Bart Green helps individuals, married couples and small businesses seeking protection from their creditors and to get a financial fresh start through the bankruptcy process.
The need to file a bankruptcy can be caused by many situations in life. Let’s face it, no one wants to file a bankruptcy. But sometimes doing so is in your best interests and can help get you back on a solid financial footing. The many causes of the need to file include job loss, divorce, medical bills, difficulties with one’s business, a drop in income or business due to the Covid pandemic, credit card debt, falling behind on house payments, being sued by collection agencies and facing a garnishment, bank levy or foreclosure, as well as tax liabilities which need to be resolved.
What’s Involved in Filing for Bankruptcy?
First, a petition is filed with the US Bankruptcy Court. The filing package is on average about 50 pages for a Chapter 7 and slightly more for a Chapter 13. Court filing fees are $338.00 for a Ch. 7 and $310.00 for a Ch. 13 in addition to reasonable legal fees.