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What should you do if you cannot afford to file bankruptcy?

On Behalf of | Feb 27, 2019 | Chapter 7 Bankruptcy |

It is bad enough when you reach the point where you realize you need to file bankruptcy, but when you also realize that you cannot afford to file bankruptcy in Tennessee, things become even worse. It is not uncommon to worry about affording bankruptcy. After all, you are having serious financial issues if you need to file. However, to turn things around and get out from under the debt, you have to find a way to afford filing.

According to MyHorizon, many people might decide to just file bankruptcy on their own without help. This can be a huge risk and end up costing you even more money because you have to follow all the strict court rules when filing. If you make a mistake, the court will throw your case out. You also could make a mistake that results in only a portion of your debt being discharged in the bankruptcy. In both situations, it will cost you money due to the issues.

There are fees and costs you have to pay to file bankruptcy. There is no way to get around those. As you also now know, paying attorney fees are important as trying to do it on your own is often a costly mistake. So, to get the money, you will have to try to save up. You need to start cutting back on your expenses and working toward saving up what you will need to file. This is really the only answer unless you have someone willing t help you out and loan you the money. This information is for education. It is not legal advice.