You Can Avoid Lawyer Fees And Still Become Debt Free

Bankruptcy is a costly method to get relief from debt. Attorney and filing fees add up, and they only take a larger toll on you financially. Our debt-relief solution can settle your credit card debt quickly and easily. Our debt-relief experts work out a reduction in your debt balance, and with Credit Solutions, there are no filing fees. You could debt free in three years or less through our debt-relief service.

Bankruptcy can theoretically be an effective way to get out of debt. It allows you to settle your debts in two ways: either you enter a repayment plan of three to five years under federal court supervision (Chapter 13 bankruptcy) and pay back a majority of your debt over a set period of time; or your assets are sold by a court appointed employee, and the proceeds go to your creditors (Chapter 7 bankruptcy). A bankruptcy trustee, typically an attorney appointed by the court, will gather your possessions for sale and collect your payments.

This is an expensive process. First off, your basic filing fee under Chapter 7 bankruptcy will be $299, or $274 for Chapter 13. If you change chapters in your filing, tack on another $15. If you change anything in your filing (an amendment), it costs $26 per change. Attorney fees for bankruptcy have doubled recently. The bankruptcy law change in 2005, has placed more restrictions and regulations on the process. Attorneys have had to learn the complexities of the new law and deal with extra paperwork. This means they are charging more money for their services. Many attorneys are refusing to handle bankruptcy cases altogether.

The bankruptcy process requires overcoming several hurdles on the way to a debt-free life. Our debt-relief service doesn’t require dealing with lawyers and mounds of paperwork. We manage more than $1.2 billion for our clients. We have built strong relationships with creditors to enhance your debt settlement.

Author bio: Brian Williams, a graduate of the University of Texas at Arlington, has 11 years’ experience writing and editing at daily newspapers in Texas. Having worked his way through college and experiencing the transition to professional life, Brian understands how credit affects people’s lives. For more articles by Brian, go to http://www.creditsolutions.com. Credit Solutions is your alternative to debt consolidation.

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