Awww. My poor baby. According to legal documents obtained by TMZ, Aaron’s in a bit of a financial pickle. It appears the sum total of his assets a meagre $8,232.16, while his liabilities total $2,204,854 (including a $31,166 AmEx bill). He also owes $1,368,140 mil to the IRS. Bankruptcy attorney fees differ when filing for bankruptcy. Different fees will be charged by lawyers for the two types of insolvency i.e. chapter 7 and chapter 13. Moreover, if the debtor can somehow prove financial hardship then the bankruptcy attorney fees can be completely waived off. The most common mistake that many people make when dealing with an attorney is that they simply accept any level of fees that the attorney quote for them in order to secure their services. Many will not ask questions or request the attorney to justify the fee. The efficiency of the attorney in dealing with your case should be questioned and should be in line with the insolvency attorney fees being demanded. Clients who have filed for insolvency and are looking for a good attorney who will represent them in the best way possible will also make the big mistake of paying the bankruptcy attorney fees using their credit card. This is because they assume that the credit card debt has been wiped out. If you need assistance with bankruptcy and filing in Elizabehton, Tennessee, reach out to The Pope Firm and Charles Pope, Attorney At Law. Click here bankruptcy attorney Carter County for more details about bankruptcy attorney. If the transaction is successful, the creditor might claim that the debtor had the money all along and was even able to meet the bankruptcy attorney fees. He might claim that the debtor filed for insolvency so as to avoid paying the debt and this might impact negatively on your case. The best thing that you can do is to agree on some sort of payment plan with the lawyer so as to avoid such problems. For the best bankruptcy attorney visit Braintree bankruptcy attorney today. Bankruptcy is quite a serious matter and there is nothing worse for an individual or a corporation than having to file for bankruptcy. It can affect many people and ruin their careers and lives and render them completely helpless. The very word bankruptcy means a legal state of being unable to repay debts that one owes to the creditors. It is also sometimes referred to as insolvency. It can happen to both individual and organizations. Creditors will normally file a bankruptcy petition in an endeavor to recover a part of the money payable to them by the company or organization when bankruptcy happens to an organization. When it happens to an individual then they get buried in so much debt that they find it impossible to recover from it, and have no other option but to file for bankruptcy.
Here’s the kicker, though. Even though Aaron is a pop star (of sorts) and has been touring since the early aughts, Aaron lists his average monthly income at just $1,998.75. As for his monthly expense: $2,005, which includes $600 for food, $150 for clothes, and $65 for hygiene. He’s currently living with a family member.
And says TMZ: “Aaron is not filing for Bankruptcy light, which is often used to reorganize debts. He’s going for the whole, Chapter 7 enchilada, which means the creditors will eat it. (Photo: Pacific Coast News)