Most filers pay into a 5-12 months prepare. Those who qualify for Chapter seven will have the option of A 3-12 months plan but usually go While using the more prolonged plan—generally because the lower monthly payment raises the chance the court will affirm or approve it.Also, the chapter of bankruptcy you choose to file will impression how your

Even though Chapter 11 bankruptcy is designed for companies, it's an option for some people as well. When you have substantial-conclude serious property, for instance a multimillion-greenback home, that you want to protect throughout the bankruptcy procedure, Chapter 11 may well supply you far more security than Chapter thirteen and should be your