FAQ Tag: Bankruptcy

A reaffirmation agreement allows you to keep a secured debt, like a car loan, and continue making payments in exchange for keeping the collateral.

Yes, your bankruptcy case can be dismissed for various reasons, such as failing to meet filing requirements, not attending the 341 meeting, or not making plan payments in Chapter 13.

While you can file for bankruptcy without a lawyer, it’s strongly recommended to seek legal counsel. Bankruptcy is a complex process, and an experienced attorney can guide you through it, protect your rights, and ensure the best possible outcome.

Chapter 7 involves liquidating assets to pay off debts, while Chapter 13 allows you to keep assets and repay debts over time. The best option for you depends on your income, debts, and assets. Our attorneys can help you determine the right path.

The 341 meeting is a brief hearing where creditors can ask you questions about your debts and assets under oath. Your attorney will be present to represent you and ensure the process goes smoothly.

Yes, you’ll typically need to attend a 341 meeting of creditors in bankruptcy court. However, it’s usually a brief meeting where your attorney will represent you. Kostopoulos Bankruptcy Law will prepare you for the meeting and ensure a smooth process.

Yes, filing for bankruptcy triggers an automatic stay, immediately halting wage garnishment and other collection actions. Our attorneys can help you utilize bankruptcy to protect your wages.

Yes, medical bills are generally dischargeable in bankruptcy, providing significant relief from overwhelming medical debt.

Bankruptcy can discharge most unsecured debts like credit card debt, medical bills, personal loans, and certain business debts.

Certain debts like most student loans, child support, alimony, and some taxes are typically non-dischargeable. Kostopoulos Bankruptcy Law can clarify which debts you can eliminate through bankruptcy.