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Monday, 16 May 2011

What steps can I take before filing for a chapter 7 or 13 ?

Consolidate your debts, i.e make an arrangement with your creditors to pay a set
amount off at a regular interval say weekly or monthly.
Chapter 13 bankruptcy will require you to pay off some of your debt that is owed.
Chapter 7 will require you to liquidate all your assets and pay back to your creditors.

Which debts can't be discharged using chapter 13 or chapter 7 bankruptcy?

Child support payments
Taxes
Criminal fines, such as parking tickets
DUI driving under the influence

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