$1000.00 For Simple Chapter 7 Bankruptcy*
I’ll represent you in a simple chapter 7 bankruptcy case. The fee excludes the $335 filing fee and the fee it will cost you to get the mandatory credit counseling (which can range from $10-$30). Most attorney’s charge in excess of $1500, excluding the court filing fee and other hidden fees.
* Fee excludes the $335 court filing fee and credit counseling fee.
Before filing for bankruptcy, there are a number of actions that you need to take to prepare for bankruptcy:
- DO NOT KEEP MONEY THAT YOU USE TO PAY YOUR LIVING EXPENSES IN A BANK ACCOUNT. In California, Wells Fargo Bank and Union Bank will freeze your account after you file bankruptcy. They do this supposedly to safeguard the funds until the bankruptcy trustee either pays out the money to creditors or returns the money back to the debtor. The wise thing to do if you have an account with any of these banks is not to keep large sums of money in the account. It usually takes several days for the funds to be released back to the debtor.
- DO NOT KEEP MONEY IN A BANK WHERE YOU ALSO HAVE A CREDIT CARD WITH A BALANCE. Another situation when a bank may take your money is when you have a credit card account with the bank. In this situation, the bank can legally take money from your account in order to satisfy the debt. Our advice to you is switch your bank account if you owe on a credit card with a bank that you have an account with.
- Attend a mandatory Pre-Bankruptcy Credit Counseling Briefing. After completing this course, you will receive a certificate of credit counseling. The certificate is necessary before you can file for a personal bankruptcy. I recommend Start Fresh Today Instructional, LLC as a provider of the mandatory bankruptcy counseling.
- My attorney code with Start Fresh Today is mosesi3241. By entering my attorney code when purchasing the credit counseling class, Start Fresh Today keeps me updated as to when you have completed the class and emails me a copy of your certificate so that I can file it with the bankruptcy court.
- You must also attend a Debtor Education Course after your case is filed. You must provide proof of completion to the bankruptcy court in order to get the final discharge. Once the bankruptcy case is filed, I will provide you with the case number and instruct you to complete the debtor education course. You have 90 days front he date of filing of the bankruptcy to complete this second class. If the second class is not completed and the certificate filed with the court, you will not get a discharge.
- Gather all your current credit card bills, collection letters,lawsuits, credit reports, utility bills, mortgage statements and any other documents that show proof of owed debt.
- Get a recent copy of each bank statement in your and your spouse’s name (regardless if your spouse is filing with you).
- Get a free copy of your credit report from www.annualcreditreport.com. I prefer the Experian report. You can get all three major reports from www.annualcreditreport.com. You may also call 877-322-8228 to request a copy of your report by phone. You will have to provide your SSN number, address, date of birth and zip code.
- Get copies of your pay stubs for the past six months from your employer(s). You must have each and every check stub for the previous six months before the date of filing. These will help me determine your eligibility under the means test. If you are married, the income of your spouse is taken into consideration to determine if you qualify for bankruptcy. Please get copies of your spouse’s check stubs for the past 6 months as well.
- Obtain a copy of your most recent federal tax return or tax transcript. You may request a transcript from the IRS either online or by mail by visiting the IRS.gov website.
- Also get a copy of you life insurance policy, and recent statements for your 401k statement(s), pensions, retirement accounts, stocks, and bonds. If you are married, your spouse’s statements are required as well.
- Get a copy of your most recent mortgage and home equity statements.
- The most recent statements for cars that you lease or finance.
- You can also download the bankruptcy checklist here.