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...
Chapter 7 Bankruptcy FAQs
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...
What Property Can I Keep if I file 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...
Is Filing Joint Bankruptcy Better for Couples?
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...
Bankruptcy Fee “Payment Plans:” Paying Bankruptcy Fees in Installments
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...
Steps of Filing Chapter 13 Bankruptcy
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...
How Often Can I File Chapter 7 Bankruptcy?
There is generally NO LIMIT to the number of bankruptcy cases you can file. (Except in very rare cases where a bankruptcy court imposes a limit). However, if you discharged debts previously in a bankruptcy there is a “waiting period” before you are entitled to another...
How Often Can I File Chapter 13 Bankruptcy?
There is generally NO LIMIT to the number of bankruptcy cases you can file. (Except in very rare cases where a bankruptcy court imposes a limit). However, if you discharged debts previously in a bankruptcy there is a “waiting period” before you are entitled to another...
How Bankruptcy Attorneys Stop Garnishments
How to Protect Your Paycheck & Stop Garnishments with Bankruptcy Our experienced bankruptcy attorneys understand that nothing is worse than putting in a long, hard work week – only to have a big chunk of your hard earned wages garnished. If a creditor is...
What’s the Cheapest Way to File Bankruptcy?
The Cheapest Ways to File Bankruptcy Our experienced bankruptcy lawyerss understand that if you are considering filing for bankruptcy, you don’t have a lot of money to spare. If you did, you wouldn’t be filing bankruptcy! That is why our bankruptcy lawyers are always...