Most advantageous to file bankruptcy sooner or later?
Need around 2400 dollars for lawyer fees. Bankruptcy won’t even be "filed" until that’s paid. Current on credit cards but starting to fall behind and have medical bills. Will take around 6 months to come up with the money unless I can find a way to get it sooner.
I will stop making payments on credit cards now that I’ve decided to declare bankruptcy–which was a tough decision. Is it better to file bankruptcy ASAP, or later, or doesn’t it matter either way? Can the damage be lessened in terms of heartache, credit score, etc. depending when I file? Do I look better to the court as far as financial hardship, etc. if I file later since my credit cards will be totally behind by then and I’ll have more debt, etc? Lawyer seems to generally act indifferent to these things (only had initial meeting so far, signed papers that I am retaining them).
Any help on tnis or general bankruptcy advice is appreciated.
The only thing you could set yourself up for is to stall the credit card companies by telling them you have retained an attorney for bankruptcy, then they just hound you to death for a case#….It really depends on the credit card company. If they sue you and take you to court, which they can do when they feel like, it might be at the time you have the retainer paid in full, or before that. Hard telling what they’ll do. But, you want to make sure you don’t have a judgement filed against you and they get a garnishment on your wages, which they can do. If you file now, it’s just be a quicker process to get the debts discharged, if you wait, it’ll just be longer to get it done and start to re build on your credit history. You can review more bankrutpcy information at http://www.usbankrutpcy.gov This is their official website with excellent information on how each chapter works and will give you more information that any attorney can tell you. Good Luck!
July 26th, 2010 at 1:04 amI would review a website like http://diylegalinfo.com/bankruptcy_Links.html before making any descisions
July 26th, 2010 at 1:04 am