Frequently Asked Questions

  • Q: Under what conditions should I consider bankruptcy?

    Everyone would wish to pay off all their debts. However, in situations where a debtor cannot reach an agreement with the creditor, if they are threatening and harassing them with legal documents, they have a right to consider filing for bankruptcy.

    If you find yourself in a position where you have more legal debt than you are able to pay, the bankruptcy option can protect your assets and personal property including home, cars and future income.

  • Q: Does Bankruptcy mean losing my home, income, and assets?

    No. This almost never happens. A few stats have different exceptions laws that range from mean to quite generous to people who go bankrupt. Most states allow the bankruptcy filer to protect their homestead and equity with conditions. Furniture, cars and other assets are always protectable as well.

    Bankruptcy is not a legal write-off. The primary task of a bankruptcy law firm is to ensure that all legal channels are exhausted in filing claims and dealing with debtors to give the filer soft landing to start afresh.

  • Q: Can I still file for bankruptcy if a creditor has initiated legal action against me?

    Yes. When you file for bankruptcy, you will stop all any ongoing collection activities. This means the court will put on hold any foreclosures, repossessions, and garnishment.

  • Q: What do the Chapter 7 and 13 bankruptcy laws say?

    In the legal circles, the Chapter 7 is the most popular bankruptcy provision code. Simply put, it says what when an individual or a joint bankruptcy filers have assets or income values that exceed set limits, they may get relief on their unsecured debts. Note, however, that there are some unsecured debts that are not dischargeable. Examples are student loans, taxes, and child support.

    Bankruptcy attorneys with detailed knowledge and experience in how bankruptcy work help individuals defend themselves against further demands. A legal representative ensures that legal documents are filed correctly and in a timely manner, representations and negotiations, and responding to bankruptcy-related demands.

  • Q: What services do I need to file bankruptcy smoothly?

    Every bankruptcy application is unique in many ways. This is why it is important that every filing is received and examined by a team of bankruptcy attorneys and other experts. Before you file for bankruptcy, talking to an expert is necessary to make sure that filing is the right move in the first place. It is important that a bankruptcy attorney is involved from the very initial steps of considering filing for bankruptcy.