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Hi,
I am new to the bankruptcy scene and am looking to declare over the next few months.
Just wondering what the success rate with bankruptcy is? It is not for business-related purposes but just personal because of an illness-related injury. I am hoping to clear the discharge ASAP but am worried about the process and how successful it is, whether or not I need a lawyer, etc.
Thanks!
Also, how long of a time frame do I have? I stopped paying monthlys about 4-6 months ago and am getting settlements in the mail for the debt. Thanks.
@Anonymous wrote:Hi,
I am new to the bankruptcy scene and am looking to declare over the next few months.
Just wondering what the success rate with bankruptcy is? It is not for business-related purposes but just personal because of an illness-related injury. I am hoping to clear the discharge ASAP but am worried about the process and how successful it is, whether or not I need a lawyer, etc.
Thanks!
Clearing the DC doesnt stop the creditors. The day you file your BK papers stops everything. A lawyer is the best way. But with the "No income" in your title. The courts will want to know how are you getting by. Each state is different. If you have no income per say. You'd pass the means test. Consultations with BK lawyers are free and you can shop around and find one and take the lowest cost one. The lawyer doesn't do the paperwork. The paralegal does it all on computers to the courts. He is just your representative.
If you do it yourself. Just the filing fee to the courts is over $400 bucks if I remeber correctly. Then the time and cost of paper/printing/mailing/trips to the courthouse,ect. IMO. Lawyer is the best way. Their price includes all costs in 1. Someone is paying the bills and the court will want to know. Good Luck!