If you are in financial crisis, lost your job, losing your home, or owe the IRS back taxes, bankruptcy may be the answer for you.
Chapter 7 Bankruptcy: A chapter 7 is a complete liquidation of all of your debt that still allows you to keep certain assets. You can keep your home as long as you do not have a lot of equity, your cars and possessions.
Requirements for Chapter 7 is dependent upon various factors. Please make an appointment to see if you qualify.
Cost for Chapter 7 Bankruptcy = $1500 (includes court filing fee).
Chapter 13 Bankruptcy: Is a reorganization of your debts that allows you much greater flexibility. Allows for a second mortgage to be stripped off your home, lower monthly payments, and helps negotiate lower payments to the IRS for tax debt.
Cost for Chapter 13 = $3800 (includes all court fees, $2000 paid up front, the remainder is worked into the Chapter 13 plan).
