A lot of people think that if they can’t afford their credit card payments, then they can’t afford bankruptcy. But this isn’t necessarily true.

How To Afford Bankruptcy: Stop Paying Credit Cards

The way to afford bankruptcy often is to stop making your credit-card payments and to use that money for your bankruptcy. After all, you are throwing money out the window by paying on credit cards if you are going to file for bankruptcy anyway.

Decide If Bankruptcy Is Right For You

If you’re still in good standing on all your credit cards, it’s best to be sure that bankruptcy is the solution for you, before you stop paying on all your credit cards. The way to do that is to do your research and to talk with an experienced bankruptcy attorney who is familiar with all the different solutions for your debt problems. Most bankruptcy attorneys can evaluate your situation and tell you whether bankruptcy is a good idea for you and if it’s not, they can recommend other solutions.

Decide If Debt Settlement Is Right For You

Keep in mind that a non-bankruptcy solution such as debt settlement will also involve stopping payments on credit cards, although you have the option of stopping one or two at a time instead of all of them. And debt settlement is often more expensive than bankruptcy, depending on your individual situation.

Get The Money From A Relative

Another way to afford bankruptcy is to obtain the money from a relative who is willing to give it to you.

Can You Qualify For Free Legal Services?

There are legal services organizations out there who will refer you to an attorney that will do your bankruptcy for free, if your income meets a certain low threshold.

Explore your options. Contact attorney Jennifer Weil to schedule a free telephone consultation: (201) 676-0722. Or you can schedule your own consultation online at my Setmore page.