Is It Possible to File For Bankruptcy For Free

The short answer is “Yes,” it is possible to file for bankruptcy for free, which means, at no cost to the filer. First, the costs of filing for bankruptcy include the court’s filing fee, which currently is $335.00 for a Chapter 7 case, and $310.0 for a Chapter 13 case. These are the mandatory court filing fees, however, they can be waived.

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What Are The Alternatives If You Can’t Afford A Bankruptcy?

A poorly filed bankruptcy can be dismissed, which means you will not get any relief from your creditors. If you don’t put in the time and effort into researching all necessary laws, rules, and procedures, you risk having your case dismissed without a discharge or losing your property.

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Avoiding Business Bankruptcy

Declaring business bankruptcy is not an easy decision to make. That’s why people try to avoid it. There are so many things you can do with a business in order to avoid bankruptcy. Just be smart in making decisions involving money. This way, you will be able to make sure that your debts do not outweigh your liabilities.

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The Basics of Chapter 11 Bankruptcy

In a nutshell, Chapter 11 bankruptcy is when a company does not choose dissolution and liquidation but seeks protection from the government so that it can be reorganized. That is, the company will be given partial or full relief from creditors but it will not be dissolved.

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