The decision to declare bankruptcy is never an easy one. Not only are you facing a potentially major financial setback, but the process of bankruptcy itself can be complicated and stressful. This is especially true when you aren’t sure how you’ll pay a bankruptcy attorney.
Fortunately, if you decide to file, you don’t have to go through it alone. A bankruptcy attorney can guide you through the process and help ensure that your rights are protected. How do you pay for such services?
There are a few different ways to pay for bankruptcy attorney fees.
The most common is to set up a payment plan with the attorney’s office. This typically involves making a down payment upfront and then making regular payments over the course of several months. You may also be able to negotiate a reduced fee in exchange for paying the entire amount upfront.
It might also be possible to request a payment plan with your attorney. This way you’d be able to pay your fees stretched out over time.
Another option is to ask the court to approve the payment of your attorney’s fees from your bankruptcy estate. This means that your creditors would have to wait longer to receive any money from your estate, but it could be worth it if you need assistance in declaring bankruptcy. This isn’t always an option, but if you’re unsure how you’ll meet your obligations regarding your legal fees, it might be worth a try.
Hiring a bankruptcy attorney is an important step in protecting your rights during the bankruptcy process. While the fees may seem daunting at first, there are several payment options available that can make it more affordable. If you’re considering declaring bankruptcy, be sure to speak with an attorney to discuss all of your options.
