Texas Bankruptcy Attorney
Bankruptcy allows you to get rid of your debts or repay them under court protection. People file for bankruptcy because they can no longer pay off any outstanding balances they have with creditors. Such people are often in deep financial trouble and may not be in a position to hire expensive lawyers.
Fortunately, there are attorneys that can help you file for bankruptcy depending on your individual situation at an affordable cost. Bankruptcy is a powerful tool that can tame creditors and eliminate debt. You can either file a Chapter 7 or Chapter 13 bankruptcy to get your debts under control.
How Much It Costs To File Bankruptcy In Texas
You can file a Chapter 7 bankruptcy case for around $1,010, which is the flat fee plus the court filing fee. Generally the flat fee is approximately $700 while the court filing fee is closer to $306 and there is also the credit counseling fee which ranges from anywhere from $35 to $50. Your attorney fees for a bankruptcy problem should not be too high that it adds to the debt problem that you are trying to resolve.
Some law firms are able to offer excellent services while keeping their costs down for three reasons. First, such law firms have experience representing thousands of clients in Texas. The experience has made it easier for them to spot the problems you face in your case quickly, and present you with options that help resolve your particular case. Secondly, these firms use technology like electronic filing systems and the internet in their operations.
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The top notch software in their electronic filing systems together with access to the internet helps shorten the time it takes to prepare a bankruptcy case. It used to take days to prepare a case but it only takes hours now. Another reason why such firms charge affordable fees is that they are committed to their clients.
In other words, they take satisfaction if helping their clients get results that will have a lasting impact on their lives. You should avoid law firms that charge hidden fees or add other costs that they may not have mentioned from the outset.
Affordable Bankruptcy Lawyers
Filing a Chapter 13 bankruptcy can be more costly because the process involved is more complex and time consuming. Your attorney may charge you an amount ranging from $3000 to $4500 depending on the complexity of your case, and whether it is a consumer or business case. The Bankruptcy court filing fee for a Chapter 13 is slightly higher than that of a Chapter 7.
You cannot file for a Chapter 7 if your current monthly income for the last six months before you file is more than the median income for the household of your size. A Chapter 7 allows you to eliminate both personal and business debts and protects your business and personal assets through exemptions.
A Chapter 13 bankruptcy is available for sole proprietors and individuals. Under this bankruptcy you get to pay all or a portion of your debts through a court approved repayment plan. You also get to keep all your assets.
