How Much Does It Cost To File For Bankruptcy In California??

It now costs $306 to file for bankruptcy under chapter 7 and $281 to file for bankruptcy under chapter 13, whether for one person or a married couple.

The court may allow you to pay this filing fee in installments if you cannot pay all at once.

How do I file for bankruptcy in California myself?

To file bankruptcy in California, first you’ll need to complete an approved credit counseling course within 180 days before filing your case. Then, once you’ve obtained your certificate, you can file for bankruptcy. Keep in mind that there are 4 categories of bankruptcy, called Chapters 7, 11, 12, and 13.

Can I file bankruptcy and keep my house in California?

Bankruptcy Filing. Under a Chapter 7 bankruptcy, the bankruptcy trustee can sell your home to pay your creditors. If you have little to no equity in your home, you don’t have to worry. The California Homestead Exemption protects your home’s equity up to a certain point.

What is Chapter 7 bankruptcy in California?

In a Chapter 7 bankruptcy you wipe out your debts and get a “Fresh Start”. Chapter 7 bankruptcy is a liquidation where the trustee collects all of your assets and sells any assets which are not exempt. (see California Exemptions) The trustee sells the assets and pays you, the debtor, any amount exempted.

How do I file for bankruptcy in California without a lawyer?

The following is a list of ways your lawyer can help you with your case.

  • Advise you on whether to file a bankruptcy petition.
  • Advise you under which chapter to file.
  • Advise you on whether your debts can be discharged.
  • Advise you on whether or not you will be able to keep your home, car, or other property after you file.

How do I qualify for Chapter 7 in California?

If you would like to file a Chapter 7 bankruptcy you must pass the California means test. The test only applies to higher income filers which means that if your income is below the California median for your household size you are exempt from the test and may file a Chapter 7.

How long does it take to file Chapter 7 in California?

How Long Does Chapter 7 Bankruptcy Last? In most cases, it takes approximately three to four months to complete a Chapter 7 bankruptcy and obtain a discharge. However, if you have a complex case or creditors object to your discharge, it can take longer.

Photo in the article by “National Park Service”