Who Pays The Bills When You File For Bankruptcy?

When you make the decision to file for bankruptcy, you will have the opportunity to make a fresh start financially. However, filing for bankruptcy is not free, and thus has many costs associated with it along the way. If you’re wondering who pays the bills when you file for bankruptcy and how a Brooklyn bankruptcy lawyer can assist you during the process, here are some answers to your questions.

In most cases, the bills associated with filing bankruptcy will include attorney costs, court fees, filing fees, and the cost of taking the debtor education course. Since these costs can vary, always turn to experienced Brighton Beach bankruptcy lawyers for assistance.

If possible, you should file for Chapter 7 bankruptcy, since it is less complicated and far less expensive that filing Chapter 13 bankruptcy. If you file Chapter 7, expect to pay your attorney costs, court filing fees, and educational costs in full before your case is completed.

On the other hand, if you need to pursue Chapter 13 bankruptcy, expect the costs to be more, since these cases are more complex, require more time to work through the courts, and involve extensive repayment plans that must be submitted to and approved by the court. In general, these cases center on repayment plans that have all debts repaid within five years.

To find the money needed to pay for your bankruptcy case, most people use a variety of options. While some will save up the money needed for their costs, others turn to family and friends. In almost all cases, it will be fine to stop paying unsecured debts that will be wiped out anyway, such as credit cards, medical bills, and personal loans.

By relying on the advice of trusted Brighton Beach bankruptcy attorneys at the Ursulova Law Offices, your bankruptcy case should proceed in a smooth and fair manner.