General FAQs

Yes

Currently, the court filing fee is $306. You can pay this fee in four equal installments over a four month period. I would recommend though that if you can pay the filing fee upfront that you do so.

For a single filing, my fee is $1050 plus the filing fee (ie $1356 total). For a couple filing, my fee is $1200 plus the filing fee (i.e.. $1556 total).

Yes, I will obtain and review all three reports with no additional fees.

Yes, you can make payments. I cannot file the bankruptcy until my fee is paid in full.

I call my fee a “flat fee plus”. By this, I mean that 99% of the time the fee is a flat fee. My fee covers the following work required for a chapter 7 bankruptcy: a) meeting with the debtors to explain the process; b) preparing the filing including review of the 3 credit reports; c) meeting with the debtors a second time to explain the filing and have the debtors sign; d) filing the petition and schedules with the court; e) collecting documents to forward to the trustee prior to the meeting with the creditors; f) attending the meeting with the creditors. In certain infrequent situations, your bankruptcy may require extra work. However, my contract does provide for an additional charge in those situations where extra work is required.

In nearly every case, the answer is yes. A Chapter 7 debtor has the obligation to turnover nonexempt property to the trustee. See the link for “exempt and nonexempt property” for more details.

Yes

With respect to secured debts (like a house or a car), you must continue to pay pursuant to the contract in order to keep the asset. With respect to unsecured debts like credit cards, medical bills, unsecured loans, foreclosures, repossessions, and most judgments, such debts are dischargeable. There are certain unsecured debts which are not dischargeable. See the link for “Nondischargeable Debts” for more detail.

Call for a free consultation, and we can discuss your situation.