How do people who are financially distressed pay for bankruptcy? 11 Answers as of December 29, 2010

How do people who are financially distressed pay for bankruptcy?

Ask a Local Attorney. 100% Anonymous. Free Answers.

Free Case Evaluation by a Local Lawyer: Click here
Mankus & Marchan, LTD
Mankus & Marchan, LTD | Tony Mankus
A financially distressed person may file for bankruptcy relief pro se, or without an attorney. This is not recommended, however, because the bankruptcy laws and procedures are complex. The person could seek help from family or friends, although there is no absolute. Also some Bar Associations may offer the assistence of an attorney pro bono, or free of charge.
Answer Applies to: Illinois
Replied: 12/29/2010
DiTocco Law Group, PLLC
DiTocco Law Group, PLLC | Tony DiTocco
Most attorneys will accept a payment plan, and will file upon completion of the payments. If someone is truly destitute they should call their local legal aid society to inquire about pro bono (free) services.
Answer Applies to: Florida
Replied: 12/29/2010
George Hoselton Bankruptcy Attorney
George Hoselton Bankruptcy Attorney | George Hoselton
Most often friends or family offer financial support to those filing bankruptcy.
Answer Applies to: Oregon
Replied: 12/22/2010
William C. Gosnell, Attorney at Law
William C. Gosnell, Attorney at Law | William C. Gosnell
They borrow the money from family or friends so they can get some relief. They once the bills are off of them they can repay the family or friends.

People cannot go pro se because they can't get through the technicalities.
Answer Applies to: Tennessee
Replied: 12/22/2010
Janet A. Lawson Bankruptcy Attorney
Janet A. Lawson Bankruptcy Attorney | Janet Lawson
Friends, family, not paying credit card debt can free up some money.
Answer Applies to: California
Replied: 12/22/2010
    The Law Office of Mark J. Markus
    The Law Office of Mark J. Markus | Mark Markus
    They either file without an attorney, or save up the money and then file. This is a common and significant problem since many people fail to plan for the costs of a bankruptcy case, and simply let all their money dwindle away before they seek counsel. This can be a huge mistake.
    Answer Applies to: California
    Replied: 12/21/2010
    DiManna Law Office, LLC.
    DiManna Law Office, LLC. | Dawn DiManna
    Are you referring to an attorney the filing fee? Most people do this by not paying their unsecured creditors and this will provide the money over a few months for the fees or filing fees.
    Answer Applies to: New Hampshire
    Replied: 12/21/2010
    Diefer Law Group, P.C.
    Diefer Law Group, P.C. | Abel Fernandez
    You can apply for a fee waiver but most of the times that request is denied. All people filing for bankruptcy are financially distressed.
    Answer Applies to: California
    Replied: 12/21/2010
    Carballo Law Offices
    Carballo Law Offices | Tony E. Carballo
    A Chapter 7 case is not that expensive for most people and since people when they get ready to file bankruptcy are usually not paying their debts they can put the money together somehow although they might have to wait until they can get all the money together. It takes longer for some people, sometimes months! There are degrees of financial distress so it depends on the situation. Most people find a way to get the money. Some people rely on friends and family members for help. Some people sell something like an extra car they don't need or borrow from a 401k. Some people skip a house payment or a car payment to get the bankruptcy case filed. There are many ways to get the money to have a fresh financial start without debt. Peace of mind is worth a lot for those who are constantly harassed by bill collectors, being sued, or having their wages garnished. There are people who have no choice but to handle the case themselves without a lawyer and also ask the court to waive the filing fee. If a person is so destitute that he or she cannot get the money then maybe that person doesn't need to worry about his/her debts until the situation improves since he or she is obviously judgment proof. That person should worry about buying food and paying the rent first.
    Answer Applies to: California
    Replied: 12/21/2010
    Diana K. Zilko, Attorney at Law
    Diana K. Zilko, Attorney at Law | Diana K. Zilko
    Most of my clients who can qualify for a Chapter 7 no longer pay credit cards and other debts that will be discharged in the bankruptcy. That frees up some cash to pay attorney and filing fees. Otherwise, usually family or friends help them out. If you have any further questions, please let me know.
    Answer Applies to: California
    Replied: 12/21/2010
    Law Offices of Lady Justice
    Law Offices of Lady Justice | Mona Patel
    This is a question we get very often. You are obviously going through a bankruptcy because you do not have money. We offer flexible payment plans as low as $50 a month.
    Answer Applies to: California
    Replied: 12/21/2010
Click to View More Answers: