How to pay for bankruptcy when you’re broke in Georgia
If you’re struggling under the weight of your debts and wondering if it’s time to consider filing bankruptcy, you’ll probably also wondering how you’re going to pay for it.
“Going broke” (e.g. filing bankruptcy) costs money, and somehow you’ve got to pay the court filing fees, pre-filing counseling fees, and most importantly your attorney fees.
How much will it cost to file bankruptcy in Atlanta, Georgia?
Both the court filing fee and pre-filing counseling fee are non-negotiable, but fortunately affordable. The court charges $299 to file Chapter 7 bankruptcy and $274 to file Chapter 13 bankruptcy. The court allows you to pay these off in installments of around $100/month. Pre-filing counseling is also affordable–it costs $30.
How much your attorney fee will be is a function of the complexity of your case and your attorney’s experience.
Now, how to Get the money to pay me.
You and I will discuss a few strategies:
- Are you keeping your house? Your car? If not, then not having to make the monthly note payment will provide money to file.
- Are you ‘in the chute’ to file bankruptcy and is there good reason to not make the monthly minimums on your credit cards (DON’T do this without being my client–There are risks you must know about!)
- Is there a friend or family member who will give you the cash you need to file? You’d be surprised how many clients have their fees paid for by a loved one. (this can’t be a loan).
- Are you about to get your tax refund? During refund season, most people who file bankruptcy did so with their refund. It’s money well spent.
- Do you have an asset that you can sell at fair market value to an outsider to get your filing fee? This is very very tricky. (Please don’t sell your ’75 Cadillac, or your baseball card collection without me explaining to you how this transaction must be set up to avoid problems in court).
- Is there a retirement accounts that you can tap? Please don’t plan to use your retirement accounts to bankroll bankruptcy. But on the other hand, if you’ve already liquidated the account you and I will consider this as a strategy. This is often the last resort.
- Can you incur new credit card debt to pay your attorney? No. No you may not use credit cards to pay your attorney. Ask me about another Atlanta and Chicago based law firm who is currently being investigated and who will likely disgorge ALL attorney fees collected from credit cards since 2005.
Where there is a will there is a way. Where there is a calculator and a calendar, you’ll find me.
I’ve ‘shined the light’ for hundreds of Georgians who needed to figure out how to pay to go broke. Let me help you too.
Call me Attorney Shannon D. McDuffie for more information about getting (and paying for) your fresh start. (404) 418-8879.