|Typical Bankruptcy Fees||
$1000-$1500 Attorneys' Fees
$306 Filing fees
$72 Credit Counseling fee
$100 Credit Report
Total: $1478 - $1978
Example 1: Client called after the sheriff called him about enforcing a default judgment entered in connection with an $18,000 credit card debt. The sheriff was preparing to seize Client's personal belongings, and Client was considering bankruptcy as the only alternative. After reviewing the situation and in less than 24 hours, we were able reach an agreement with the creditor to stop collection actions for a year in exchange for $2000 and installments of $62 per month. No bankruptcy was required.It is unreasonable to expect that your credit card debt can be eliminated on a "technicality", but it does happen from time to time.
Example 2: Client called because a lawsuit had been filed against him by a credit card company and he was concerned that a judgment would be entered on a $22,000 credit card debt while he was being considered for a new job; he believed that he would not get the job with a judgment recorded in the public record. He had some funds but not enough to satisfy the amount requested by the creditor. In less than 24 hours, we negotiated a settlement with the creditor under which he was required to pay 50% of the requested balance in two equal installments -- one now and one in twelve months. No judgment was entered. He got the job.
Example 3: Client called because she was receiving scary correspondence from credit card companies and collection agencies regarding several credit cards that were past due. We reviewed the correspondence and worked out a plan for her to address all of her debts for significantly less than requested by the creditors, and well within her resources.
I like to meet with my clients, but if that is not possible we can accomplish all our purposes over the phone and with other electronic communication; in most circumstances, you will never have to go to court in order to assert your rights. But, if we must, I am certainly capable and willing.