How long?

Hi Guest,

You may wish to check out the government's Chapter 7 page for more detail.

Have you already gone through a credit counseling? It is required.

Technically, you can file yourself and save quite a bit of money. Even the necessary forms are online.

But the fee is normally around $1500 with an attorney, and yes, attorneys usually charge up front.

That stay happens as soon as you actually file with the Bankruptcy court.

Hope this helps,

chrys

I just read something in the Chapter 7 page that you linked to above.

In chapter 7 when the case gets started they talked about " and estate" being temporarily formed. The way I read it even property that I own with someone else becomes part of that "estate". So does that mean that a motorcycle I own with another person then becomes something they can deem part of the estate?

Hi Guest,

I am not ignoring you, I promise! I asked an attorney about this but I have not yet received a response.

Apparently, someone who knows the answer hasn't read this thread yet!

But, as far as I know, and I say it with reservation, they are gathering the "estate" to determine whether liquidation is in order or not. I think you should be ok with the co-owned bike, you do not have to actually put it INTO the bankruptcy, even though you have to declare it as an asset. As long as you don't have a lot of equity in it, you should be alright. It other words, if you have a fully paid for custom-made Harley trike they just might liquidate it for disbursal to creditors.

Hope this helps,

chrys