LegalHelpers.com Bankruptcy Blog
Perspectives From The Nation's Largest Consumer Law Firm


About Chapter 7 Bankruptcy Filing Fees

Tuesday, 10 November 2009 21:54

Although a Chapter 7 bankruptcy is one of the most effective ways to protect yourself from massive debt, the process is not free. There are certain filing costs and fees that you should be aware of before you file.  If you choose to be represented by an attorney, (a good choice given the complexity and nature of bankruptcy), there will be attorney fees and costs.  But, even if you choose not to use an attorney you would likely still have to pay a court filing fee to file a case.

There is a $245 filing fee for a chapter 7 bankruptcy, a $15 trustee surcharge and a $39 administrative fee. This brings the total for filing a chapter 7 to $299.

Under normal circumstances these fees must be paid upfront to the clerk of the court. Sometimes though, special circumstances will permit you to pay this amount in smaller installments. This exception is limited to 4 installments and the final installment must be paid in less than 120 days.  In the case of a joint filing, only one filing fee and one administrative fee need to be paid.

If your finances are out of control, filing a chapter 7 bankruptcy may be your best option for recovery. You can speak with a skilled and experienced bankruptcy attorney right now for a free evaluation of your case. Call 800-260-1402 to start getting your life back on track.    

Is Filing Bankruptcy a Last Resort?

Monday, 09 November 2009 16:36

Many families are facing unemployment or foreclosure issues, and thus their financial situations are less than ideal. CNNMoney.com estimates that consumer debt has spiked over the $2.5 trillion mark. So it makes sense that the number of bankruptcy filings has also risen considerably over the last several months.

Many people view filing for bankruptcy as a last ditch effort to recover from an extreme financial difficulty. While the bankruptcy filing process does have somewhat of a negative connotation, it is in most cases a means of starting over with a clean slate. It shouldn’t really be the last option one considers when dealing with debt, and it’s an unfortunate truth that most people often wait until they are being consumed by their debt to speak with someone who can really help them with their financial troubles.

The attorneys of Macey & Aleman are skilled and experienced with bankruptcy law, and can help you determine if filing for bankruptcy is the best course of action for your specific situation. Call 800-260-1402 for a free personal bankruptcy evaluation today.   

Bankruptcy Fears Add to Cancer Patients’ Woes

Monday, 09 November 2009 16:32

"Americans are one injury or illness away from bankruptcy," stated President Barack Obama in his healthcare plan talk to the nation last week (October 2009). The President added, "The crushing cost of healthcare causes a bankruptcy in America every 30 seconds."

 

Cancer is actually reported to be the #1 cause of all bankruptcy filings in the U.S.  Every three minutes someone in the nation is diagnosed with breast cancer. This is certainly a staggering statistic even without the adverse financial implications. With the addition of the ominous cloud of personal bankruptcy adding to an already untenable situation, the climate becomes one of abject despair.

 

As part of the American Bar Association’s Pro Bono Celebration Week (October 24-31), one southeast Michigan bankruptcy law firm is set to announce that they will represent, for no fee, a local family touched by breast cancer who is also experiencing financial crisis.

The week-long event was implemented to “encourage lawyers across the country to honor those in the legal profession who provide free legal help to improve the lives of the needy.” (Information Reuters.com)  October also being national Breast Cancer Awareness Month further highlighted the plight of breast cancer patients and their families who are facing unprecedented debt. In addition to assisting families in need, the event will increase awareness of the importance of contracting an attorney when filing for Chapter 7 or Chapter 13 bankruptcy.

If you are facing mounting medical bills, a consultation with an experienced bankruptcy lawyer from www.legalhelpers.com will give you the information necessary for you to get out of debt. To set up an appointment with a knowledgeable and compassionate bankruptcy attorney, please call Legal Helpers at 800-260-1402.

Commercial bankruptcy Filings up 7% This Month

Thursday, 05 November 2009 15:58

The wall street journal reports that business bankruptcies are up 7% from last months statistics. This is more troubling because those statistics have been steadily dropping for the last several months, as the economy is thought to have been on the upswing.

A stunning total of 7,771 businesses made bankruptcy filings this past October. While this means the economy may still not be at its best, it does further emphasize the benefits of achieving bankruptcy protection.

Similarly, personal bankruptcies are still higher than they’re been in the past several years, which means individuals are still suffering from the effects of a drooping economy.

Have your debts gotten out of control? Do you need some relief and a chance at a fresh financial beginning? The attorneys of Macey & Aleman have the solution to your troubles. Call 800-260-1402 for a free bankruptcy filing evaluation today.   

 

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ABOUT THIS BLOG:

Richard K. Gustafson, II is an attorney with LegalHelpers.com writing on topics related to bankruptcy from the consumer's perspective. To send comments to Rick, email Blog@LegalHelpers.com.


The Bankruptcy Blog from LegalHelpers.com is produced from the law firm of Macey & Aleman, one of the nation's largest bankruptcy firms. A blog does not create an attorney-client relationship and is not a substitute for specific legal advice from an attorney analyzing your specific set of facts. If you are interested in obtaining information about bankruptcy, you are encouraged to call our law firm at 888-743-5787 or complete our online evaluation for a confidential, risk-free analysis!

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