IF YOU CAN'T FIND THE ANSWER TO YOUR QUESTION OR HAVE ADDITIONAL QUESTIONS, PLEASE E-MAIL ME  OR CALL 631-351-1047.  THERE IS NO CHARGE FOR AN INITIAL CONSULATION OR FOR PROVIDING ANSWERS TO GENERAL QUESTIONS.


What does it cost to file for bankruptcy?

     Chapter 7    -----  The court charges $200.00.  My average fee is $600.00.
     Chapter 13  -----  The court charges $185.00.  My average fee is $1,500.00.
     Chapter 11  -----  The court charges $830.00.  I charge by the hour for Chapter 11 bankruptcy work.

Can I keep my car? 
(This is only a question if you file a Chapter 7 bankruptcy.  It is not applicable if you file a Chapter 13 bankruptcy.)  

    If you file a Chapter 7 bankruptcy, the answer in general depends on the value of your car and the amount left on your car loan.  You can keep your car if the following calculation equals $2,400.00 or less:

                    The value of your car

                    minus

                    The amount left on your car loan.

     If it equals more than $2,400.00 then the following will happen with your car if you file a Chapter 7 bankruptcy:  (1)  you may be required to give up your car; (2) you can keep your car; or (3) you must pay for the right to keep your car.  If it equals more than $2,400.00, the final answer about your right to keep your car depends on your entire financial situation, and requires an analysis by a qualified bankruptcy attorney.

USEFUL AND INFORMATIVE LINKS

UNITED STATES BANKRUPTCY COURTS-OFFICIAL WEB SITE
   A Guide Explaining the Basics of Bankruptcy is Available to Download by Clicking on the link "Bankruptcy Basics (PDF)