Given the stress that comes with filing for bankruptcy, most bankruptcy filers usually feel anxious, scared, helpless, and even depressed in some cases. There’s an unwarranted stigma in the society placed on people who file for bankruptcy. This read is meant to help you avoid that and feel even more confident after filing for bankruptcy. …
On average, filing for Chapter 7 Bankruptcy costs between $1,000 to $3,500 when you retain a bankruptcy attorney. Filing for Chapter 13 Bankruptcy tends to have a higher cost, from $2,500 to $6,000.
Filing bankruptcy can be a very confusing process. Hopefully, when you meet with an attorney he or she will be able to fully evaluate your case and ease your concerns. In order to get a full evaluation, it is important to give the attorney a complete snapshot of your current financial situation. The following items …
Chapter 11 of the United States Bankruptcy Code regulates the reorganization of businesses that face significant amounts of debt. The rationale behind it is to save a potentially profitable business from foreclosure while meeting the demands of its creditors
When someone files for bankruptcy, they receive what is called an automatic stay. The automatic stay is a powerful tool which prevents creditors from collecting debts from the bankruptcy estate while the bankruptcy is in progress. For example, a creditor might be threatening to repossess your car because of your failure to pay a car …
What Is The Automatic Stay And How Does It Protect Debtors In Bankruptcy? Read More »
This article will cover the basics of attorney fees for Chapter 13 bankruptcy. In a previous article, we covered the basics of attorney fees for Chapter 7 Bankruptcy. Many of the same things that we said about the economics of Chapter 7 also apply to Chapter 13. That is to say, Chapter 13 Bankruptcy is …