Bankruptcy FAQ

1.Q: Why is it legal to file Bankruptcy?

A: The United States Congress recognized a long time ago that even well-intentioned people could from time to time run into serious financial problems ...read more

2.Q: How long does Bankruptcy stay on my credit report?

A: All negative information such as late payments, collection and legal actions, stay on your record for 7 years. Credit bureaus will re ...read more

3.Q: When will creditors and bill collectors stop calling me?

A: When you file either Chapter 7 or Chapter 13, something called the “automatic stay” goes into effect. The automatic stay prohib ...read more

4.Q: Will I lose any assets or property if I file for Bankruptcy?

A: You will not lose any assets or property in Chapter 13. In Chapter 7, most property and other assets are exempt, including ...read more

5.Q: I am married. Does my spouse need to file with me?

A: Not necessarily. In community property states such as California, however, where the debts of one spouse are also the debts of the ot ...read more

6.Q: Who will know that I filed?

A: Although your Bankruptcy documents are a matter of public record, no one will know but your creditors that you filed. Of course, if someone was to search Co ...read more

7.Q: How much do you charge for representing someone in Chapter 7 or Chapter 13? Will I be able to afford your fees?

A: Our fees are reasonable and vary from case to case. We will quote you a ...read more

8.Q: Why do I need an attorney to file? Can’t I just represent myself?

A: Hiring an attorney to represent you in a Bankruptcy proceeding is not mandatory. However, remember that there is no su ...read more