Monday, November 26, 2012

Will filing bankruptcy stop a wage garnishment?

Yes.  A federal law called the "automatic stay" is invoked when a bankruptcy is filed.  Once the company garnishing your wages is notified of the bankruptcy, the garnishment must stop.  Monies taken after your bankruptcy was filed must be returned.

Sunday, November 25, 2012

What are the chapter 13 debt limits?

Congress has set certain limits for chapter 13 filers. The debt limits will be adjusted next April 1, 2013.  At present they are $ 360,475.00 for unsecured debt and $ 1,081,400.00 for secured debt.  If you owe more than that, you can still file a personal chapter 11 case.

What are the court filing fees to file a new bankruptcy case?

Chapter 7 - $ 306.00

Chapter 11 - $1,213.00

Chapter 12 -  $ 246.00

Chapter 13 - $ 281.00