Excessive credit card spending that is not paid off will eventually lead to bankruptcy for many individuals. Credit card holders sometimes view credit cards as money that they have rather than money they will eventually have to pay back. When this realization is made, it is often too late to do anything. At this point, filing for bankruptcy is the only option. However, depending on how complicated your case is, you may need to hire a bankruptcy attorney. This can be difficult to do with little to no money at your disposal. As a result, there are a few tips you can use to afford a bankruptcy attorney with no money.

Ask Your Attorney for a Payment Plan

If you are filing for Chapter 7 bankruptcy, it is expected that your attorney fees are paid before filing for bankruptcy. If you do not have enough money for the fee, you can ask your attorney to put you on a payment plan, and you will be required to pay a certain amount on several agreed upon dates. If you are filing for Chapter 13 bankruptcy, attorneys are usually paid through your bankruptcy plan. This is similar to a payment plan drafted by your attorney, except this plan is drafted by the courts.

Ask Your Attorney for a Waiver

If you find yourself in dire conditions, you can ask your bankruptcy attorney for a fee waiver. This is a bit difficult, as waivers are only granted to individuals who have very little and earn a yearly income that puts them below the poverty line. As a result, the individuals that qualify for this are mostly elderly or disabled. If you plan to file for Chapter 13 bankruptcy, you will not be able to receive a fee waiver or reduction.

Get a Cosigner

If you do not have the money for your attorney fees, you can enlist the help of a cosigner. This individual is held responsible for any debts you do not pay. As a result, your cosigner has to be approved by your attorney before filing for bankruptcy. Your cosigner must exhibit signs of financial responsibility, including a good credit score, steady monthly income, and very little debt.

Affording a bankruptcy attorney with very little money to your name can be difficult to do. As a result, use these tips to ensure that you have an attorney to represent you when you file for bankruptcy. Talk to a professional attorney, like D Derk Demaree Attorney at Law, to discuss what options are available to you.