When Do You Need A Bankruptcy Attorney?

If you are facing financial uncertainty,  you may need a bankruptcy attorney texas. There are a few signs that might need to seek out a bankruptcy attorney.

For example, if you went to the hospital and had a massive debt that you are unable to pay and the hospital has done everything they can to work with you to lower the bill or to set up a payment plan that you can afford.bankrup

If you have mounting bills and are unable to work because you were in a car accident, it is not guaranteed that you will be able to work again soon.

If your creditors are bugging you non-stop and you are unable to even begin paying your debt off, then it is time to contact a bankruptcy attorney.


Does contacting a Bankruptcy Attorney mean I will Be Filing For Bankruptcy?

Many states have what is called a means test. This test will help to determine if you are legally allowed to file for bankruptcy. If you do not qualify for bankruptcy, then most bankruptcy attorneys will communicate with your creditors and work out a payment plan that you can afford.

Even if you file for bankruptcy, it doesn’t guarantee that the judge will allow it to go through. Some people try to file for bankruptcy without an attorney. Their success rates are much lower than those who file with an attorney.


How much does a Bankruptcy Attorney Cost?

Many people who are looking into bankruptcy fear how much hiring an attorney is going to cost. Most bankruptcy attorneys are more than willing to work with you regarding the cost of bankruptcy. Many of them, if not all of them will allow you to set up payment plans so you will be able to pay them off without worrying about the extra money that you had to pay them. That stated, the average cost of a bankruptcy attorney in mid-America is in the ballpark of $1500.


How Long Does A Bankruptcy Take?

On average, bankruptcy is going to take a couple of months to go through the entire bankruptcy process. It can be sped up if you bring all of the correct documents to your attorney during the initial meeting.

It will be vital that you and your attorney have a good working relationship because you will be in constant communication with them throughout this entire process. You will be communicating with them through email, phone, and text messaging.

Many states will require you to take a course in managing your finances after you file for bankruptcy. It will be vital that you complete everything that your state requires you to complete.

In the United States, a majority of bankruptcies are filed because of medical bills. If this is you, then in time, you should be able to get on top of your finances again and go back to living a normal life.

If you are seeking a Tulsa, Oklahoma bankruptcy attorney, then please click here to learn more about the Hanson & Hanson Law Firm.