<!-- Global site tag (gtag.js) - Google Analytics -->

              800-273-3731                       Low Cost Bankruptcy     Helping Clients Since 1989 

CHAPTER 7 

X
Chapter 7 bankruptcy, also known as straight bankruptcy, is usually what most people think of when they hear the word bankruptcy.
 
  • Chapter 7 is the simplest form of bankruptcy.

  • Filing bankruptcy under Chapter 7 wipes out most of your unsecured debts.  

  • The Bankruptcy Code lets you keep property up to a certain dollar value through a series of state or federal exemptions.  

  • Any non-exempt property must be surrendered to a court appointed trustee who will sell such property for the benefit of your creditors. In reality, the vast majority of those who file never have to surrender any property since most property is covered by exemptions.

  • After filing your bankruptcy petition, you must attend a hearing before a judge or court appointed trustee.  If there are no objections, all of your unsecured debts are eliminated and you can begin to make a "Fresh Start".

In order to qualify for Chapter 7, you must complete a process called the Means Test. Although the test is a complicated process involving income and expense analysis, most people pass and are able to file bankruptcy. The hardest part of the test for most people is gathering up all of the information needed to perform the analysis.      
 

                                    LOW COST CHAPTER 7 BANKRUPTCY

Only $995.00 For Most Individuals and Couples Including all Costs and Fees.       

                     Call Attorney Steve Rei at 800-273-3731.

                 Online, Telephone or In-Person Consultations Available.

 
If you’re ready make a fresh start in life contact Attorney Steve Rei to start your bankruptcy case - he is ready to help. Give us a call at 800-273-3731 today to speak with a bankruptcy attorney and get started on your case.

 

                                                                                                                                                                             
The Law Office of Attorney Stephen Rei is a debt relief agency helping people to file for bankruptcy protection under the United States Bankruptcy Code. The information presented on this website is for debtor education only.  No attorney-client relationship is created until you have consulted with our attorneys and signed a fee agreement.  If you have any questions, please contact our office directly for a free consultation.

CHAPTER 13

X
Chapter 13 is often called Individual Reorganization.

Under Chapter 13 you must submit a repayment plan in which you must pay all or part of your debts for a period from three to five years.
 
In your Chapter 13 plan, you submit a debt repayment plan to the court appointed Chapter 13 Trustee for approval.
 
All of your creditors are paid some portion of the balance you owe them.
 
An approved Chapter 13 plan stops your creditors from taking action to collect what you owe provided that you keep making your plan payments.
 
To be approved, your Chapter 13 plan will require you to live a frugal life and pay your discretionary income to the Trustee for a period of 3 to 5 years.  
 
A reasonable budget plan will be needed for your plan to succeed.
 
Your Chapter 13 plan must pass two tests:
 
  • The BEST INTERESTS TEST -mandates that unsecured creditors be paid at least as much as they would receive if you filed a Chapter 7 instead of a Chapter 13.

  • The BEST EFFORTS TEST - requires that you pay all your disposable income (the amount left over after paying reasonable living expenses) to the trustee for at least the first 36 months of your plan.

If your monthly income is more than the median for your state, allowable expenses will be based on IRS standards for the area.  
 
If your income exceeds these IRS levels for your state, your Chapter 13 plan must run for five years.
 
If your income is below these IRS levels for your state, your Chapter 13 plan will be for a period of at least three years.                                                                                                      

When you complete payments under your Chapter 13 plan you’re done !

Any balance not paid to your creditors is discharged.  Your creditors will be happy since they received some of what you owed them and your credit score should be better than if you filed Chapter 7.

                                   LOW COST CHAPTER 7 BANKRUPTCY

Only $995.00 For Most Individuals and Couples Including all Costs and Fees.       

                     Call Attorney Steve Rei at 800-273-3731.

                 Online, Telephone or In-Person Consultations Available.

 

If you’re ready make a fresh start in life contact Attorney Steve Rei about bankruptcy - he is ready to help. Give us a call at 800-273-3731 today to speak with a bankruptcy attorney and get started on your case.

