Bankruptcy is a way to eliminate your debts or repay them on terms you can afford

Law Office of David J. Casey

Bankruptcy is a way to eliminate your debts or repay them on terms you can afford, not what the creditor dictates. Mr. Casey represents people in "Consumer Bankruptcy", or Bankruptcy for individuals, these are Chapter 7 and Chapter 13.

Generally speaking, a Chapter 7 eliminates all your debts and a Chapter 13 repays some or all your debts over a period of 3 to 5 years. Click on the Chapter to find out more about each one.

The Bankruptcy reform Act of 2005 essentially did two things to the average person; it put stumbling blocks and hurdles in your ability to file, and it contends with specific instances after you file. What exactly these problems are will depend on your particular case, so you should speak with someone who practices Bankruptcy on an regular basis to help guide you through this process.

Regardless of the Chapter that you file, you will need to complete Mr. Casey's Bankruptcy Workbook. To get a start on this procedure, click below, print out the Workbook and complete it.

Bankruptcy Workbook

Approved Credit Counseling Agencies

Chapter 7 Bankruptcy can be a complete elimination of all your debts, depending on the type of debt you have. In most cases, you can keep your car, house, furniture, furnishings, personal and other items so long as you are current on the payments. This would allow you to "get rid of" credit card bills, doctor and hospital bills, repossession bills, some judgments and other debts.

This matter would require your full disclosure of all your finances and at least 1 appearance in Federal Court (Atlanta, Rome, Gainsville or Newnan, depending on where you live).

Generally speaking, currently the cost of a Chapter 7 bankruptcy is:

	Below the Medium Income**	Above the Medium Income**
Basic Minimum Fee	$1,300.00	$1,600.00
Filling Costs	299.00	279.00
Credit Report	35.00	35.00
Credit Counseling	TBD	TBD
Miscellaneous	16.00	16.00
Total	$1,555.00*	$1,855.00*

There may be additional amounts due to the circumstances in your case.

Mr. Casey does accept payments and you are on you own payment plan, but he does not file the case until the total amount has been paid.

For a "Normal" Chapter 7 walk through or process, click Here.

Chapter 13 Bankruptcy is a repayment plan that is paid out over a period of 3 to 5 years. You can pay all your debts in full or a portion of certain debts from nothing to dollar for dollar. The amount you pay and the length of time you pay is dependant upon your particular circumstances.

This works very good when your about to lose your house, car, about to garnished and so forth.

In a Chapter 13, a "Payment Plan" if figured out. This payment is calculated by determining how much you owe and how much you can pay. The payment is taken right out of your paycheck, before you even see it, and paid to the "Trustee" who pays certain bills for you (car, house arrearage, student loans, IRS, etc.). You are responsible for your current mortgage/rent, utilities and so forth.

My fee in a Chapter 13 is paid a little different, my fee is put into the Payment Plan and each month the Trustee pays me until I've been paid in full, you do not pay me directly (unless you retain me just before foreclosure). My total fee is $3,000*, which covers my services through the Confirmation Hearing. If additional service are required after Confirmation, then additional fees are incurred. These fees are pre-determined before your case is filed.

This matter would require your full disclosure of all your finances and at least 2 appearances in Federal Court (Atlanta, Rome, Gainsville or Newnan).

Generally speaking, the cost to start a Chapter 13 Bankruptcy is $279 for the filing fee, $35 per person for the Credit Report and the cost of the mandatory credit counseling.

For a "Normal" Chapter 13 walk-through or process, click Here.

*Fees are subject to change without notice or change to this page. Fees may also vary due to the uniqueness of your matter. It is important that you speak with Mr. Casey to get an exact amount for the cost of your matter.

**Medium Income depends on the number of people living in your home (usually as stated on your Tax Return) and changes periodically, at least annually. Theses changes are made by the US Trustee's Office and are based upon IRS Guidelines.

Unit 7H 707 Whitlock Avenue Marietta, Georgia 30067

Tel. 770/424-4535 Fax 770/427-9145

Attycasey@bellsouth.net

Copyright © 2009 David J. Casey