cost bankruptcy california

Can someone tell me about bankruptcy or refer me to a site that education on the different types of BK?

and how to do it go? And what the repurcussions (sp?) Where? I am pleased with $ 100k in debt .. Between a student loans, car loans and various credit cards .. I begin to believe this is my only way out, because I work under the table and not a home equity loan .. How much is BK's anyway? I am in California .. Thanks …. I am 21 years old .. still young enough to explain, and bounce back .. You do have a lawyer for you?

There are a lot of websites out there that go about this, but you can probably answer all your questions in an interview a few lawyers. Most give you a free consultation and help You in your exact situation. There are two types of bankruptcies. Chapter 7 is basically liquidation. This is all your debts are cleared. However, the government has made it much more complicated also file a Chapter 7. First you have 2 means tests exist. It is when you earn more than the average income for your state, for this will be a CA be fairly high number, so it might work to your advantage. The second is when you have enough disposable income to repay all or part of your debt have in 3-5 years. If you fail one of these you will probably be forced into Chapter 13. This is a re-payment of bankruptcy. Here are payments over a period can adjust. Then at the end of that time your remaining debt will be erased. A few other points to note. 1. Student loans are not dischargeable in a Bankrutpcy. This means that even after bankruptcy you still owe on it. 2. Since you work "under the table," can cause problems coming out in the open, as you all your income to explain. The trustee's are pretty good about detecting things like this, and when they review your case, you may have to answer some serious questions. The last thing you want is all the revenue that you lie on your bankruptcy. If the income does not match your tax return and your expenses do not seem match, you will have problems. What costs can be expected everywhere in the $ 1800 – $ 3000 range, depending on how complicated and file bankruptcy for you. You can do it yourself, but to do so you have driven very detailed. If you do not miss a step or file something right could be subject to your bankruptcy dismissed.

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