Currently, Americans are a staggering $15 Trillion in debt. If you are one of them, Cheap bankruptcy lawyers near me listing may be able to help you.
The average American debt among consumers is at $93 Thousand.
The number of consumers who are unable to pay off their debts, especially Credit Card Debt, now amounts to 850 billion and keeps growing every year.
Average debt in 2021 by type:
Credit card - $6,265
Personal loan - $18,634
Auto loan - $21,487
Student loan - $39,532
Medical - $44,622
HELOC - $46,184
Mortgage - $214,739
Medical debts are currently the number one cause of bankruptcy filings in the U.S., followed by credit card bills and unpaid mortgages.
If you find yourself struggling with medical bills that you are unable to pay, a bankruptcy lawyer can help. Most medical debts get discharged when filing for bankruptcy court protection because medical bills are non-priority, unsecured types of debt.
Over the last decade, Americans and people from many other countries have felt the weight of the global financial crisis.
If you are one of those people who needs to get your finances back in order and is debating weather you should file for bankruptcy, make an arrangement to meet with a lawyer to discuss all your options and determine the best debt strategy for you before filling. Also the initial meeting can get you to agree on all fees before and after filling.
Many attorneys will let you pay most of the fees after you file your case.
Also, good, cheap bankruptcy lawyers near me can:
File in a way that allows you the maximum time to pay all the mandatory bills.
Customize your filing to get the best result possible
Stop all the harassing phone calls from debt collectors
Prevent the foreclosure of your property
Help retain your vehicles
File petition for relief under the Bankruptcy Code.
Stop wage garnishment, stop lawsuits and unfreeze bank accounts
Bankruptcy is about a FRESH START. A Bankruptcy Attorney can help you start over and get back in control of your financial future.
Reasons a company or individual may file for bankruptcy court protection:
Declining revenue due to the slow economy
High labor costs
Rising Health Care spending
High income and real estate taxes
High medical bills
Lost of job or income
Other large unexpected expenses
Competent bankruptcy lawyers and law firms will:
Evaluate your assets, debts, creditors, and other financial issues.
Stop Lawsuits, Garnishments, Foreclosures, Repossessions, and Creditor Harassment.
Review your bankruptcy petition for accuracy.
Determine whether Chapter 7 or Chapter 13 is more appropriate in your case.
Provide you with a unique solution for your financial situation.
File your bankruptcy petition at the right time.
Attend court hearings with you.
Help you keep your wages, home, car, and other property.
Help restore your peace of mind and show you the road to a fresh new life.
Understanding the new bankruptcy laws is crucial for a smooth bankruptcy filling and to avoid the risk of having your case dismissed by the court.
Cheap bankruptcy lawyers near me specialize in ending:
Credit Card Debt
Creditor Harassment Phone Calls
Judgments, Liens and Lawsuits
Judgments, Liens and Lawsuits
New Bankruptcy Law
In October of 2005, the United States bankruptcy laws changed. It is now much more difficult to file on your own without the help of a bankruptcy lawyer. The United States Bankruptcy Code and skillful bankruptcy lawyers are the only things your debtors and credit card companies fear. Do not risk your future by filing incorrectly, the consequences of a failed bankruptcy can be disastrous.
If you or someone you know is facing serious financial challenges, it is very important to seek the counsel of an experienced bankruptcy attorney. They can help who is financially ruined and in debt to protect their assets and assist in the organization of a
Chapter 7 Bankruptcy. or Chapter 13 Bankruptcy. bankruptcy case.
Once considered a last resort by a person who is unable to pay his or her debts in full, bankruptcy has evolved into an accepted method of resolving serious financial problems.
"You should not feel any shame for considering taking advantage of the bankruptcy laws. In today's economy, many people from all walks of life are in the same economic situation."
“Money does not solve money problems.” - Dr. Phil McGraw (Author and Host of the Dr. Phil Show on NBC television.)
Here are some reasons for a person to seek the help of a cheap, low-cost bankruptcy attorney and the meaning them.
Meaning: Individuals facing severe financial distress may seek the help of a cheap, low-cost bankruptcy attorney when they cannot afford the fees of a more expensive legal professional. This emphasizes the need for accessible legal support during challenging economic times.
Simple Bankruptcy Cases:
Meaning: For straightforward bankruptcy cases, where the financial situation and assets are relatively uncomplicated, opting for a low-cost attorney can be a practical choice. This ensures that individuals receive the necessary legal guidance without incurring unnecessary expenses for complex services they may not require.
Limited Assets and Debts:
Meaning: When a person has a limited number of assets and debts, a cheap bankruptcy attorney can help navigate the process efficiently. This emphasizes the idea that not all bankruptcy cases are equally complex, and a cost-effective attorney can provide appropriate assistance for situations with fewer complexities.
Uncomplicated Legal Procedures:
Meaning: Some bankruptcy cases involve straightforward legal procedures, and individuals may not need extensive legal expertise. Seeking a low-cost bankruptcy attorney is suitable for situations where the legal process is relatively uncomplicated, allowing for affordable yet effective representation.
Navigating Procedural Requirements:
Meaning: The procedural requirements of bankruptcy cases can be challenging to navigate without legal assistance. Opting for a low-cost bankruptcy attorney ensures that individuals receive guidance in meeting these requirements, helping them successfully navigate the legal process without incurring significant expenses.
Here are some FAQs about getting a good legal assistance when using a low-cost, cheap bankruptcy lawyer or law firm.
What services are included in the low-cost bankruptcy attorney's fee?
Individuals may have concerns about the scope of services covered by a low-cost bankruptcy attorney. This question addresses the specifics of what is included in the legal fee to ensure transparency and avoid any misunderstandings.
Are there any additional or hidden fees associated with the low-cost legal assistance?
Users may be worried about undisclosed fees that could potentially increase the overall cost of legal assistance. This question seeks to provide clarity on whether there are any additional charges beyond the initially quoted fee for the bankruptcy services.
How does the quality of service compare to more expensive bankruptcy attorneys?
Individuals may wonder about the quality of legal assistance they can expect from a low-cost bankruptcy attorney in comparison to more expensive options. This question addresses the perceived trade-off between cost and the quality of legal representation.
What level of experience and expertise can I expect from a low-cost bankruptcy lawyer?
This question aims to provide insight into the professional background and experience of the low-cost bankruptcy attorney. Users may seek reassurance about the competence and expertise of the lawyer despite the lower cost.
Can the low-cost bankruptcy attorney handle complex financial situations and legal issues?
Individuals with more complex financial situations may have concerns about whether a low-cost attorney can effectively handle their case. This question addresses the attorney's capacity to handle intricacies and complexities in bankruptcy filings.
What is the communication process with a low-cost bankruptcy attorney?
Users may have concerns about the accessibility and communication process with a low-cost attorney. This question seeks to clarify how clients can reach their attorney, the expected response times, and the level of communication throughout the bankruptcy process.
DISCLAIMER: The law will vary depending on your state, jurisdiction and the specifics of your case. The information provided by lawhood.com is intended for educational purposes only. The content on this site should NOT be considered professional legal advice or a substitute for professional legal advice. For such services, we recommend getting a free initial consultation by a licensed Attorney in your state.