Fees

Personal Bankruptcy Laws are Federal Statutes written to help people who are having trouble paying their debts. Filing Chapter 7 or 13 will immediately stop all of the annoying phone calls; lawsuits; wage garnishments; repossessions; and foreclosures.

Bankruptcy laws are provided for in the United State Constitution so that people who cannot pay their debts on time without undue hardship can get a fresh start and begin to rebuild their lives.

The bankruptcy code is divided into sections called chapters. The most common chapters are Chapter 7 and Chapter 13. Generally under Chapter 7 you are able to keep all of your possessions, including your house and cars provided they are insured and you are current on your payments.

Chapter 13 is available for people who have steady incomes and is particularly useful for those people who are behind on their mortgage payments and want to save their home. The major difference between Chapter 7 and Chapter 13 is that under Chapter 13 you are responsible for making some payments to your creditors, while under Chapter 7 you do not make any further payments to any of your creditors (except your house and car payments).

Fees



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