What Does it Cost to File?
Filing for bankruptcy can be costly and can significantly affect your credit, but it can also allow you to get a handle on your finances and provide you with a fresh start. Breaking down the cost of declaring bankruptcy allows you to better understand what is involved, and if you are interested in learning more about what bankruptcy could mean for you, an experienced South Carolina bankruptcy attorney can help.
Upfront Bankruptcy Costs
Bankruptcy can help you either discharge or restructure all or part of your debt and, in the process, can provide you with the financial breathing room you’re looking for. While the cost of filing varies according to the kind of bankruptcy you seek, there are several basic expenses to consider, including:
- You’ll need to complete credit counseling, which generally starts at about $10, but there are nonprofits out there that offer free credit counseling options.
- You’ll need to pay the court filing fees, which are $338 for Chapter 7 bankruptcy and $313 for Chapter 13 bankruptcy.
- In order to have the skilled legal guidance you need to protect your financial rights and obtain a favorable case resolution; you’ll need to pay legal fees. While the price can vary significantly from firm to firm, many offer flat bankruptcy rates that come with no surprises.
Your Legal Costs
If you’re facing bankruptcy, you need professional legal counsel in your corner, and the bottom line is that reputable bankruptcy attorneys recognize your financial hardship. In response, most offer a free initial consultation to help potential clients explore their options and better understand what bankruptcy would likely mean for them. Further, many offer flat bankruptcy fees and are willing to work out manageable payment plans that help mitigate any financial sting you may experience.
The Difference a Bankruptcy Attorney Can Make
The bankruptcy process – coupled with the financial stress you’re experiencing – can be overwhelming, but working closely with a dedicated bankruptcy attorney can help in all the following primary ways:
- Your attorney has the experience, legal insight, and skill to provide you with the assistance you need.
- Your attorney will help you explore the best debt relief options for you.
- Your attorney will prioritize your legal rights while fiercely advocating on behalf of your best interests throughout the legal process.
- Having trusted legal representation on your side can provide you with the peace of mind you’re looking for.
- When you work with a bankruptcy attorney, you significantly improve your chances of effecting a favorable financial resolution.
Make the Call to an Experienced South Carolina Bankruptcy Attorney Today
The cost of bankruptcy is important to consider, but it can be far outweighed by the financial benefits this legal tool affords. The focused South Carolina bankruptcy attorneys at Reed Law Firm have an impressive range of experience helping clients like you tackle their financial challenges and come out on the other side of bankruptcy with a fresh financial start. Learn more by contacting us online or calling us at (803) 726-4888 in Columbia, South Carolina, and at (843) 679-0077 in Florence, South Carolina, today.