 

The Law Office of Attorney Stephen Rei is a debt relief agency helping people to file for bankruptcy protection under the United States Bankruptcy Code. The information presented on this website is for debtor education only.  No attorney-client relationship is created until you have consulted with our attorneys and signed a fee agreement.  If you have any questions, please contact our office directly for a free consultation

BANKRUPTCY FAQs

X


1. Will I ever get credit again ?  

Yes - in fact most people get new credit within one year of their bankruptcy discharge.

2. How will bankruptcy affect my credit?

Bankruptcy could affect your credit for up to seven years after filing. However, if you establish new credit and pay all of your bills on time your credit score should increase with each passing year.

3. Will l I ever be able to buy a house or a car again ?

Yes - if you have a steady income you will be able to buy a car within a very short time after your bankruptcy discharge. Getting a mortgage, however, will probably take three years or more.

4. Will I lose all of my property ?

No.  The bankruptcy code gives every debtor exemptions that allow you to keep various kinds of property up to a certain value. These exemptions will be covered in detail during your initial consultation.

5. Can I file bankruptcy without a lawyer ?

Yes - we live in a free country.  However, sections of the bankruptcy code are complex and not easily understood. There is a great deal of advice available on the internet - some of it good, some of it bad. An experienced bankruptcy lawyer will ensure that you get all of the relief to which you are entitled under bankruptcy law.

 

                                 LOW COST CHAPTER 7 BANKRUPTCY

Only $995.00 For Most Individuals and Couples Including all Costs and Fees.       

                     Call Attorney Steve Rei at 800-273-3731.

                 Online, Telephone or In-Person Consultations Available.

 

If you’re ready make a fresh start contact Attorney Steve Rei to get your bankruptcy case started - he is ready to help. Give us a call at 800-273-3731 to speak with a bankruptcy attorney and get ready to move on with your life.

 

The Law Office of Attorney Stephen Rei is a debt relief agency helping people to file for bankruptcy protection under the United States Bankruptcy Code. The information presented on this website is for debtor education only.  No attorney-client relationship is created until you have consulted with our attorneys and a fee agreement is signed.  If you have any questions, please contact our office directly for a free consultation

Why Choose Us

X

Here at the Law Office of Attorney Steve Rei, we understand that your financial situation has already caused you enough stress. That’s why we have tailored our services to make a complicated and sometimes daunting process more tolerable for our clients. 

Filing for bankruptcy is a complex, life-changing decision. Our years of experience will help guide you through this difficult process to a point where you can make a fresh start in life.

 

To make your bankruptcy case as stress-free as possible, our highly trained staff will assist you in the following ways:

We keep you informed and involved every step of the way - You shouldn’t have to wait to hear from your attorney or constantly have to request updates. We take on the groundwork for your bankruptcy case so that you can focus your time and energy on other things.

We complete all the paperwork - Your bankruptcy is driven by documentation – lots of it. We will handle every piece of documentation required by the bankruptcy court.  We know exactly what the court needs and how they want to see it, from start to finish.

We can request your tax returns if you don’t have them - We know tax returns are often misplaced, lost and challenging to reproduce. If you don’t have copies we can retrieve all your needed tax documents from the IRS for a small fee.

We attend all of your court hearings - Depending on how complex your case is, you may have to attend several court hearings. We have the resources to attend every hearing. In many instances, we can handle most proceedings without you needing to be present.

We can obtain same-day credit reports - Obtaining an accurate credit report is essential to your bankruptcy case. It costs you additional fees to add any creditors that were missed after the initial filing. For a small one–time fee (usually $20 for singles or $40 for couples) we can obtain your credit reports. This is not required but we highly recommend it. Free credit reports obtained elsewhere may not be as accurate.

                                  LOW COST CHAPTER 7 BANKRUPTCY

Only $995.00 For Most Individuals and Couples Including all Costs and Fees.       

                     Call Attorney Steve Rei at 800-273-3731.

                 Online, Telephone or In-Person Consultations Available.

