How to File Chapter 13 Bankruptcy Online
Filing for any form of bankruptcy can feel nerve-wracking and stressful. Knowing you have to go to the courthouse to file forms and put together so much information can seem daunting. File chapter 13 bankruptcy online to get the process started more easily.
DoNotPay can help. We'll start the filing process for you so debt collectors are no longer able to come after you for the money that's owed. We want to help you improve your financial situation as soon as possible so you can get back on your feet.
What is Chapter 13 Bankruptcy?
Chapter 13 bankruptcy helps individuals come up with a repayment plan to handle their debts. In this scenario, your assets are protected and you don't have to give anything up in order to utilize it. However, you must have suitable income to handle this repayment plan. Otherwise, you will not be approved for it and may need to go the chapter 7 route.
What Requirements Do I Have to Meet?
Not everyone is eligible for Chapter 13. You have to:
- Have less than $394,725 in credit card bills
- Have less than $1,184,200 in mortgage and car payments
- Be compliant with any creditors who have attempted to take you to court
- Complete a credit counseling course up to 180 days before your filing date
- Prove that you have the income to handle your regular monthly payments on top of the repayment plan amounts
How Much Does it Cost to File?
The cost to file varies from state to state. However, you can typically expect it to cost at least:
|$313||For the initial filing process|
|$50||For a credit counseling course|
|Potentially thousands of dollars||For attorney fees|
What Documents Do I Need to File?
You must print or receive the bankruptcy filing forms. These can be compromised of up to 70 pages. You'll also need:
- A 609 letter (or debt verification letter) proving what debts you owe and to whom
- Copies of your last 2 tax returns (Although you had to have filed for the past 4 years to even qualify)
- A copy of your driver's license
- A copy of your social security card
- Income records for the past 6 months, including pay stubs or a W2
- Bank account statements
- Retirement account statements
- Mortgage information
- A living expense report
- A certificate for your credit counseling completion
Some of these documents get filed with your paperwork, and some are given to your trustee to handle your case.
What are the Downsides to Filing Chapter 13 Bankruptcy?
There are various downsides to filing chapter 13 bankruptcy. First, you must meet several criteria in order to even qualify. Second, you will have a monthly payment to handle on top of your primary bills. A bankruptcy also goes on your credit report, lowering your score. It can stay there for up to 7 years.
What Other Types of Bankruptcy Options Do I Have?
Chapter 7 and Chapter 11 bankruptcies are the two other choices. These types of bankruptcies vary from Chapter 13 in that they stay on the credit report for up to 10 years, instead of the 7 that Chapter 13 filers see. While individuals are allowed to use any of the 3 types, Chapter 11 is primarily intended for businesses.
Filing Online Yourself
To file yourself, you should start by going to the website for your local county clerk and find the available forms. You should complete the credit counseling course first so you have the certificate available as proof. After you've filed and met with your trustee, you should have a plan set in motion that helps you repay all of your debts.
Filing Online With DoNotPay
DoNotPay allows you to file chapter 13 bankruptcy online easily. You simply answer a few questions and provide the important financial records, and we handle the rest of the process.
- Search for File for Bankruptcy on DoNotPay.
- Put together a list of your debts, expenses, and assets. If you need help accessing information like your credit report, DoNotPay can help you get your report.
- Let DoNotPay walk you through your bankruptcy options and help you determine whether a Chapter 7, Chapter 12, or Chapter 13 bankruptcy is right for you.
- DoNotPay will then help find the best credit counseling course near you, which you need to complete before filing your bankruptcy forms.
- Lastly, DoNotPay will gather all of the forms you need (including available fee waivers) and help you locate your nearest bankruptcy court. All you have to do is complete the required forms, prepare your filing fee, and file the application with your local court.
DoNotPay Does More!
Filing for bankruptcy is a stressful matter. It isn't the only difficult situation you might face, though. DoNotPay vows to help you face your biggest dilemmas so you don't have to handle them alone. We'll help you:
- Learn about the Freedom of Information Act
- Get legal documents standardized
- Get a Travelocity refund
- File a complaint against any company
We can also assist you with any other pressing concerns that you're struggling to figure out.