Q1: Should I file for bankruptcy?

A: Whether you should file for bankruptcy depends on your individual financial circumstances. You should consult a bankruptcy attorney to determine whether your circumstances position you to file, and whether the benefits of filing outweigh the negative effects.

Q2: What are the benefits of filing for bankruptcy?

A: The main benefit of bankruptcy is the discharge of certain debts. Since the benefits of filing vary based on the amount and type of debt you owe and chapter you file, consulting with an attorney will afford you the opportunity to learn the bankruptcy benefits specific to your situation.

Q3: What are the negative effects of filing for bankruptcy?

A: Filing for bankruptcy doesn’t necessarily mean you’re free and clear of all debts. Furthermore, filing for bankruptcy will affect your credit. The attorney you consult with will inform you of the debts that are not dischargeable in bankruptcy as well as the credit ramifications.

Q4: How much of your practice is devoted to bankruptcy cases?

A: This law firm is a full service law firm that provides legal services in various practice areas. A competent and knowledgeable bankruptcy attorney will handle your matter and devote sufficient time and attention to your specific needs.

Q5: What information is needed to get started?

A: When you file for bankruptcy, all of your financial information is reviewed and considered by the court. You will be provided with a bankruptcy questionnaire, which will include a detailed list of all of the information needed for your case.

Q6: What is the best way to contact you?

A: We are available for contact through in the office appointments, telephone communication, and via email.

Q7: Who will accompany me to court?

A: You will be accompanied by an attorney to all court dates that require your appearance.

Q8: What is included in the attorney’s fee?

A: Attorney’s fees vary as do the scope of work that is covered by the fee. In your consultation, the attorney will inform you of the fee for representation and what the fee specifically covers.

Q9: What’s the difference between a Chapter 7 and Chapter 13 bankruptcy?

A: A Chapter 7 bankruptcy is better known as a liquidation bankruptcy. In a chapter 7 bankruptcy the trustee will take possession of your non-exempt assets in order to sell them and distribute the proceeds to your creditors. At the conclusion of a chapter 7 bankruptcy case, you will be discharged of your dischargeable debt.

A Chapter 13 bankruptcy allows you to keep the assets you can continuously pay for, while proposing a plan to pay your creditors. You will also receive a discharge of certain debts at the conclusion of a chapter 13 case.

Q10: What if I lose my job after I file Chapter 13?

A: You may then be approved for extension to find another job or you may be able to convert to a Chapter 7 bankruptcy.

Q11: Can you file bankruptcy more than once?

A: You can file more than once, but depending on the chapter you file, there is a time restriction you have to adhere to.