Re: Basic Information

I suspect you are talking about a Chapter 7 bankruptcy, where one can discharge most debts. In Los Angeles County, the bankruptcy from start to finish usually takes about 4 months. Creditors will stop calling about a week or two after it is filed. A meeting of creditors (most never show up) takes place about 1 month after the bankruptcy is filed. The court charges $200 filing fee. Lawyers' charges differ significantly. There is no limit to the number of creditors nor amount being discharged; however, there are certain triggers or "red flags" which I would be happy to discuss with you if you call me at (310) 858-9771.

Re: Basic Information

It usually takes about four months and most debts are fully discharged. There is a creditors' meeting about one month after filing. Shortly after you file creditors will stop contacting you.

There is no limit to the number of creditors.

The filing fee is $200. Our fees depend on the case. If you would like to discuss this further, please e-mail me with contact information or call me at (818) 991-6664 for a no charge consultation and case evaluation.

Good luck and thank you for your inquiry.

Re: Basic Information

A no frills bankruptcy is typically around $1500 -- depending on the number of creditors and the facts of the case, which can add additional charges. *This is not an offer or advice, but rather just general opinion.

Re: Basic Information

The answers depend on the type of bankruptcy you file--a Chapter 7 does not require payments (except on secured items you wish to keep), but a Chapter 13 does. What you file depends on your debts and income.

The filing fee is $200, and attorney's fees will differ, but are most likely between $1000 and $2000, unless the person filing also has business entities that may be part of the bankruptcy--the costs will be higher for these.

The process takes about four months, as previously noted.

Regarding payday loans, a review of the contract can give you the answer.