i need to file for bankruptcy ,chapter 13 does it help you or hurt you.?
483076
If you have to file go for chapter 7. A bankruptcy stays on your credit report for 7 years AFTER it's discharged. So if you go 7 it's dischatged immediately and if you go 13 it's\ndischarged after you finish making payments...about two years from now. So you credit will be bad longer with a 13. Also, most of the people you probably owe (credit cards, phone, etc)\ndon't care. They've made their money from you and will get a tax break from your defaulting on your payments...good luck on a new start.
859021
If you're in deep debt (like over $25,000) you might want to consider it. I was over $28,000 in debt and I decided to file Chapter 13 (Repayment plan). It was the best move for me because I would have never paid off my credit card debt. True, Bankruptcy does stay on your credit report for at least 7 years, but it's worth ridding yourself of the aggrevation and stress of not having any extra money to save. I filed in 2001 and have finally got my credit back on track. Plus, my bankruptcy will be removed from my report in 2008. Contrary to what you've heard about it, there are still many places that extend credit to you even after a bankruptcy. If you're deep in debt, talk with a lawyer and get the facts.
66199
As of October 17, 2005, it became much more difficult for many people to file bankruptcy.  The paperwork has increased by about 75%.  The new laws and procedures are confusing even to us lawyers.  If you don't follow all the right steps, your case might be dismissed and it becomes even more difficult to file.  It is not absolutely necessary, but I pity the poor soul to tries to file bankruptcy on their own without an attorney.
853898
They r going to go after property that u have....also, bankruptcy is a pain for the future i've heard when trying to ...rebuild yourself.
783411
I purchased some stock from a company who recently filed chapter 11 (lost some money, but that's another story), but I think they are required to send you or instruct your agent to send you notice of their filing.\n\nI am not sure, I only deal with chapter 7 and 13 bankruptcies.
760202
If you are totally desperate, and you have no assets to protect, you can file bankruptcy pro se. Many have done this.\n\nIt's harder now under the George W. Bush-sponsored 2005 Bankruptcy Code amendments. But it can be done. There is help online, especially at the newsgroup alt.bankruptcy http://groups.google.com/group/alt.bankruptcy?lnk=sg&hl=en\n(You need to register with Google. Set up a new Yahoo! or Hotmail account for that, otherwise you'll be bombarded with spam once  your real e-mail address gets online.)\n\nYou need to go through CREDIT COUNSELING first. There is a list of approved agencies, some online. Some of them -- perhaps most -- will waive their fee for really indigent people.\n\nYou CANNOT FILE until you have had that "counseling". It's a waste of time, of course, but it's part of Bush's law -- and the credit card companies bribed Congress to pass it with $40 million in campaign contributions (it didn't help the Republicans win, but it did get them the law they wanted). http://www.usdoj.gov/ust/bapcpa/ccde/cc_approved.htm (list of approved counseling agencies) \n\nSo all you'll need is money for the forms (you can hire a forms-filler person, but really you can do them yourself) and the filing fee ($299 for Chapter 7). Or (best of all) use Blumberg.com http://www.blumberg.com/ -- you may be able to do it for $50 online, although I'm not sure how that Web site works and don't have the time right now to figure it out. (I know the company's other forms very well.)\n\nI suggest you get the Nolo Press book on bankruptcy: http://www.nolo.com -- perhaps your public library has it, or maybe you can get it even cheaper on eBay -- but Nolo is very good for do-it-yourself lawyering.\n\nThere is other free legal help, but really bankruptcy isn't difficult when you have no assets (home, car, valuables) to protect. You get certain exemptions, depending what state you live in. Some states (Florida, Texas ...) are generous; others (Ohio, Illinois ...) not. But when you have nothing, it doesn't matter. Once you get a discharge, you will use debit cards. \n\nOpen an account with a bank where you have no loans or credit cards, and have only a few dollars in it when you file. And make sure you have no money in any bank you have loans or cards with because they will take that money -- even your unemployment check -- as an offset to your debt.\n\nVisit the bankruptcy court. Sit in on some sessions, talk to people there. Even lawyers if you like and if they have time. Also sit in on some "341" meetings of creditors where the bankrutpcy trustee interviews the debtors. You will be less apprehensive if you are familiar with what's going on.\n\nGood luck.
