Find out whether the bankruptcy is the last option for you ?

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When to file for Bankruptcy?

When you are unable to pay your debts,

you can file bankruptcy

Before you file for Bankruptcy you need to

understand which option suits you best ?

Two major types of bankruptcy

Chapter 13 bankruptcy -

wipe out some debt and remaining

debt you can pay back over several

years.

Chapter 7 bankruptcy -

immediately wipes out all your debt.

Who can file Chapter 13 Bankruptcy ?

People with regular income

People willing to pay off Debt

People who need time to pay off Debt

Things to Consider

Unexpired Leases

Assets and Liabilities

Executory Contracts

Current income and Expenditures

Held a Meeting with Creditors

Your Repayment

Pay a court filing fees &other administrative fees

Confirmation Hearing

Begin making your payments

You can start within 30 days of filing plan

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