Should I file for Bankruptcy?

This is an important decision that you should base on your individual circumstances after consulting with an attorney to see what your rights and responsibilities are.

Will I stop getting harrassed by creditors?

Yes!  The phone calls and mail will stop.  If they don't you should immediately contact your attorney.

Will I lose my home or car if I file for bankruptcy?

The simple answer is "no."  In most cases an agreement can be reached with your lender to make sure you hold on to your property.  If you are behind in your payments you should immediately let your attorney know, so that he or she can make appropriate arrangements.

My friend told me I can never get credit again if I file for bankruptcy. Is this true?

No.  Many people worry about bankrupcty and its effect on their credit.  The fact is most people seeking bankruptcy already have significant credit issues.  Bankruptcy allows a "fresh start," giving debtors an opportunity to truly clean up their credit problems.  It is true that you may have some difficulty finding low-interest lending but with each month that passes in which you are able to pay all of your bills on time your credit gets stronger and stronger.

How often can I file for bankruptcy?

Every 8 years for Chapter 7.  Our true hope is that if you need to seek bankruptcy relief you only have to do it once.

My mom co-signed on a loan for me, how will my bankruptcy affect her?

Any co-debtor may be left with the full balance of the debt following your bankruptcy.  It is important that you speak with that person before filing and speak with your attorney to see if there are any arrangements that can be made regarding that debt.

What debts can not be discharged?

Typically, student loans, income taxes and domestic support obligations are considered non-dischargeable debt.  There are other debts that may not be dischargeable and you should consult with an attorney.

Can I be fired from my job for filing for bankruptcy?

No. U.S.C. Section 525 prohibits employers from discriminating based on bankruptcy filing.

Can I keep my credit cards if I file for bankruptcy?

Most credit card companies will cancel your card if you file for bankruptcy unless you reaffirm the debt.  Reaffirmation is a request to the court to allow a certain debt to survive the bankruptcy discharge.

What will it cost me to file bankruptcy?

Please contact our office regarding our fees.  We give a free initial consultation and our rates are very competitive.