Why not make this a change once and for all? The ultimate solution is to file the case on your own. All in all, this can prove challenging because the person filing the case may not have the legal expertise required. This opens up the room for seeking the services of the attorneys and lawyers.
The good thing is that there are lawyers that are charge affordable legal fees and this will accommodate many clients. Attorneys will always give advice on the right type of bankruptcy to choose. This is where the services of the attorneys will be essential because they guide one of the right bankruptcy to go to. The right type reduces or prevents other expenses that may arise along the way, such as foreclosures, lawsuits, tax sales and much more.
Additional information on bankruptcy
There are many ways that can be used in filing the affordable bankruptcy. One of them is through the use of the standardized forms to file the case. Standardized forms are the easy way to deal with filing bankruptcy because they provide one with all the essentials that would otherwise be derived from the attorney. This automatically eliminates the legal fees of an attorney.
In addition, there are software applications that make this task as simple as possible. These applications are easy to use whereby one will be required to prepare the required documents. They can be bought from the office supply and software stores as well as on the website.
The Arizona affordable bankruptcy
This legal firm is known to provide its clients with legal representation at very low rates. In addition, it has gained fame over the years because it has dealt with many bankruptcy cases through the help of the Attorney Alexander D. Sanchez. This attorney has been up to the task and has represented his clients well, with best results assured at the end of it all due to his great expertise.