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Comparing Chapter 7 Bankruptcy and Chapter 13 Bankruptcy
The two most common options for bankruptcy for individuals and families are called Chapter 7 and Chapter 13, named for the sections of the U.S. Bankruptcy Code. Both bankruptcy options provide debt relief, but they have different processes and outcomes. In this article, we will compare Chapter 7 and Chapter 13 bankruptcy, highlighting their key […]
Debts That Remain After Bankruptcy
Filing for bankruptcy can be an overwhelming process. It is often seen as a last resort for people facing insurmountable debt. While bankruptcy provides relief and a fresh start for many, it’s essential to understand that not all debts are wiped clean, referred to as “discharged.” There are some specific obligations that you could still […]
Bankruptcy Trustee FAQ
Bankruptcy law can be confusing. In bankruptcy court, the judge will appoint a trustee to handle your bankruptcy. To help you understand what to expect, here are answers to frequently asked questions (FAQs) about bankruptcy trustees, what they do, and when they are used in bankruptcy cases. If you have more specific questions about whether […]
How Much Does Bankruptcy Cost?
When you are thinking of filing for bankruptcy, you don’t have much spare cash lying around to pay expensive filing fees. Unfortunately, it still costs money to file for bankruptcy. Some filers can put off the fees by having the bankruptcy court costs deducted from their assets. However, there may be other bankruptcy costs, including […]
How Often Can I File for Bankruptcy?
Anyone can have financial difficulties. Sometimes the best option is getting debt relief through bankruptcy. Filing for bankruptcy can help with debt problems like credit card debt, medical bills, and other financial obligations to creditors. Going through the bankruptcy process once is enough to get most people back on their feet. However, some people continue […]
How much does it cost to file for bankruptcy in Illinois? How can I pay for filing for bankruptcy?
Filing for bankruptcy in Illinois costs $299 for a Chapter 7, or liquidation, bankruptcy, and $274 for a Chapter 13, or reorganization, bankruptcy. However, federal law does provide that the Chapter 7 filing fee may be waived if your household meets certain income limits prescribed by the federal government. Even if you do not qualify for the […]
How much does it cost to file for bankruptcy in Iowa? How can I pay for filing for bankruptcy?
Filing for Chapter 7 bankruptcy in Iowa costs $299; filing for Chapter 13 bankruptcy in Iowa costs $274. While the Chapter 13 bankruptcy filing fee must be paid in full at the time you file for bankruptcy, you can apply for a fee waiver of the Chapter 7 bankruptcy filing fee, or for a payment plan […]
How much does it cost to file for bankruptcy in Maine? How can I pay for filing for bankruptcy?
A Chapter 7 bankruptcy filing in the state of Maine costs $299, and a Chapter 13 bankruptcy filing costs $274. If you are having difficulty paying the filing fee for a Chapter 7 bankruptcy, however, you can request that the fee be waived in its entirety, or that you pay the fee in installments according to […]
How much does it cost to file for bankruptcy in Massachusetts? How can I pay for filing for bankruptcy?
A Chapter 7 bankruptcy filing in Massachusetts costs $299, whereas a Chapter 13 bankruptcy filing in Massachusetts costs $274. Chapter 7 bankruptcy filers who cannot afford to pay the required filing fee at the time of their filing can either seek a waiver of the fee altogether, or set up a payment plan in order to […]
How much does it cost to file for bankruptcy in Minnesota? How can I pay for filing for bankruptcy?
A Minnesota Chapter 7 bankruptcy filing requires the payment of a $299 fee, and a Chapter 13 bankruptcy filing requires the payment of a $274 fee. There are fee waivers available in Chapter 7 bankruptcy cases for certain persons with low incomes; additionally, you can arrange a payment plan in order to pay the Chapter 7 […]
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