You can ask the court to let you pay the fee in monthly installments. If you’re in a hurry to file for bankruptcy because a creditor is starting proceedings to garnish your wages but you can’t afford the $338 filing fee, you have options. The stay means that during the bankruptcy action your creditors can no longer come after you to collect on your debts. As soon as this happens, an automatic stay goes into effect. Once you file your bankruptcy case, the court assigns you a case number. (See Virginia’s Fee Waiver Eligibility table below.) When you file your documents, the court clerk will require you to pay the fee. You may be able to get the court to waive the fee if your current income is below 150% of the poverty guidelines. In Chapter 7 bankruptcy, the filing fee is $338. Also, you may be able to get the bankruptcy court to waive your filing and credit counseling fees if your income is low enough. Fortunately, you don’t have to hire a lawyer to help with your bankruptcy case. Attorney fees are the most expensive cost of bankruptcy. Chapter 13 bankruptcy is usually more expensive than Chapter 7 bankruptcy, and you have to have a steady income to file, so most individuals file for Chapter 7 bankruptcy instead.Ĭhapter 7 bankruptcy costs include court filing fees, credit counseling fees, and attorney fees. When your debts are discharged in bankruptcy, this means you no longer owe the debt, and creditors can’t try to collect on it.Ĭhapter 13 bankruptcy, often referred to as reorganization, is used to prevent a person’s property from being sold off.
Chapter 7 bankruptcy is known as liquidation, and it’s a way to get certain debt discharged. Usually, people file Chapter 7 or Chapter 13 bankruptcy. No matter what state you live in, filing for bankruptcy is covered by federal law set out in the federal Bankruptcy Code.
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How To File Bankruptcy for Free in Virginia Moreover, the Chapter 7 bankruptcy process usually lasts between four to six months. The good news is that filing for Chapter 7 bankruptcy isn’t very complicated, and you don’t have to hire a bankruptcy attorney to do it. But this doesn’t bring everyone the relief they need. You could alternatively sign up for a debt relief program and restructure your debts with a repayment plan. If you’re facing significant debt and you’re worried you can’t pay it, you may want to consider filing for bankruptcy to get a financial fresh start.īankruptcy isn’t the only approach to debt relief. Millions of Americans are struggling to make ends meet, and they’re saddled with debts on student loans, credit cards, medical bills, homes, or vehicles. Western District of Virginia RequirementsĬonsumer debt in America has increased significantly in the past few years.Eastern District of Virginia Requirements.Virginia Districts & Filing Requirements.How To File Bankruptcy for Free in Virginia.
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