There are several parts to the price of a bankruptcy: 1) Attorney's Fees, 2) Filing Fees, 3) Bankruptcy Courses, and 4) maybe a Credit Report. The biggest issue with filing a case is someone coming up with the filing fee ($335 for Chapter 7 and $310 for Chapter 13). We can filing an motion on your behalf to pay the filing fee in installment. This can give you up to 4 months to pay the filing fee. No attorney's fees can be paid before your filing fee, so any money paid to the attorney will be used the pay the filing fee.
Chapter 7 | Zero Money Down: When you need to file a Chapter 7 bankruptcy quickly but you do not have the money, we can help. We can accomplish this by filing an motion to pay the Chapter 7 filing fee in installments and filing an emergency petition. This will stop the creditors from calling and we have 14 days to gather all the necessary information and file a complete bankruptcy petition. This works because we break our services into two parts, the emergency filing which we do not charge for, and the post-emergency filing, which we offer payment plans to help with the cost. In order to do this, you need to qualify for a payment plan or have someone provide a guarantee for your payment plan. The payments are normally between $40 and $75 a week.
Chapter 13 | Zero Money Down: If you are behind on assets you want to keep or are above median income, you may have to file a Chapter 13 bankruptcy. We can file a motion to pay your Chapter 13 filing fee in installments and filing your Chapter 13 petition. You will have four months to pay your filing fee the Court. The attorneys fee for a Chapter 13 case is typically paid by the trustee, so you make your Chapter 13 payment and from that payment the Chapter 13 Trustee pays the attorney's fee.
If you are curious about whether you should choose Chapter 7 bankruptcy or Chapter 13 bankruptcy, you can read about the differences here.
The kind of bankruptcy you need depends on the type and amount of assets you own and whether you have any debts related to property you want to keep, such as mortgages or car notes. To determine what type of bankruptcy is right for you, give us a call (501.891.6000) to schedule your free bankruptcy consultation.