Written by attorney Jonathan C. Ginsberg

How Can I File Bankruptcy if I have No Money?

Obviously if you are considering bankruptcy, you do not have much cash sitting in your drawer or in your checking account. How, then, can you afford to actually file bankruptcy.

Thanks to Congress and the Bankruptcy Courts, the process for filing bankruptcy has become much more complicated and burdensome over the past few years and the cost of filing has gone up. The courts have raised the filing fees to the $300 range and because attorneys are required to do more, legal fees have also gone up.

As I discuss in this video, you may not need to file at all if you are truly judgment proof. If you are at risk for wage garnishment, vehicle repossession, mortgage foreclosure or bank account seizure, you have to make a decision. Is it worth $1,500 to $2,000 to get rid of $75,000 to $100,000? Is the short term pain of giving up cable TV, cutting back on dining out, or even getting a second job worth the long term benefit of becoming debt free, protecting your house and car, and living with peace of mind?

If you live in the Atlanta metro area and would like to learn more about both the benefits and down side to filing a Chapter 7 or Chapter 13, please call me at 770-393-4985 or email me.

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