Bankruptcy Attorney Fee Payment Plan.

Saturday , 5, October 2013 Comments Off on Bankruptcy Attorney Fee Payment Plan.

Bankruptcy Lawyer Wall NJ.

How can I pay my Bankruptcy Attorney?

Here a question that is probably on your mind, “If I’m going bankrupt, how can I afford to pay an attorney?”  Here is an answer you will be happy to hear: Here at Riviere Cresci & Singer LLC we flexible and easy payment Bankruptcy Attorney Fee Payment Plans.  We will set up a plan that allows you to pay what you can afford, over a period of time which is convenient for you.  Still wondering how you will make any kind of payment plan? Keep in mind, once you have made the decision to file bankruptcy, you may be able to stop making payments on most of your unsecured debt like credit cards, medical bills, personal loans, etc. Eliminating these payments from your budget will free up some of your income, which can then be used to help pay for your bankruptcy fees.

When filing a Chapter 7, the Bankruptcy Code requires that your attorney fees be paid in full before your bankruptcy petition is filed, otherwise the lawyers’ fees are discharged along with the rest of your dischargeable debt. This is set up this way to ensure that you truly have a fresh start and the your attorneys don’t take money out of the bankruptcy estate to the detriment of the creditors.

When filing a Chapter 13, the courts will allow the attorneys to collect only a portion of the fees and have the remainder of the attorneys fees paid in the Chapter 13 bankruptcy plan. This makes it financially easier to get your Chapter 13filed and pay the attorneys over a 3 to 5 year period.

Everyone’s financial circumstances are different and you may be facing deadlines. You may be facing circumstances that prevent you from taking your time to pay (and file). You may have a pending foreclosure, repossession, and/or judgment/writ of execution. These types of creditor actions make timing an issue. With such a timing issue you may have no choice but to get your bankruptcy filed before a specific deadline, and in that case, you will have to pay in full when filing a Chapter 7, in order to get your bankruptcy filed so it protects you and your assets. Otherwise a Chapter 13, can still be paid a reduced and paid through a plan.

The New Jersey personal bankruptcy attorneys at Riviere Cresci & Singer LLC can answer any questions you may have concerning filing Bankruptcy, or any general bankruptcy questions. If you live in New Jersey, including Lakewood, Howell, Marlboro, and East Windsor, call us for a free consultation to find out how we can help you.