Discharge rate. This is a term that's used to describe the completion or success rate of a bankruptcy. In 2021, there were 288,327 Chapter 7 filings and 120,002 Chapter 13 filings in the U.S.

A Chapter 13 plan can last from three to five years, but most plans are five-year plans. In cases filed between 2008 and 2010, about 41 percent of debtors who filed under Chapter 13 received a ...

Regardless of which way you go, Chapter 7 or Chapter 13 bankruptcy can give you a fresh start in managing your money. Frequently Asked Questions (FAQs) Can I get free help with my bankruptcy case?

Chapter 13 bankruptcy is often referred to as “wage earner’s bankruptcy” or “repayment plan bankruptcy.” It’s a type of bankruptcy used by individual consumers—specifically those who ...

Chapter 13 bankruptcy is a legal process that restructures ... Be prepared to pay a $235 case filing fee and $75 ... you may have to adjust your bankruptcy plan accordingly. Start making ...

Chapter 13 bankruptcy allows people with regular income to repay debts over time, protecting assets and recovering financial stability. To qualify, individuals must meet income and debt limits and ...

In this case, you can generally file for Chapter 13 immediately after filing a Chapter 7 case. Summary of Money’s Chapter 7 vs. Chapter 13 Bankruptcy is a tool that provides debt relief to those ...

Attorney fees: Chapter 13 cases typically range from $2,500 to $5,000, depending on the case’s complexity and geographic location. Court filing fees : The standard filing fee for a Chapter 13 ...

Chapter 7 bankruptcy typically wipes out debts faster, but may require liquidating assets. Chapter 13 involves a repayment plan and more property protection.