Filing Bankruptcy can protect you from creditor harassment, phone calls, garnishments and foreclosure, depending on circumstances. A bankruptcy case must be filed with a case number before legal action against you can be stopped.
Chapter 7 Bankruptcy is called a "fresh start" and usually discharges (eliminates) most debts. There are exceptions and some consequences to filing a chapter 7. You need to discuss these options at your free consultation.
Chapter 13 Bankruptcy is a reorganization which usually consolidates your debt into one payment per month and can significantly reduce your monthly payments to all your creditors.
In both types of bankruptcies please know that any tax refunds you are entitled must be given to the bankruptcy. Please consult with the attorney to get more details.
The cost of Bankruptcy is determined by each case and will be discussed with the attorney. Generally the costs can be as follows:
Chapter 7 Bankruptcy is called a "fresh start" and usually discharges (eliminates) most debts. There are exceptions and some consequences to filing a chapter 7. You need to discuss these options at your free consultation.
Chapter 13 Bankruptcy is a reorganization which usually consolidates your debt into one payment per month and can significantly reduce your monthly payments to all your creditors.
In both types of bankruptcies please know that any tax refunds you are entitled must be given to the bankruptcy. Please consult with the attorney to get more details.
The cost of Bankruptcy is determined by each case and will be discussed with the attorney. Generally the costs can be as follows:
- Credit Report cost $35/$55
- Filing Fees $335 for a Chapter 7 and $310 for a Chapter 13
- Two on-line counseling certificates, general between $20 to $50
- Attorney's Fees - case by case.
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