WILL I LOSE MY HOUSE?
Bankruptcy will not result in the loss of your house so long as you keep your mortgage payments current. If you are behind on your payments you may be able to save your house from foreclosure by filing a Chapter 13 bankruptcy.WHAT IS THE DIFFERENCE BETWEEN A CHAPTER 7 AND A CHAPTER 13?
In a Chapter 7 you file and receive a discharge (elimination of all of your debts) immediately. In a Chapter 13 you enter into a payment plan up to 60 months long in which you pay a portion of the amount you owe to your creditors. The amount you pay depends on your income. Your discharge occurs only after you have completed your Plan.WILL I BE ABLE TO KEEP MY CARS AND OTHER PROPERTY?
In most cases yes. It depends on the value of your property. In your free initial consultation we will examine this issue.HOW LONG WILL A BANKRUPTCY EFFECT MY CREDIT?
This will depend on you. While it will be reflected for 10 years on your credit report, most people see a significant improvement in their credit scores in about 2 years. Credit cards are also easy to obtain after bankruptcy, but interest rates are high and credit limits are low at first.WILL MY EMPLOYER FIND OUT ABOUT MY BANKRUPTCY FILING?
Generally, no. As long as your employer is not a creditor it will not receive notice of the filing.