• bankruptcy chapter 13
    Bankruptcy

    Things to Consider Before Filing Chapter 13 Bankruptcy

    Filing Chapter 13 bankruptcy is a decision that can drastically alter your life. It’s smart to carefully assess the pros and cons and explore all debt relief options before filing a bankruptcy petition through the court. It can also be a costly decision. In addition to court filing costs and administrative fees, debtors must also retain a bankruptcy lawyer. Legal fees will vary by state and required workload. One word of advice, if you can’t afford court costs and legal fees, chances are bankruptcy isn’t the solution you need. Perhaps the biggest disadvantage is complying with new bankruptcy laws enacted under the Bankruptcy Abuse Prevention and Consumer Protection Act (BAPCPA).…