How To File Bankruptcy Chapter 7 Yourself In Ny. Advantages to chapter 7 bankruptcy. Some of these, however, may not apply to your case.
The fee may be paid by money order, certified check, or bank check payable to the clerk, united states bankruptcy court. Your case may be dismissed if you do not file the required documents on time. Whether you need to work out some type of repayment plan or you want to file for complete bankruptcy, we are here for you.
Individuals, families, and corporations can file for ny bankruptcy.
In this article, we discuss the advantages of chapter 7 and the disadvantages of chapter 13. The basic idea in a chapter 7 bankruptcy is to wipe out (discharge) your debts in exchange for giving up certain property. If your annual income is less than the. Chapter 7 bankruptcy is a liquidation where the trustee collects all of your assets and sells any assets which are not exempt.