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Costs and benefits in seeking debt relief assistance

Some South Carolina residents facing financial hardship are likely to wonder about the costs associated with bankruptcy. Even if a person can protect their home from foreclosure, reduce interest payments and set up manageable payments on their debt, filing expenses could sometimes make bankruptcy a worse deal than going it alone. Fortunately, bankruptcy itself is not very expensive on the front end, and the marginally higher cost of professional assistance could result in several benefits.

At the basic level, residents will pay around $300 in filing fees depending on the type of bankruptcy, and it could cost nearly $300 again to file an appeal. There may also be minimal costs related to the filing that are not charged by the court. Of course, someone seeking debt relief could see that relatively small sum as missing a house or utility payment. For this reason, courts are able to set up installments on filing fees.

The thought of filing the paperwork and attending court alone is an intimidating proposition for many people. For this and other reasons, some will turn to an attorney with experience handling Chapter 13 bankruptcy cases. Attorney fees can raise the cost substantially over baseline filing costs, but professional assistance could likewise result in savings and may open up options besides filing for bankruptcy.

Discussing assets and financial challenges with an attorney who understands bankruptcy law might provide the basis for a more solid case or new ideas about how to achieve debt relief. An attorney can help prevent costly mistakes, such as filing for the wrong type of bankruptcy. South Carolina consumers in need of debt relief are often under enormous stress, and an attorney's assistance can bring invaluable knowledge and predictability to the process of seeking a fresh financial start.

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The Huggins Law Firm, PA

Columbia Office
1812 Lincoln Street
Suite 201
Columbia, SC 29201

Phone: 803-764-1558
Fax: 803-764-1563
Columbia Bankruptcy Office

Columbia Office

Charleston Office
925-D Wappoo Road
Charleston, SC 29407

Phone: 843-509-0039
Fax: 866-481-2325
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