Filing for bankruptcy can be a bit of an oxymoron – you need to have money to prove that you cannot afford to pay your bills. For some people, the cost of engaging a bankruptcy lawyer and then having to pay the filing fees can seem daunting. In fact, for many, it’s too much, and so they walk away from what could be their best option.
You can file for bankruptcy without any money. There are legal aid organizations around that will help you with legal advice and help you to prepare your bankruptcy petition. These services are either free, or available for a nominal fee. In some cases, they will take your bankruptcy petition all the way through the bankruptcy process.
When filing for bankruptcy, you can apply to the court to pay the fees by installment. If you are on a low income, then you will generally find the court happy to accept this arrangement.
Other costs include your compulsory credit counseling session. If you have access to the internet, there are free credit counseling sites that have the courts approval for these sessions. You may also find a free community counseling service in your local area as well.
Bankruptcy can be a costly process, more so if you try to do it yourself. Just because you don’t have the money to seek legal assistance doesn’t mean you have to do it for yourself. There is help available to help you file your petition – just look for any organization offering free legal assistance.