The filing or for a Chapter 13 bankruptcy is $313.
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Chapter 7 Filing Fee
The filing fee for a Chapter 7 bankruptcy is currently $338.
See https://www.ilnb.uscourts.gov/fee-schedule
Bankruptcy Discharge
The bankruptcy discharge will wipe out certain debts. To see what kinds of debts will be wiped out, see this link:
Mortgage Modification
Are you behind on your mortgage payments? You can call your mortgage company and see if they have any loan modification programs available.
Child Support and Bankruptcy
Certain debts will not go away in a bankruptcy. Child support is one of these.
Bankruptcy Court website
Here is the link to the bankruptcy court for most of the Chicagoland area: https://www.ilnb.uscourts.gov/
Car Repossession
Bankruptcy can be a way to prevent a car repossession, as long as you still have the car.
Payment History
Your payment history is a big part of your credit score. It counts for more than a third of your credit score. If you are late on payments for credit cards, department store credit cards, car loans and mortgages, this will bring down your credit score.
Student Loans
Whenever possible, try to get federal student loans rather than private student loans. The federal student loans give you more protection. They also have more clear cut rules and applications about repayment and deferment.
Car Loans
A car loan can help you build up your credit score. If you make regular payments, it will build your credit over time. Be careful to not buy more car than you can afford.
