Minnesota Bankruptcy Attorney
How much will it cost to file for bankruptcy?
If you are considering filing for bankruptcy then there are a few costs you need to be aware of. These costs include court fees, lawyer fees and additional fees involved in filing for bankruptcy or seeking debt relief. Our offices provide you with a free initial consultation, during which we will look over your finances to decide what your best option is. Our fees after the initial meeting depend on the process. To keep fees to a minimum it is best to be prepared. This means:
- have your financial records ready
- make a spreadsheet of your monthly income and expenses so we can easily analyze your situation
- have a list ready of the names and phone numbers of creditors
- research the different bankruptcy and debt relief options before attending the meeting so you have an idea of your choices
Our fees will differ depending on the different services. Filing for Chapter 7 and Chapter 13 bankruptcy tends to be more expensive as we must attend a court hearing with you. Debt modification services tend to be less expensive because, in most instances, we can settle your debts outside the courts. The costs will depend on a number of factors including:
- What service you are looking for - bankruptcy, stop foreclosure, loan modification, etc.
- Situation with the creditor harassment and wage garnishment
- The amount of debt you are in
- The relationship you have with your lending companies, creditors, etc.
- How many times we meet to discuss your options
Bankruptcy Lawyer in Minnesota
Filing for bankruptcy may seem like a Catch 22 - you need to pay to go broke. It is important to remember that, in exchange for the attorney fees and court fees; you will be absolving your debts and starting fresh. You will not have to give in to constant financial worry, stress and fear that comes with looming debt. You will not have to accept creditor harassment and wage garnishment. In most cases you will be able to keep your assets such as your home and car and walk away from the non secure debts that have been dragging you down. In other instances you will be able to consolidate your debt into one easy stress-free payment. For the first time in a long time, you will feel financially free.
Get the help you need at an affordable price from an attorney who cares about your future. We offer a free consultation for your convenience.
Contact a Minnesota bankruptcy lawyer to discuss your options for resolving your debt.