Month: July 2018

Sometimes Chapter 13 bankruptcy is the only option for you – if you are not eligible for Chapter 7 bankruptcy, because you did not pass the “means test.” (See Qualifying for Chapter 7 HERE) And, under some circumstance, Chapter 13 bankruptcy may be better option for...

Do I have to “Qualify” for Chapter 7 Bankruptcy? Yes. There are specific criteria set under the bankruptcy rules for determining if you “qualify” to file Chapter 7. If you do not qualify, though, you can usually qualify to file Chapter 13. In Chapter 7 bankruptcy...

Chapter 7 allows you to “wipe out” most of your debt. However, in the process of doing this, Chapter 7 also requires “liquidation.” This means that some of your property must be sold, and the money from the sale is used to pay back the debtor’s creditors. Chapter 7...

Filing a Joint Bankruptcy Petition When married couples get into a debt situation, sometimes just one or the other of the spouses has debts – and sometimes they are both in debt. A joint bankruptcy, allows spouses to file a single set of bankruptcy papers with the...

The Bankruptcy Court’s filing fees are due when you file your bankruptcy petition. However, under some circumstances, you may ask the court if you can pay the fee in installments. To ask for installment payments, you or your bankruptcy lawyer must file a Form 3A – and...

Your bankruptcy lawyer fills out the Chapter 13 forms with you There are a few dozen pages of forms that must be filed with the court. These somewhat complicated forms disclose to the bankruptcy court: What property, debts, income, and expenses you have. The names of...