In a Chapter 13 bankruptcy, the filer proposes a payment plan according to their capability to repay particular debts. The bankruptcy trustee and all sorts of creditors review the Chapter 13 plan and, if it s appropriate to all the included, the court verifies the payment plan, which spans 3 to 5 years.
Simply how much does bankruptcy price?
Filing for Chapter 7 bankruptcy requires a $335 filing cost, payable in installments. Chapter 13 bankruptcy takes a $310 filing cost. (more…)