Costs of Filing Bankruptcy Online. Chapter 7 bankruptcy fees totaling: $ $ filing fee; $75 administrative fee; $15 trustee surcharge *If you have to re-open a Chapter 7 filing, it’s an additional $ Chapter 13 bankruptcy fees total: $ $ filing fee; $75 administrative fee *If you have to re-open a Chapter 13 filing, the fee is. Filing personal bankruptcy under Chapter 7 or Chapter 13 takes careful preparation and understanding of legal issues. Misunderstandings of the law or making mistakes in the process can affect your rights. Court employees and bankruptcy judges are prohibited by law from offering legal advice. The following is a list of ways your lawyer can help you with your case. The National Data Center (NDC) was established by Chapter 13 Trustees with the goal of of improving communication about Chapter 13 information to debtors, creditors, servicers and attorneys. We are the premier source for comprehensive case and claims data, .
If you have not already done so, you can visit Bankruptcy Reviews to compare our customer service to other bankruptcy web sites and bankruptcy attorneys. In most cases you can and should file your online bankruptcy without hiring an attorney, but still too many people waste their money hiring an attorney out of fear and for the wrong reasons.
There are several myths and misconceptions that many people fall for. Myth - 1 : There is the myth that the trustee hearing or creditor meeting is indeed a "creditor meeting. It may be called a creditor meeting but in actuality, there is no real meeting of anybody, creditor or not.
Here is how the process works. On the day of your meeting you walk into a crowded room with no place to sit. At the end of the room is a desk with a trustee and a pile of bankruptcy files.
The names of the people are called off one at a time. When it is your turn, you will usually be asked three standard questions. The first one is whether or not you were coerced or forced into filing bankruptcy.
The second one is whether or not you want to complete the bankruptcy process, and the third one is whether you want to change anything on the documents you filed. You answer those questions and you are done. It is that simple. The whole process will be over in under a minute. In some cases, it is over in as little as 30 seconds. You will not get to talk to any creditors because they will not be there. There is no round table or any table for that matter, for you and the creditors to sit at and talk.
To repeat, you walk up, state your name and answer three standard questions from the trustee and you are done. The phrase "Creditor Meeting" is a holdover from corporate chapter 11 bankruptcies where multi-billion dollar companies and their creditors sit down and work out a repayment plan.
They just retained the name, creditor meeting, to the confusion of consumer debtors who mistakenly think it is a real creditor meeting for them. The forum of the trustee meeting is not where a creditor can voice a concern if they have one.
If they have a concern and they rarely do, they will submit it in writing, not show up at the hearing. Creditor disputes are so unlikely that lawyer do not provide for it in their basic fee, so you really have nothing to be afraid of. In short, the hearing functions as a means for the trustee to get to meet the person filing and to make sure he or she knows what they are doing. Myth - 2 : The second myth that many people fall for is to believe that a lawyer can represent them at the trustee meeting.
Lawyers can no more represent you at the trustee meeting than they can represent you to watch a beautiful sunset on your behalf. It is something you have to do yourself. A lawyer can come to the trustee meeting with you, but so can your best friend or anyone else for that matter. If you bring a lawyer to the hearing, they can only state their name and no more. They cannot answer the three standard questions for you.
If they try, the trustee will stop them in their tracks. So why do some people hire lawyers for their chapter 7 bankruptcy filing? They do so simply because they are afraid and they do not know any better.
It is like a kid having their parent take them to school on their first day. It does not accomplish anything other than to calm them down. The one thing most people regret about their bankruptcy experience is that they let themselves get conned into paying money they did not have to hire an attorney they did not need for the trustee meeting. Your chapter 7 bankruptcy success depends solely on the documents you file, not on what happens at the trustee meeting.
The meeting is merely a formality and nothing more. Myth - 3 : The third common bankruptcy myth is to believe that the trustee decides the outcome of the bankruptcy. The trustees are only administrators and they have no power to make any orders or to decide anything. For chapter 7 consumer cases, their job is mostly to look over the papers and to hold the meeting. Some trustees are not even lawyers. Anyone can apply for a job as a trustee.
If you are good with numbers, you too can become a trustee. If you follow the rules, the discharge of your debts is virtually an automated process. You have a constitutional right to have your debts discharged and no court or judge or trustee is doing you a favor. The trustee and the judge are there to make sure you are following the rules.
Bankruptcy is strictly an administrator process and not really a legal one. It more naturally belongs in accounting and bookkeeping but because it is overseen by a judge, it has been dominated by lawyers.
