A local bankruptcy attorney can help you understand the differences between Chapter 7 bankruptcy and Chapter 13 bankruptcy, so that you can make an educated decision about the best next step for you. Fill out the form below for a free bankruptcy case evaluation.
Bankruptcy Is Not Free
Bankruptcy is not free, and the person filing cannot count on the bankruptcy to discharge the fees owed to his or her lawyer.
Chapter 13 Bankrupsy
In other words, your legal fees will not be wiped out along with your other debt. Chapter 13 is an alternative type of bankruptcy. Instead of discharging unsecured debts, this kind of bankruptcy simply restructures them. This means that you will likely still be required to repay most if not all of your debts, but the courts will set payment terms.
Chapter 13 bankruptcy also remains on your credit report for 7-10 years.