I became ill and went on disability and fell behind on my obligations. I am now being sued in small claims court over a debt I cannot pay. I spoke to someone that recommends I file bankruptcy. At 62 years old I am not sure that is the correct move. I was told because I am current on my home and auto that I can keep those and wondering if this is true. Some of my obligations are joint and I am wondering if I file if it wipes out the obligation or falls to hubby which is of no benefit for us. Between the two of us we can't seem to make ends meet all the obligations and still have money to eat. Any recommendations and costs involved to file would be appreciated.
Quick reply - how much does it cost to file bankruptcy in Florida:
How much does it cost to file bankruptcy in your State and do you need a lawyer to file bankruptcy? In general, for a Chapter 7 bankruptcy case, the fee is around $390. For a Chapter 13 case, the fee is approx $375. Just remember, you don't need much money to begin the bankruptcy process in Florida (Daytona Beach). You may even have filing fees waived if you have little or no income.
- Determine whether bankruptcy is necessary
- Consider student loans
- Consider impact on your credit
- Deciding what type of bankruptcy to file
- Choose between chapter 7 and chapter 13 bankruptcy
- Satisfying pre-bankruptcy requirements
- Drafting and filing bankruptcy documents
- Provide a summary of assets and liabilities
- Complete a statement of financial affairs
- File a certificate of credit counseling
- And finally, file the forms
- Chapter 7 - Bankruptcy Basics | United States Courts
- File Bankruptcy With No Money - Bills.com
- How Much Does It Cost to File Bankruptcy?
- Bankruptcy: How it Works, Types & Consequences
- 14 key considerations for when filing bankruptc
- Legal Effects When Only One Spouse Files for Bankruptcy
How to find an excellent lawyer for your bankruptcy case in Florida? Browse our list of Bankruptcy law attorneys near you and resolve your bankruptcy (financial / debt) issue! Compare bankruptcy attorney fees, experience, reputation among clients, and financial services offered.
Would you like to find an experienced bankruptcy lawyer near me (you) quickly and for a good price? Generally, bankruptcy law can provide a timeline (arrangement) for the repayment of non-dischargeable personal (corporate) debts. The ability to repay secured debts is valid for both Individuals as well as organizations (governmental and private). Bankruptcy comes in five varieties where each offering different options "settling" with debts.
- Chapter 7: Cancelation of unsecured debts (credit cards and personal loans). Bankruptcy law in the United States has changed dramatically in 2005. Liquidation of personal debts under a Chapter 7 is the most common form of debt relief. Most of chapter 7 cases are classified as "no asset".
- Chapter 9: Reorganization of municipalities and related local entities sheet (not for Individuals and Corporations). A chapter 9 of bankruptcy law in U.S is very special. It is a form of debt reorganization (not disposal). Remember, it is only avaliable to Municipalities
- Chapter 11: This chapter Provides a lot of options to reorganize debt. There are options such as "debt cancellation", repaying some debts for Individuals, etc ...
- Chapter 12: Restructuring of debts for Family Farmers is done according to this chapter.
- Chapter 13: repayment of some debts over a period of three to five years + reduction on secured debts and their elimination.
Is it better to file for a bankruptcy under Chapter 11, Chapter 12 or Chapter 13? It depends on your case. Your first step should be finding and hiring the best and most affordable bankruptcy attorney near you. Bankruptcy proceedings in the United States are (should be) supervised by District and Bankruptcy Courts governed by the bankruptcy rules (promulgated by the Supreme Court - www.supremecourt.gov)