Myth - 4 : The fourth and final myth is to believe that you will come face to face with a bankruptcy judge. If you are a consumer debtor as opposed to a business, you will never come before the bankruptcy judge. Bankruptcy judges are mostly for contested corporate bankruptcy cases where many millions of dollars are at stake.
Even when the court issues you your discharge, a judge does not put his or her signature on it. The discharge notice is just a form letter mailed out by the clerk of the court which simply states the exact phrase, "all dischargeable debts are discharged. They do not even list what is discharged since it is presumed that they are all discharged.
If everybody knew how unnecessary lawyers are at the trustee meeting, they would opt for having the documents typed by a full-service company such as ours, and let lawyers go after genuine legal cases. You are only a three easy steps from getting your debts discharged.
Sign up today to get started. You have read our customer testimonials and you are convinced that we are the right choice for your bankruptcy, but we will do one better. We will tell you who the other bankruptcy companies are so that you can visit them and compare for yourself.
You will find a list of the other bankruptcy web sites at the premier bankruptcy review site, Chapter 7 Reviews. Bankruptcy Reviews has been reviewing bankruptcy attorneys and bankruptcy web sites for more than a decade and they are the most popular bankruptcy review site for consumer bankruptcies.
Bankruptcy Reviews. If you are not sure you will qualify to file chapter 7, you can take a Free Chapter 7 Means Test to know for sure. Click on the link below to take the free test: Free Bankruptcy Means Test. While others guarantee the documents, we go to insane heights to put your mind at east. Onestop Bankruptcy Center guarantees that you will actually get your debts discharged, not just that the documents will be prepared correctly.
Ultimately, no one but you can control the accuracy of the information that you give us. For that matter, it is even possible that there is a good reason why the court should not grant you the discharge notice.
Notwithstanding all of that, if the court does not give you a discharge, even it is your fault except for you deliberately trying not to get a discharge, you will get your money back. It is like going to college and the school guaranteeing that you will not only be taught correctly but that you will graduate and get a good job or they will refund your tuition.
Now you see why we call it the insane guarantee? This is the only guarantee like it anywhere and we offer it to you not because we have lost our minds, but because we want you to have the peace of mind knowing that once you pay us, there will be no excuse from us as to why you could not get your discharge. File with confidence More Have an emergency? We can turn it on. Special Procedures. All bankruptcy courts are open for filing.
All bankruptcy courts have set up special procedures for filing bankruptcy during this COVID19 emergency. Here are the rules By Mail: All bankruptcy courts allow you to file your bankruptcy forms by mailing them directly to the bankruptcy court clerk, along with a money order or certified check, during this Coronavirus emergency. We provide all the necessary information to our customers. By E-Mail: Almost all bankruptcy courts allow you to file your bankruptcy forms by e-mailing them directly to the bankruptcy court clerk, along with a money order or certified check, during this Coronavirus emergency.
Installment Payments: Most bankruptcy courts automatically approve you paying the court filing fee in installments. This allows you to file now and pay the court their filing fee later. Creditor's Meeting: All Creditor Meetings are now conducted by phone.
The Automatic Stay: The automatic stay goes into effect the moment the bankruptcy court clerk receives your documents. So, you are instantly protected from all your creditors. The emergency order affects you as follows Rules Relaxed: The rules regarding the Bankruptcy Means Test have been relaxed a bit during this Coronavirus emergency.
We incorporate all the rule changes into the bankruptcy forms that we prepare for our customers Forms Change: Some of the forms have changed to take into account the President's emergency order regarding the Coronavirus pandemic. The benefits of a chapter 13 plan include:. Most credit card debt is unsecured. The amount you pay your unsecured creditors depends on the amount of your plan payment and the length of the plan. Sometimes unsecured creditors are paid nothing and sometimes they are paid in full.
Usually they are paid a percentage of the amount you owe them. The percentage depends upon on the plan you propose. When you propose a chapter 13 plan, you determine your monthly income after payroll taxes are deducted i. Then you prepare a budget that takes into account your rent or mortgage payment, your car payment and other payments on secured debt, and the amount you will spend on food, transportation, clothing, and other necessary expenses.
The difference between your monthly income and your monthly budget is the payment you will make in your chapter 13 plan. The trustee will review your budget and will not recommend approval of your plan unless the budget appears to be reasonable.
If the average income you earned over the six months prior to filing your chapter 13 petition was greater than the median income for your family size in your state, your chapter 13 plan must last for five years. If your average income was less than the median, you can propose a shorter plan, but no shorter than three years.
The plan must last long enough for you to pay the debts listed above that must be paid in full, so even if your income allows you to have a three year plan, you might need to propose a longer plan.