804531
Chapter 13 is where you basically get on a repayment plan with all of your secure debtors (like mortgage, car, secured loans etc.) and the filling fee in IL is about 300 and then the attorneys fee is about 2200.  Chapter 13 is really only worth it if you are about to lose your house, it will stop foreclosure proceedings.  Chapter 7 is where all of your debt is basically wiped clean.  The fee for that is about 1100.  Make sure you really think it out and figure out which way is the best way for you to go.  When you file chapter 13 you are put on a pretty tight budget and you have to make it work.
647921
Yes, you can file for bankruptcy.\nYou will still have to pay the court judgment and according to the new bankruptcy laws probably all of your other debt but it might stop some interest charges and late payment fees.\n\nYou should consult an attorney obviously I do not know what state you live in and the details of your case.
628743
I wouldn't think so. Report it to Human Resources, then to your bankruptcy lawyer. Bet it stops then.
209576
Yes I did.  \n\nDue to a ton of stupid mistakes, life disasters, and unforseen problems my life was being destroyed.  \n\nThe new bankruptcy law was about to go into effect.  I was like thousands of others who was on the "bubble".  Waiting to file would cost us far more money.  \n\nI did not see any way of getting ahead for several years.  If I filed for bankruptcy I would be messed up for 5 years (the period of my "plan").  \n\nNo, I am not happy I filed, it's a very depressing time in my life right now.  But the alternative would have been much worse.\n\nThe sad part is if a few of my creditors would work with me....if a couple credit card companies would restore my low credit card rate (accidently went over my credit "limit" and got severely punished)...\n\nNone of them would.  20 years if extremely good credit gets ignored.  So now they get nothing more from me....I guess that's the only silver lining in all of this.\n\nI read that 2/3's of all the chapter 13 bankruptcy plans fail.  I believe it.  \n\nNow I spend a lot of time counseling people on how not to make the same mistakes.
291988
I guess to appreciate the new law you have to be on the "receiving" end.\n\nMy sister was renting her house to someone. After a few months of hardship stories, she finally had to start evicting them after $2000 in back rent had accumulated.  \n\nThen they filed for bankruptcy.  \n\nThen 2 days after the creditors meeting, they apply and get a brand new mortgage, putting down $5000 on the loan.\n\nThat's abuse of the bankruptcy system.\n\nNow, on the other hand, we see the 78 year old retiree who runs up $20,000 in medical bills.  No way to ever catch up, rent runs behind, credit cards get maxed out.....\n\nOr the husband with 2 kids, factory worker getting $25 an hour and thinks his job is secure.  Gets laid off, can't find any jobs that pay more then $9 an hour.  Wife can't work cause she's raising kids.......\n\nIn both of these cases, creditors don't care.  They want their money.  Collection agents relently hound and threaten them.\n\nYeah, I know both sides of the story.
50916
They will make it very difficult or impossible to file chapter 7.  You will probably have to file chapter 13 which means repaying at least partially your debts.  It also increases the cost and complexity of the process.
881806
I filed for bankruptcy 4 years ago. I made payments to my lawyer. I couldn't really afford one payment. Some of them will offer a payment plan.check into it
128132
Well, if you fall into the criteria for filing Chapter 7 (your HOUSEHOLD income (not just yours) is lower than your states median income) then you should probably look to spend between $500-$1500.  You can fill out the paperwork yourself and file everything for a smaller fee (there's like a $200-$400 fee to file the paperwork).  The attorney's may offer a free consultation, however when an attorney does a bankruptcy they represent you because they are filling out the paperwork for you on your behalf.  Have you visited wethepeoplema.com ?  They show you how to file by yourself.  Good Luck.
523087
I'm in Chapter 7 Bankruptcy which lasts for 10 years. It's good because it gives you financial freedom - IF you can save money on your own and have a good job and can survive without a credit card, it's not so bad. On the other hand, it lasts for 10 years. I don't know how hard it is to get loans or credit cards later on(I'm still trying to figure it out myself) I've heard that it's not impossible, but more difficult.\n\nHope that helps some!
667662
In your yahoo search bar type in Bankruptcy Explanations, Scroll down the page til you see number 5 click on that and any questions that you have I'm sure this site will help you.
1127799
Once it is filed, yes. Although a Chapter 13 you are paying debts off through the court. You fail to keep up the payments, your bankruptcy gets discharged back to the creditors to collect.