Can I keep any credit cards?

By |2019-03-14T01:16:22+00:00March 14th, 2019|

Under some circumstances you may be able to keep some credit cards if the creditor agrees. There are many factors which must be considered, including the credit card balance at the time of the bankruptcy, what terms the credit card company is willing to accept [...]

Will I have to fill out forms?

By |2019-03-14T01:16:38+00:00March 14th, 2019|

Filing bankruptcy means filling out forms. We will ask you to fill out forms to provide us with the information needed to prepare the bankruptcy petition. We will use the information you provide to complete the official forms, using a specialized computer program that complies [...]

Will I be required to go to court?

By |2019-03-14T01:16:56+00:00March 14th, 2019|

About 30 to 40 days after filing the bankruptcy petition, you will have to attend a hearing presided over by a bankruptcy trustee. This hearing is called the First Meeting of Creditors. The trustee is not a judge, but an individual appointed by the United [...]

Are there alternatives to bankruptcy?

By |2019-03-14T01:17:14+00:00March 14th, 2019|

Yes. Sometimes payment plans can be negotiated with creditors. Obtaining loan extensions, compromises and workout agreements require negotiation skills and experience. These alternatives may alert your creditors to the existence of nonexempt property that the creditor could reach and can involve considerable expense. You also [...]

What should I do to prepare for filing bankruptcy?

By |2019-03-14T01:17:59+00:00March 14th, 2019|

First, you should consult with an attorney. An attorney can help you plan for the bankruptcy, decide when to file a bankruptcy petition, or even avoid filing for bankruptcy. A few specific items are worth mentioning. If you intend to file bankruptcy you should stop [...]

Can I file bankruptcy to delay a creditor?

By |2019-03-14T01:18:40+00:00March 14th, 2019|

The Rules of Bankruptcy Procedure require you or your attorney to certify that your petition is not filed “for any improper purpose, such as to harass or to cause unnecessary delay.” Bankruptcy is intended as a tool for dealing with debts that cannot otherwise be [...]

Do I have to disclose all of my assets?

By |2019-03-14T01:18:58+00:00March 14th, 2019|

Yes. If you knowingly and fraudulently conceal an asset from the court you have committed a felony and can be fined up to $5,000, imprisoned for up to five years, or both. In addition, the court can deny you your discharge, or dismiss or convert [...]