Here are some of our most frequently asked questions about Bankruptcy…
Click on question to see answer.
Answer: No. Most debtors never see a judge in the bankruptcy process.
Answer: There is no such thing as a medical bankruptcy. The majority of your debts may be medical bills, however all debts can be included.
Answer: Most retirement funds are exempt and do not take from your personal property deduction amount. ($10,000/$20,000).
Answer: A Chapter 7 is a liquidation of all of your debts and leaves you with enough assets to start fresh. A Chapter 13 allows you to pay a percentage of your creditors back over a period of 36 to 60 months. A chapter 13 bankruptcy can also help you prevent foreclosures and auto repossessions.
Answer: Most debtors are able to keep their cars and homes as long as they continue to make payments.
Answer: A single person can keep up to $10,000 in personal property and a married couple $20,000.
After reviewing our Bankruptcy FAQ’s and you think filing bankruptcy may be right for you, fill out our online Bankruptcy Intake Form here or call our office to schedule a free consultation today!