What's the difference between hiring a lawyer at $2,000 or paying a paralegal $200 to file bankruptcy?
Does anyone one know the pros and cons to either? Thanks
Posts Tagged ‘pros and cons’
Personal Bankruptcy Filing: Pros and Cons of Hiring a Lawyer?
My husband and I disagree over whether or not to hire a lawyer to help us negotiate the steps of filing for bankruptcy. What are the pros and cons of hiring a lawyer and what are the pros and cons of a "do it yourself" filing?
Do I have enough debt to file bankruptcy?
I DON’T want to file bankruptcy but if it’s the best thing to do in our situation, then I will. I know it’s financial ruin but so is losing our house, which is what it’s about to come to. We are really far behind on our house because my husband’s job made us move to a different city and we had to pay for it…and still pay for our home too. We are caught up on our vehicles but we do have credit card debt, about ,000. Our house is already in foreclosure status and we don’t have the money to pay all of what we owe in one lump sum which is what the are requiring to pull it out of forclosure. We owe about ,500 on the house. If you have gone through bankruptcy, what are the pros and cons from your experience. Maybe some of you know of a debt consolidation company that is trustworthy. I know they all make money but I also know that some of these companies just take advantage of people when they are vulnerable and just need help. I only have 2 options here, forclosure or bankruptcy. Both will hurt our credit.
Is filing bankruptcy worth it in the long run?
Would it be more beneficial to file for bankruptcy if you’re in over your head and owe a good chunk of change or stick it out and in time and years get things paid off little by little. Which looks better when applying for life items such as Cars, houses, etc.
And in the long run, which will a company trying to finance you see as the better option?
I guess I’m looking for pros and cons for both options.
Thanks!
Thanks, yeah still in the early 20’s.
what to expect when spouse files bankruptcy in WV?
We sold our home and relocated for spouse to start new business. All income and assets wiped out from business venture which is 4 yrs old. We both have credit card debt from the business but I am not filing. Can heirloom furniture I own be taken as an asset to satisfy creditors? Other than my spouse not having credit what are the pros and cons to filing bankruptcy.
Filing for Bankruptcy smart or not?
We thought we would be ok then my husband lost his job and we’ve been jobless for a year. We have 2 car loans and credit card debt. Should we file for bankruptcy? What are the pros and cons of filing for it. What happens when we do file. I don’t understand bankruptcy and am trying to, so i can figure out if this is the right option for us.
Practicalities of bankruptcy in NH?
A chapter 13 bk is likely in my future. I’m looking for some real world pros and cons about this scenario:
I’m in chap 13 and making my payments, and I see a 00 auto repair coming at me. Would the trustee let me slide on 00 worth of payments to take care of the critical auto need ? IE, how do judges handle unanticipated expenses that happen while you’re in chapter 13 ?
The other alternative that I see is – stop paying my mortgage and bank those funds. Hire the bk attorney, get it all ready to file, then sit on it. Keep ignoring the mortgage and accumulate some cash until the foreclosure sale is imminent, THEN have my attorney file the chapter 13 to stop the foreclosure and add the mortgage arrears into the payment plan. This gives me a cash cushion to handle the surprise expenses.
Comments please ?
How does it work when you file for bankruptcy?
I know the laws have changed in the past year or so. What are the pros and cons? If we currently have an auto loan, would we have to surrender the vehicle?
Filed Bankruptcy or pulled yourself out of debt?
I’m considering filing for chapter 7. Long story short, I went back to school, have damn near lost everything and gained K in student loans, K in credit card debt and a K mortgage and I can barely keep my head above water. There are other factors too, but I’m trying to get myself back on track financially before getting married (my boyfriend and I have been together for almost six years). I’m 33, not some young pup, I know all the pros and cons, but since hindsight is 20/20, please tell me how it worked out for you. Whatever path you chose, are you glad you did it? Would you do it again? What suggestions do you have?
I’m scared and not sure which direction to move in. Any insight would be helpful. And remember the cardinal rule: if you can’t say anything nice, please don’t say anything at all. I don’t want someone to give me a false picture, but I also don’t need someone else telling me how terrible I am. I have creditors who call me every day to tell me that.
I did get a degree, but I’m a teacher, so my income is pretty fixed (as far as not being able to ask for a raise, negotiate, etc.), and with my own children in school I can’t move into a district that pays more at this time.
true that you can file bankruptcy yourself? no lawyer?
i’ve heard from a few people that you are able to file bankruptcy by yourself, not using a lawyer. is this true? what are some of the pros and cons? how hard would it be?