 

If you’re ready make a fresh start contact Attorney Steve Rei - he is ready to help. Give us a call at 800-273-3731 to speak with a bankruptcy attorney and get started on your case.

 

 

The Law Office of Stephen A. Rei is a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.  Disclaimer: This website contains general information about bankruptcy. It is highly recommended that individuals with debt problems seek the advice of an attorney. The information on this website is not intended to be legal advice and is given for general knowledge only.

Low Cost Bankruptcy 

X

                                  LOW COST CHAPTER 7 BANKRUPTCY

      Only $995.00 For Most Individuals and Couples Including all Costs and Fees.       

                               Call Attorney Steve Rei at 800-273-3731.

                 Online, Telephone or In-Person Consultations Available.

 

When facing financial difficulties most people have several bankruptcy options available depending on how much they owe, what assets they have and their income level. Call Atty Steve Rei at 800-273-3731 today. Online and In-Person Appointments Available.

Click either Chapter 7 or Chapter 13 under the Filing Options above for more information.

COST TO FILE

X

 

                                LOW COST CHAPTER 7 BANKRUPTCY

Only $995.00 For Most Individuals and Couples Including all Costs and Fees.       

                   Call Attorney Steve Rei at 800-273-3731.

                 Online, Telephone or In-Person Consultations Available.

 

If your case is more complex, professional fees can run anywhere from $1,000. to $5,000 for those who are millions of dollars in debt or business owners or if you have a unique situation like tax problems or criminal cases. For most individuals, professional fees are less than $5,000. For those with a business, professional fees are usually less than $10,000. Regardless of your level of debt, the Law Office of Stephen A. Rei will do everything possible to keep our professional fees to a minimum while providing zealous representation of your interests.

COSTS

Depending upon which type of bankruptcy that you file for, costs are usually less than $2,500. Chapter 7 bankruptcies typically have the lowest costs. Chapter 13 bankruptcies have slightly higher costs. Chapter 11 bankruptcies, because of their many complexities have the highest costs.  For most individuals, costs are usually from $500. to $1,000.

Costs include court filing fees, credit report fees, tax document fees, title search fees and lien search fees as determined by the needs of each individual filer.

Wills, Trusts & Probate

X

Wills, Trusts & Probate

Many individuals shy away from developing a comprehensive estate plan due to the unsettling nature of the topic. Considering how your assets are distributed after you pass away can ultimately be a disturbing process. An experienced attorney, however, can guide you through with a combination of compassion and professionalism.

At the Law Office of Stephen A. Rei we strive to provide exceptional service to our clients no matter how complex or straightforward the situation. We understand that a comprehensive estate plan is the most efficient way to ensure your wishes are met. This process affords a certain level of power to individuals who would like to determine who gets what when.

Answering Your Questions About Estate Planning and Probate

While headquartered in Venice, Florida, our firm represents clients in surrounding communities and throughout Florida and Massachusetts. We   can provide the legal advice and representation you need in a wide range of practice areas, including:

  • Preparation of wills: We assist clients in the preparation of wills, simple estate plans, powers of attorney and health care proxies.
  • Settlement of estates: We provide legal representation for estates from the time of death through the distribution of assets and conclusion of the probate process.
  • Probate: We represent clients as they navigate the probate process following the death of a loved one. This process can include notifying heirs, verifying the will or trust, distributing property and settling the deceased's debts.

Whether you need a lawyer for estate planning or you need a probate attorney, contact our firm. We will thoroughly examine your situation and develop a plan that accomplishes all of your goals.

If you have further questions regarding the drafting of wills, trusts or the probate process, please contact the Law Office of Stephen A. Rei at 800-273-3731 or send an email to: steverei@gmail.com.

Click here to edit text

Contact 

X

205 W. Venice Ave, Suite 204

Venice, FL 34285

Phone: 800-273-3731

Fax: 508-986-7088

Email: steverei@gmail.com

www.attysteverei.com

Contact Attorney Steve Rei




What's + ?

Share this site