Zero-Down Legal Plan
The Philadelphia Chapter 7 bankruptcy lawyers at Sadek & Cooper Law Offices are dedicated to protecting your financial future through the Zero-Down Legal Plan
Let’s face it, one of the first questions to come up when you make the decision to file for bankruptcy is “How much does it cost to file for bankruptcy?”
If you are already struggling to pay off debts or a mortgage, it can be hard to imagine adding another monthly bill onto your growing stack. Sadek and Cooper prides itself on helping those in financial need and we realize that paying legal fees can be an obstacle to your fresh financial start. That is why our legal advocates worked with your community to launch the Zero-Down Bankruptcy payment plan! In addition to our affordable payment plans our law offices now offers a $0 down legal fee structure for Chapter 7 Bankruptcy filings.
The zero-down option allows a bankruptcy filer(s) to achieve the fresh start he or she needs immediately and defer the legal fee payments over time in a routine Chapter 7 Bankruptcy filing.
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Who benefits from a Chapter 7 Bankruptcy $0 Down Plan?
Your legal advocates at Sadek and Cooper will help guide you through your bankruptcy filing and plan choice which best fits your unique situation. The zero-down legal fees option is beneficial to those in the following situations:
- The filer has an upcoming lawsuit and does not have the time to save for legal fees
- The filer has been paying towards his and/or her debts and has not been able to save for attorney fees
- The filer needs to start the bankruptcy process immediately to achieve or continue employment, (keep or maintain security clearances or works for a financial institution)
What do I need for a Chapter 7 bankruptcy?
Generally, a routine Chapter 7 Bankruptcy involves at least the following legal tasks:
- Gathering relevant financial information
- Reviewing a credit report
- Preparing a 50 plus page petition and applicable schedules
- Analyzing applicable exemptions
- Reviewing the Petition with the client(s)
- Filing the Petition with the Court
- Attendance at a Section “341” meeting
- Filing of Motions to Avoid Liens where applicable
- Communication with creditors
What does a Zero-Down Chapter 7 Bankruptcy involve?
The no money down option necessitates that an attorney-client fee agreement is signed for pre-petition work – which consists first in the filing of a skeleton Chapter 7 Bankruptcy Petition and then a second or post-petition attorney fee agreement for legal fees earned to facilitate the Chapter 7 Bankruptcy matter until discharge.
The legal fees for the above work are generally collected over a period of 12 months in a zero-down plan. However, fees may be satisfied in a shorter period of time. The bankruptcy filer is responsible for the court fees and case costs prior to filing a zero-down legal plan Chapter 7 matter. Our law firm receives $0.00 in legal fees prior to the filing of the Chapter 7 Bankruptcy Petition – saving you cash and helping you focus on a better tomorrow.
How to qualify for a No-Money Down Plan?
If you are interested in the Zero-Down Legal Fee offer, the general qualifications you must meet are:
- Income over $32,000 for a single person
- Income over $44,000 for two working people in the household
- Not self-employed
- Has a valid bank account
- History of paying toward debts on a monthly basis
- Must be filing a “personal” bankruptcy
Work with Our Dedicated and Experienced Bankruptcy Lawyers
In the event a potential bankruptcy filer does not qualify for the zero-down legal fee program, the attorneys of Sadek and Cooper will discuss a more traditional fee arrangement and affordable payment plan prior to filing your Chapter 7 Bankruptcy matter. To schedule a free and confidential consultation, call us at 215-545-0008 or contact us online.