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Most Chapter 7 cases take from four to six months to complete. It might take longer if any number of things happen, such as: you need to provide more information or documents. the bankruptcy trustee must sell property, or.
Make sure Chapter 13 is the right choice. Analyze your debt. Value your property. Gauge your income. Fill out the bankruptcy forms. Take the required pre-filing course. File your forms and pay a fee. Provide the trustee with documents proving your income and other assets.
You can't have more than $1,257,850 in secured debt or $419,275 in unsecured debt if you want to file for Chapter 13 bankruptcy (these amounts are adjusted every three years and are valid through April 2021).
To qualify for Chapter 13 bankruptcy: You must have regular income. Your unsecured debt cannot exceed $394,725, and your secured debt cannot exceed $1,184,200. You must be current on tax filings.
The filing fees in a Chapter 13 case are $310. This figure is accurate as of December 1, 2016. To stay on top of the latest fees, visit the web sites for the bankruptcy courts in Texas. United States Bankruptcy Court for the Eastern District of Texas, Fee Schedule.
If the debtor loses or misplaces the discharge order, another copy can be obtained by contacting the clerk of the bankruptcy court that entered the order. The clerk will charge a fee for searching the court records and there will be additional fees for making and certifying copies.