We focus on the 2 most common types of Bankruptcy: Chapter 7 and Chapter 13.
Chapter 7:
- What is Chapter 7 Bankruptcy?
- Basically a total liquidation of unsecured debt, such as credit cards, medical bills, payday loans, etc. You must meet the applicable means test in order to file under Chapter 7.
- This is the most common form of consumer bankruptcy.
- What can filing for chapter 7 Bankruptcy relief do for me?
- Stop harassing creditor calls
- Stop lawsuits
- Stop garnishments
- Stop foreclosure
- Start your credit life over
- By filing for bankruptcy, won’t I lose my home, cars, and personal belongings?
- In most cases, your personal items are exempt and you can usually keep your home and vehicle as long as an agreement can be reached with your creditors.
- How much does it cost to file for bankruptcy relief?
- Reasonable attorney fees (which are usually around $600 - $800) plus $299 filing fees.
- You must also complete a credit counseling course and a financial management course for a total of $50.
- For more information, please give me a call or email me at bram@maryvillebankruptcyattorney.com to set up a FREE CONSULTATION
Chapter 13:
- What is Chapter 13 Bankruptcy?
- Basically debt reorganization in which your debt is paid back over a period of 3-5 years.
- Also, commonly referred to as “wage earner” bankruptcy.
- What can filing for chapter 7 Bankruptcy relief do for me?
- Chapter 13 can accomplish all the things that a chapter 7 can, but the difference is that you will pay back a percentage of debt to your creditors over 3-5 years
- Stop harassing creditor calls
- Stop lawsuits
- Stop garnishments
- Stop foreclosure
- How much does it cost to file for chapter 13 bankruptcy relief?
*The information above is very general. Bankruptcy relief offers many other benefits that we can discuss during your FREE CONSULTATION
The Law Office of Bram C. Bevins is a federally recognized debt relief agency. We help people file for bankruptcy under title 11 of the United States Code.
The information you obtain at this site is not, nor should it be construed to be, legal advice. The information provided is intended to be informative in nature. You are invited to contact our office through the website and we want to hear from you by means of phone calls, emails, and letters. However, contacting our office does not establish an attorney-client relationship. Please do not send any confidential information to us until an attorney-client relationship has been established.
