3 Chapter 13 Bankruptcy Tips

Are you filing for bankruptcy and have questions? Check out these 3 chapter 13 bankruptcy tips, then call our South Jersey attorney today.

1. Chapter 13 Bankruptcy Timeline

3 Chapter 13 Bankruptcy TipsI was talking to a Chapter 13 client the other day and they wanted to know right up front, “How long is this Chapter 13 bankruptcy plan going to take?” The answer is an emergency petition can be filed in about one to two hours, but under normal circumstances, it takes one to two weeks to complete the actual filing, and the plan will last three to five years. If you have any more questions about how this works, please contact our office.

2. Cost of A Chapter 13 Bankruptcy

Here in our South Jersey office, when clients come in, cost is often a major concern on their minds. They’re already having trouble paying their debts and they want to know, “How much is it going to cost me to file for Chapter 13 bankruptcy?” Generally, there’s a small upfront fee of $750 to $1,000, but the remaining balance can be wrapped into the Chapter 13 trustee repayment plan. If you have any questions about Chapter 13 costs and how it’s wrapped into your plan, or whether a Chapter 13 bankruptcy is right for you, please call our office.

3. Chapter 13 Bankruptcy Trustees

When talking to clients at our South Jersey office, they often want to know, “Who is this trustee? What do they do, and what part do they play in my bankruptcy plan?” The trustee is an individual who actually has the best interest of the creditors in mind. They will go over your assets, your debts, and your liabilities during your hearing. Creditors almost never show up to these hearings, but the trustee is there to make sure that everything is in order, and they will be the one who disperses your monthly payments. If you have any more questions about how Chapter 13 bankruptcy works, or what role the trustee will play, please feel free to contact our office.


Are you or a loved one unable to pay your debts and have questions about our 3 Chapter 13 bankruptcy tips? Contact experienced South Jersey Chapter 13 bankruptcy attorney Andrew Carroll of All Jersey Bankruptcy today for a free consultation and case evaluation.

We are dedicated to giving you the answers that you need in order to make an informed decision about whether bankruptcy is the best decision option for you.

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