Remember that time you went to the doctor, forgot to pay the bill, had the doctor’s office call you and then, a few months later some random debt collector calls you for repayment? A lot of times, these situations happen accidentally, and certain times we forget about the debt, and about repaying the debt all together. When the third party calls, we are reminded of the debt and then make an active decision on whether to pay the debt at that time, tell the collector to call back later for the payment, or to ignore the debt collector and see what happens when you opt not to pay your debt… Then, one day you find out you’re getting sued for debt.
If your bills are piling high, to the point where making any kind of down or minimum payment seems like it’s going to be a struggle, bankruptcy might be your best option. It is important to know that filing for bankruptcy in Florida is going to cost you more than just about every other state, so there is really no cheap bankruptcy filing. While the filing costs are fixed by the state, the fees charged by attorneys typically runs between $999 and $1499, but can go as high as $5000. The range in price varies on specifics such as: 1. How the attorney bills for his or her time 2. whether you are filing for Chapter 7 bankruptcy filing, chapter 11 bankruptcy filing or Chapter 13, 3. How long the bankruptcy process takes, 4. Whether there are any challenges being filed by trustees and/ or creditors, 5. Whether there are any related legal costs to your case, and 6. Whether there are any adversary proceeding attorney fees.