Chapter 7 bankruptcy is the most common of bankruptcy filings. Often defined as the “liquidation of assets,” filing for Chapter 7 forgives unsecured debt, allowing the debtor to begin anew. Individuals, married couples and companies are eligible for this type of filing. A trustee is appointed to sell the debtor’s assets for payment of debts, though federal and state law exemptions allow for retention of a primary residence and basics such as clothing.
$899*
*Plus $500.00 cost Includes filing fees, credit reports, postage and misc. Emergency cost can vary and are calculated on a case by case basis
$1,299*
Real Property ie Real Estate *Plus $500.00 cost Includes filing fees, credit reports, postage and misc. Emergency cost can vary and are calculated on a case by case basis
$2,499*
Filing for Chapter 7 bankruptcy is a valuable option for corporations and limited liability companies (LLCs) that are going out of business. Read on to learn more about how Chapter 7 bankruptcy can help corporations, LLCs, and their owners.*Plus $500.00 cost Includes filing fees, credit reports, postage and misc. Emergency cost can vary and are calculated on a case by case basis
In Chapter 13 bankruptcy, you keep your property, but pay back all or a portion of your debts over a three to five-year period. This is unlike Chapter 7 bankruptcy, where most of your debts are cancelled but you may have to surrender some property to the bankruptcy trustee to pay your creditors. Because you end up paying most of your debts over time in Chapter 13 bankruptcy, it is also called reorganization bankruptcy
$899*
*Plus $500.00 cost Includes filing fees, credit reports, postage and misc. Emergency cost can vary and are calculated on a case by case basis 13 case include additional fees built into the repayment plan based on hours worked
$1,299 *
Sheriff sales, Refile with a previous case within the past twelve months. *Plus $500.00 cost 13 case include additional fees built into the repayment plan based on hours worked Includes filing fees, credit reports, postage and misc. Emergency cost can vary and are calculated on a case by case basis
For a small business in financial distress, Chapter 11 can be a viable option to restructure and eliminate debts and continue in operation.
$10,000
Chapter 11 case include additional fees built into the repayment plan based on hours worked ** Plus filing fees $1,717, credit reports, postage and misc. Emergency cost can vary and are calculated on a case by case basis