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Keep your balances low or at zero and pay on time. Though it will take a few years to achieve an 800 credit score after bankruptcy, you can begin to rebuild your credit successfully.

There is a $338filing fee for Chapter 7 bankruptcy. You need to pay this or apply for a waiver or to pay in installments when you submit your bankruptcy petition. If your income falls below 150% of the state poverty guidelines, you may be eligible for a fee waiver.

While it may feel odd to pay fees to tell the courts you don't have enough money, you typically have to pay court fees to file for bankruptcy. The filing fee for a Chapter 7 bankruptcy is $338, while the filing fee for a Chapter 13 bankruptcy is $313.

?Chapter 7 applications get denied more often than people think,? Derek Jacques, of The Mitten Law Firm, in Michigan, said. ?In my experience, about 15% don't even get approved. From there, they can be dismissed before the process is completed for a lot of reasons.?

The Bankruptcy Court charges filing fees: $335 for Chapter 7 bankruptcy. You can ask to waive the fee if your income is lower than 150% of the federal poverty guidelines and you cannot afford the fee or you can ask to pay it in 4 smaller payments called installments.

After her case was dismissed she filed a new case and received a discharge. To summarize, 100% of the clients who filed chapter 7 obtained bankruptcy protection, and 99% of the cases received a chapter 7 discharge. There simply is no more effective way out of debt. Chapter 7 relief is immediate.