SEPT/OCT 2014
9
ter 13 offers a grace period. Any
debts remaining at the end of the
grace period are discharged.
Be aware, however, that filing bankruptcy has a dark side.
Except in rare instances, it doesn’t
discharge debts from mortgages,
student loans, taxes, alimony
or child support. You can file
for bankruptcy for about $300
without a lawyer, but the laws are
complicated.
“In considering bankruptcy,
it’s important to understand the
Homestead Exemptions applicable to your state, as those laws
may protect your home and your