subject: Minimum Cost To File Chapter 7 Bankruptcy [print this page] Almost everyone wants to file chapter 7 type of bankruptcy. This is due to the fact that chapter 7 kills bankruptcy as fast as it can get. Among the types of bankruptcy, this is the most efficient and convenient way of eliminating debts, although, you have to sacrifice a lot of properties and when I say a lot, I am not exaggerating, it really is a lot! And what is more good news to people who are eligible to file this type of bankruptcy is that to file chapter 7, you do not have to spend a lot out of your pocket and all it takes is a little knowledge, some hard work and a little filling and filing.
The minimum cost to file chapter 7 bankruptcy is not an exact amount. It depends on where you live, where you go and what you do. But before you can think of spending and filing your papers on court, think about if you stand a chance in becoming eligible to file bankruptcy. To be eligible to file bankruptcy, you have to pass a type of test which is called the means test. This type of test reveals a persons true financial capability and it is either that you cannot find ways to pay your debts or you can pay your debts. Having the capacity to pay means you are not eligible to file a chapter 7 type of bankruptcy and therefore must resort or convert your plan to a chapter 13 type of bankruptcy, which is a type of repayment plan.
Think of an idea on how to find ways to obtain a minimum cost to file chapter 7 bankruptcy. There are certainly ways out there but you can make your own if you can think of one. Use the power of the internet to cut the cost of filing bankruptcy chapter 7. You can surf to different websites that offer free download of PDF bankruptcy forms. Some websites have fees, so you can avail services of online bankruptcy lawyer. You can find cheap fees online; find the one that you can afford.
Another way you can do is to hire a bankruptcy lawyer who files for cheap fees or who does free legal aid. There is nothing wrong in hiring these lawyers, they are legally authorized and capable of doing things an expensive bankruptcy lawyer can do. You can always ask questions and find the right bankruptcy lawyer for you.
Also by yourself, you can file bankruptcy if you want. You need to do a lot of home studying for this and a lot of patience. Bankruptcy forms, filling and filing them in court are no joke; one mistake can cause you a fortune. Take a note that if you did some errors in your papers, it can also cause the bankruptcy trustee to recommend you to file a chapter 13 instead.
The last thing I suggest is to file bankruptcy with the help of a petition preparer to prepare your papers and then pay him his flat me. The end result is the same and it does not cost you a lot. When the paperwork is done, you can take your papers and file them to the bankruptcy court. For more support to file bankruptcy, visit the link below.
