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Filing bankruptcy for just a single bill of $736 is not worth it. Filing a Chapter 7 alone would be, at minimum, $1,000 plus the filing fee of about $338.00.
Think of a Chapter 7 discharge as a bazooka and your Verizon account, at $736.83, as a microbe. Sure you can obliterate the microbe but you can't use that bazooka for 7 years.
Usually creditors will negotiate on old debt once it ages somewhat. Offers could be 10%, 20% or more. Some settle for about 1/3rd of the total. I'm not suggesting that settlement is something easy, but maybe your attorney could negotiate something for you rather than pay $1,338 (minimum if your attorney only charges $1,000 for an "easy' Chapter 7).
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Verizon Wireless continuously harasses me about my old phone account
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Is that your only debt? If so then filing bankruptcy would be the absolute worst possible decision you could make.
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Verizon Wireless continuously harasses me about my old phone account
So I have been wanting to file bankruptcy on an old account that I still owe money on ($736.83) I don’t know if my bankruptcy attorney here in town would help me because he thinks that it’s too little should I pay the balance or file bankruptcy on it?Tags: None
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