Low Cost Bankruptcies

If you want to save your money on filing a bankruptcy, the only expenses that may be lowered are attorney and application fees.

Chapter 7 Bankruptcy is as serious a bankruptcy there is. Once you are accepted for it your assets are sold off and most of the debt you have is eliminated. Chapter 13 Bankruptcy is a lot less serious in that all you are essentially getting is a consolidated loan with good interest rates, which is used to pay off all of your creditors.

Chapter 13 and Chapter 7 Bankruptcies aren't the only ones, they are just the most common. Chapter 11, for instance, is commonly used by corporate entities.