FAQs

Our firm handles three primary types of bankruptcy: Chapter 7, which involves liquidation; Chapter 13, which focuses on repayment plans; and Chapter 11, which is designed for business reorganization.

Bankruptcy can discharge many unsecured debts, including credit card balances and medical bills. However, certain obligations such as student loans and child support typically remain after bankruptcy proceedings.

A Chapter 7 bankruptcy remains on your credit report for 10 years, while a Chapter 13 bankruptcy stays for 7 years. It's important to note that you can begin the process of rebuilding your credit immediately after receiving a discharge.

The ability to retain your home during bankruptcy depends on factors such as your equity and available exemptions. In many cases, Chapter 13 bankruptcy provides an opportunity to keep your home while catching up on missed payments.

In most bankruptcy cases, your court appearance is limited to a brief meeting with creditors, known as a 341 meeting. Your attorney will manage the majority of filings and negotiations on your behalf.

Filing for bankruptcy initiates an automatic stay, which effectively halts creditor actions including collection calls, lawsuits, and wage garnishments.