Are there things I should avoid doing before filing for bankruptcy?
If you are considering filing for bankruptcy, the first thing you should do is stop using your credit cards, don’t repay debts to family or friends, don’t transfer assets out of your name and don’t file on your own. It is important to seek legal advice as soon as possible, because bankruptcy attorneys can help […]
What are my ‘non-bankruptcy’ options?
There are many options outside of filing for bankruptcy to resolve debt. These options include debt consolidation, negotiating debt, and finding relief under state and federal consumer protection statutes. Each of these options have their pros and cons. During your free consultation we carefully consider your situation to make sure that there are non-bankruptcy options […]
Should I use a credit repair company?
Speaking with one of our bankruptcy attorneys first is always recommended. Bankruptcy may be the best option for you in your situation.
Will filing for bankruptcy cost me my job?
Not even close. The Federal Bankruptcy Code states that “no private employer may terminate the employment of, or discriminate with respect to employment against, an individual who is or has been a debtor under this title.”
Will I lose my home or car?
Not in every case. Many times, bankruptcy has saved homes from going into foreclosure. Chapter 13 provides more protection from foreclosure than many other options, but Chapter 7 can potentially save you from losing your car and your home.
Will creditor harassment stop of I file for bankruptcy?
Absolutely. Filing for bankruptcy will stop creditors and collectors from being able to attempt collection. Automatic stay is established on all your accounts once you file, this means that creditors and collectors must cease all collection attempts.
Will my credit score be damaged?
If you’re looking into filing for bankruptcy, your credit score is likely already damaged. However, in most cases, your credit score will improve after filing. Your score may be lowered initially, and your credit report may reflect the bankruptcy case for a few years. You can begin to rebuild your credit almost immediately after filing […]
What debts will be discharged?
Depending on which chapter have filed, your debts may be able to be discharged either automatically or in the future. Non-secured debts like credit card, medical, or specific loan types may be able to be discharged.